The 229,000-square-foot shopping center, home to the AMC Worldgate 9 theater, Worldgate Athletic Club & Spa, and numerous restaurants and small businesses, sold at a foreclosure auction on Oct. 26 outside the Fairfax County Circuit Court for $28.2 million.
According to the Washington Business Journal, six groups participated in the auction, with the winning bid coming from a representative of the property’s largest secured creditor.
The sale comes after Worldgate Centre Owner LLC, an affiliate of McLean-based commercial real estate firm Rappaport, defaulted on a $65 million loan taken out in 2016…