Biz Beat Roundup: Real estate deals galore in region
Jarrell Properties Inc. recently purchased two historic properties totaling about 46,000 square feet at the corner of William and Caroline streets in downtown Fredericksburg. The real estate investor, whose downtown portfolio now numbers 14 properties totaling about 126,000 square feet, bought the buildings at 925 Caroline and 1001 Caroline from the Sale family for $3,342,500. The buildings currently are home to the Antique Court of Shoppes and The Fredericksburg Antique Mall & Clock Shop. In a statement, Jarrell paid tribute to the Sale family and said its company is “currently evaluating the best long-term uses for both buildings, with a focus on preserving their historic character and bringing new life to the storefronts at downtown’s busiest intersection.” Jarrell’s downtown portfolio also includes 309 William St., 407 William St., 700-706 Caroline St., 723 Caroline St., 726 Caroline St., 822 Caroline St., 901 Caroline St., 200 Hanover St., 915 Sophia St., 919 Sophia St., 400 Amaret St. and 1300 Princess Anne St. The Stover Jarrell Agency, a related but separate entity, owns the following eight downtown properties: 205 William St., 209 William St., 1005 Sophia St., 1017 Sophia St., 505 Caroline St., 507 Caroline St., 1002 Caroline St. and 1004 Caroline St.
