Five National Retailers Join Expanding Tenant RosterWASHINGTON, DC – September 27, 2016 – Trammell Crow Company (TCC), along with Fort Lincoln New Town Corporation and CSG Urban Partners, announce Starbucks, Five Below, Vitamin Shoppe, Panda Express, and T-Mobile have signed long term leases at The Shops at Dakota Crossing, a 430,000-square-foot retail center located in NE Washington, D.C. All stores plan to open in early 2017. These new leases bring the center to nearly 90 percent leased.
“We are very pleased to see the Shops at Dakota Crossing continues to attract high quality, national retailers that add to the best-in-class roster of tenants already operating in the center and provide the kind of services the residents of Ward 5 want and deserve,“ said Adam Weers, Principal within TCC’s MidAtlantic Business Unit.
“Fort Lincoln has become one of the most sought after neighborhoods in the District and this impressive set of new tenants in the Center proves that it has also become one of the District's premier retail destinations,” added Michele V. Hagans, President and CEO of Fort Lincoln New Town Corporation.
The retail center is anchored by Costco, Lowe’s and Dick’s Sporting Goods, which are currently open, and Marshall’s and PetSmart, which will open this fall.
Executive Vice President Lisa Stoddard and Associate Abby Davids with CBRE Washington, DC are responsible for the retail leasing. For more information, please call 202.783.8200.
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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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 more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of June 30, 2016, TCC had $7.1 billion of projects in process and $3.0 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 2015 revenue). For more information visit www.TrammellCrow.com.