Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROCKVILLE, MD-Two new tenants, Recreational Equipment Inc. and StoreHouse Furniture, have opened their doors at the Shops at Congressional Village, the shopping center at Rockville Pike and Halpine Road, a high-traffic locale.

The property is currently undergoing an expansion and upgrade procedure, courtesy of owner the Cohen Cos., which will leave the center with a total of 100,000 sf of retail offerings. Outdoor sporting goods store REI has moved into a 26,000-sf anchor space, while StoreHouse Furniture has consolidated two of its area locations into one 15,000-sf space.

KLNB Retail’s Bob Morris, who is handling leasing at the Shops along with colleague Phil Ruxton, tells GlobeSt.com that the prime class A space is being marketed for $50 to $60 per sf and that redevelopment of the retail property will reach completion during the first quarter of 2005.

“Few centers in the Washington, DC region can match the density and demographics of this center, and Rockville Pike is recognized nationally as the major venue for any retailer entering or expanding into this market,” Ruxton says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.