WASHINGTON, DC-Marshall's has opened its secondbig box store in the District, at the National Press Building at14th and F streets. It precedes a third store that is planned forthe Shops at Dakota Cross in northeast DC. Perhaps moreimportantly, this retail outlet joins a wave of several nationalretailers that have inked leases in the District this year,including Barnes & Noble, H & M, Pinstripes, andBloomers.

More than 400,000 square feet of new retailspace has or is slated to open by yearend here. KeithSellars, President/CEO of the Washington, DC EconomicPartnership, notes that Marshall's is a strong anchor for thedowntown retail market "because it serves the daytime workforce,tourists, and the growing downtown residential base." It also fitsin well with a local trend in retail real estate to pair higher-endstores with more affordable offerings.

Marshall's, for instance, will not be that far away from theluxury retail tenants expected to sign on at CityCenterDC or thenew Trump Hotel, to be located on Pennsylvania Avenue. "This blendof co-tenancy helps to drive consumer traffic and meet demand inDC," said Sellars.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.