Shake Shack has signed a lease for a 3,000-square-foot pad site at Cascades Marketplace in Sterling, Loudoun County, Virginia. According to the Washington Business Journal , this outlet is set to open in 2025 following the expiration of McDonald’s restaurant lease in fall 2024. Willard Retail – an affiliate of Cascades Marketplace – is investing $5 million on improvements and additional residential development as part of its repositioning plan. KLNB represented Shake Shack while Willard was represented by their internal team during the leasing process. Connect CRE first reported about Shake Shack coming to Loudoun County!
Multifamily Borrowers Face 41% Higher Refi Interest Costs and Negative Leverage by 2026
Multifamily owners with loans approaching maturity are confronting significantly higher refinancing costs, with new analysis quantifying the shift. Newmark reports
Steve Griffin
November 5, 2026
