WASHINGTON, DC – November 23, 2015 – Trammell Crow Company (TCC), Fort Lincoln New Town Corporation and CSG Urban Partners announced that three additional national retailers have joined the tenant roster at Shops at Dakota Crossing, a 430,000-square-foot, Class A retail center currently anchored by Costco and Lowe’s. DICK’s Sporting Goods (NYSE: DKS), PetSmart, Inc. and a third national retailer signed long-term leases to occupy a combined square footage of 85,500. In a continuing trend started by Costco and Lowe’s, the new DICK’s Sporting Goods will be the retailer’s first store in the District of Columbia. Construction on the final phase of the Project has started and will be complete in 4Q 2016. With these transactions, Shops at Dakota Crossing is over 87 percent occupied.
Located on 44 acres of land along the northeastern edge of the District of Columbia, the site of this world-class retail center is passed by more than 100,000 commuters, tourists and other drivers on a daily basis. A part of the Fort Lincoln neighborhood, the stores and restaurants of the Shops at Dakota Crossing are within walking distance to one of the most vibrant and successful residential communities in Ward 5.
The remaining retail space will be occupied by a variety of tenants including small shops and restaurants, and will incorporate a mixture of neighborhood retailers and national chains. The Shops at Dakota Crossing retail center includes many neighborhood-friendly design features, including a central, walkable “Main Street” of small shops and restaurants, pedestrian-friendly connections to the surrounding residential developments, and several public plazas and open spaces with outdoor seating.
CBRE’s Lisa Stoddard and Kristen Braun are responsible for the retail leasing at The Shops at Dakota Crossing. For more information, please call 202.783.8200.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of September 30, 2015, TCC had $6.7 billion of projects in process and $4.0 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
About Fort Lincoln New Town Corporation
Fort Lincoln New Town Corporation (FLNTC) is one of the District of Columbia’s leading real estate development companies with extensive local experience and expertise. Over a span of 34 years, FLNTC has developed the Fort Lincoln area into a vibrant neighborhood of single family homes, townhouses, apartments, and senior residences, as well as parks, a community center and school. In addition to The Shops at Dakota Crossing, Fort Lincoln New Town Corporation is currently developing 322 units of the Villages of Dakota Crossing in partnership with Ryan Homes. FLNTC is led by its President, Michele V. Hagans who has also successfully developed additional projects throughout the District.
About CSG Urban Partners
CSG Urban Partners (CSG) is a full-service District of Columbia real estate development and consulting firm founded in 2003. A local, small and disadvantaged business enterprise (“LSDBE”) and CBE, CSG develops real estate projects in strategic partnerships with large-scale real estate developers. CSG also provides project management and advisory services to government entities, non-profits, churches, corporations and individual land owners. CSG’s principals formerly worked for a local redevelopment agency and are familiar with the public sector from the inside out.