Retail

As part of an ongoing representation of BB&T in the region, Oakcrest Commercial Real Estate represented BB&T in sale of their building in Old Town Winchester Virginia.  The property was sold for $2.7 million dollars with the transaction closing December 22, 2017. You can read more about the sale in this article from the Winchester Star.  This sale is part of a growing trend in the banking industry of closing branches as technology improves making them less necessary. A recent article in Costar sheds light on this trend.

Toys R Us Closing up to 182 Stores but the Winchester Virginia location in safe for now. Read about the closures in this article from CoStar.