For more retail coverage, click GlobeSt.com/RETAIL.
ARLINGTON, VA-Three new stores--Club Monaco, Lillie Rubin, andAmerican Greetings--have signed on to open in the Fashion Centre atPentagon City, giving the popular 860,000-sf shopping destinationadditional upscale retail options. The newest occupants' leaseswith Fashion Centre owner Simon Property Group Inc. account for atotal of nearly 7,000 sf.
Fashion Centre general manager Suzette Timme tells GlobeSt.comthat the three lease agreements are all long-term and leave theshopping center with a 99% occupancy level. Timme adds that theleasing team does not disclose information regarding leasing rates;however, according to NAI Direct Inc., retail space in NorthernVirginia retail centers ranges from $14 to $35 per sf.
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