Uncle Chen's Secures Lease at Creekside Station

Deal News | Feb 28, 2025 | Continental Realty Corp

Uncle Chen's Secures Lease at Creekside Station

Uncle Chen's Chinese Restaurant has entered into a lease agreement with Baltimore-based Continental Realty Corporation (CRC) for a 3,781 square foot space at Creekside Station, a prominent lifestyle center in Winchester, Virginia. The deal marks the first leasing activity since CRC's acquisition of the center in mid-August 2024, bringing the total leased space to 97% across nearly 50 tenants. Uncle Chen's, renowned for its authentic Asian cuisine featuring locally-sourced ingredients, is set to begin operations this spring. The signing was facilitated by CRC's Kelsi Holman representing the landlord, while Betty Yang of United Real Estate represented the tenant. Creekside Station, strategically located at the intersection of VA Route 11 and Battle Park Drive, offers a mix of service-oriented retailers and specialty dining options. Owned by local entrepreneurs Xian Chen and Xiangping Lin, Uncle Chen's will provide a diverse menu, including vegetarian options, appealing to the area's residential and business communities. The surrounding area boasts nearly 70,000 residents with an average household income nearing $75,000, supplemented by 105,000 nearby workers. The center forms part of the Creekside Town Center's broader development, which includes fully-leased office spaces and ongoing residential projects. Continental Realty Corporation, with a robust portfolio exceeding $4 billion in value, focuses on acquiring and managing retail and multifamily properties across 13 states.

Sectors

  • Commercial Real Estate
  • Hospitality & Food Service

Geography

  • United States - Virginia – The lease agreement and operations are taking place in Winchester, Virginia, highlighting this region as part of Continental Realty Corporation's investment and expansion strategy.
  • United States - Maryland – Continental Realty Corporation is headquartered in Baltimore, Maryland, making it a relevant geography for understanding the company's operations.

Industry

  • Commercial Real Estate – Continental Realty Corporation operates within the commercial real estate sector, engaging in acquiring and managing retail centers like Creekside Station.
  • Hospitality & Food Service – Uncle Chen's engagement as a new tenant at Creekside Station highlights the role of the hospitality and food service industry in enhancing retail destination experiences.

Financials

  • 3,781 square feet – The size of the space leased by Uncle Chen's at Creekside Station.
  • 97% – The percentage of leased space at Creekside Station following Uncle Chen's lease agreement.
  • 8 million square feet – The total retail space managed by Continental Realty Corporation across its portfolio.
  • $4 billion – The total portfolio value of Continental Realty Corporation's retail and multifamily properties.

Participants

NameRoleTypeDescription
Uncle Chen's Chinese RestaurantTenantCompanyA local restaurant specializing in authentic Asian cuisine, set to open at Creekside Station.
Continental Realty CorporationOwner/LandlordCompanyA Baltimore-based commercial real estate and investment company managing Creekside Station.
Kelsi HolmanLandlord RepresentativePersonRepresentative from Continental Realty Corporation who facilitated the lease agreement.
Betty YangTenant RepresentativePersonAgent from United Real Estate representing Uncle Chen's in the lease agreement.
Xian ChenOwnerPersonCo-owner of Uncle Chen's Chinese Restaurant with extensive experience in the restaurant industry.
Xiangping LinOwnerPersonCo-owner of Uncle Chen's Chinese Restaurant with a background in operating Winchester-area eateries.