Fort Lincoln Shopping Center Nearing Full Occupancy
Trammell Crow Company (TCC), along with Fort Lincoln New Town Corporation and CSG Urban Partners, announces that Mecho’s Dominican Kitchen, Jersey Mike’s, and the Transit Employees Federal Credit Union have signed long term leases at The Shops at Dakota Crossing, bringing the 430,000-square-foot retail center in NE Washington, DC to 91 percent leased. Each of these stores will open later in 2017.
In addition to its strong leasing performance, The Shops at Dakota Crossing has celebrated a string of new store openings over the past four months, including: Panda Express, Visionworks, T-Mobile, Vitamin Shoppe, and Starbucks. The accumulation of these four significant local and national retailers brings a wide range of services and operators to the retail center’s roster, added a significant uptick to the activity level, as well as complement the already-open, successful large anchor tenants at The Shops, including: Costco, Lowe’s and Dick’s Sporting Goods, Marshall’s and PetSmart. Active lease negotiations continue with three additional retailers, and only three spaces remain available beyond that.
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), founded in 2003, is a full-service real estate development and consulting firm headquartered in the District of Columbia. As a certified business enterprise (“CBE”), CSG develops real estate projects in strategic partnerships with large-scale real estate developers. CSG also provides real estate advisory services to non-profit, churches, religious organizations and public entities. CSG’s advisory services include real estate strategic planning, financial analysis, project management, public/private real estate transaction negotiations and other advisory services tailored to a client’s unique real estate needs.
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 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.