OfficeMax extends at JANAF Shopping Yard

January 15, 2016

McKinley is pleased to announce that OfficeMax has renewed and extended its lease through 2024 at JANAF Shopping Yard.  OfficeMax operates in 23,159 sf and has been a core tenant at JANAF since 1991.  JANAF Shopping Yard is a one million square foot regional shopping destination located at the intersection of Military Highway and Virginia Beach Boulevard in the very heart of the Tidewater MSA. Super Wal-Mart is a parking plate partner and shadow anchor, and JANAF Shopping Yard is the home to over 150 stores, restaurants and services.  McKinley has owned and operated JANAF since 1991, and was instrumental in bringing OfficeMax to Norfolk.

"We are excited to have OfficeMax renew its lease and extend its term at JANAF.  It demonstrates the long-term success that they have had with us, and it also provides a great service for our customers,” said Matthew Mason, Managing Director and Partner, Institutional Commercial Real Estate.  “We have an exceptional and seasoned team at JANAF, and they do a great job caring for our tenants” added Mason.

“Matt and his team had a banner year leasing in 2015 having completed 274 leases for over 2,008,700 sf and $192,000,000 in leasehold value, and they are off to a strong start in 2016,” offered Kenneth P. Polsinelli, Chief Real Estate Officer.  “We are over 98% occupied across our entire portfolio, and we expect several more major announcements in the coming weeks,” he added.

Tags:   ICRE