ALEXANDRIA, VA–Wegmans Food Markets has signed a 84,000-square foot lease at StonebridgeCarras' one-million-square foot Hoffman Town Center development here. The Wegmans will anchor the 210,000-square feet of retail on Blocks 4 and 5.
Wegmans has committed to locate the store on the second level of the project allowing for the frontage on Mandeville Lane to be lined with street-level retailers. “Landing Wegmans is perfect for the area and their willingness to locate their store on the second floor will really make the street environment perfect,” Douglas Firstenberg, a principal with StonebridgeCarras said in a prepared statement.
The new lease is another win for the submarket, following the grand opening last week of the National Science Foundation, a project that is bringing in thousands of new employees and visitors to the Carlyle area every day, according to Stephanie Landrum, CEO of Alexandria Economic Development Partnership. “An important component of our plans for growth in this area is to bring in amenities that serve both our residents and daytime population,” she said in a prepared statement.
The project's plans include 210,000 square feet of retail and 775,000 square feet of residential including condominiums and apartments.
StonebridgeCarras expects to break ground on the project in early 2019 with the first components opening in the Fall of 2021.
Sam Hodges of KLNB represented Wegmans for this lease. Sam Hodges and Dimitri Georgelakos are representing StonebridgeCarras to lease the retail space in the development.
ALEXANDRIA, VA–Wegmans Food Markets has signed a 84,000-square foot lease at StonebridgeCarras' one-million-square foot Hoffman Town Center development here. The Wegmans will anchor the 210,000-square feet of retail on Blocks 4 and 5.
Wegmans has committed to locate the store on the second level of the project allowing for the frontage on Mandeville Lane to be lined with street-level retailers. “Landing Wegmans is perfect for the area and their willingness to locate their store on the second floor will really make the street environment perfect,” Douglas Firstenberg, a principal with StonebridgeCarras said in a prepared statement.
The new lease is another win for the submarket, following the grand opening last week of the National Science Foundation, a project that is bringing in thousands of new employees and visitors to the Carlyle area every day, according to Stephanie Landrum, CEO of Alexandria Economic Development Partnership. “An important component of our plans for growth in this area is to bring in amenities that serve both our residents and daytime population,” she said in a prepared statement.
The project's plans include 210,000 square feet of retail and 775,000 square feet of residential including condominiums and apartments.
StonebridgeCarras expects to break ground on the project in early 2019 with the first components opening in the Fall of 2021.
Sam Hodges of KLNB represented Wegmans for this lease. Sam Hodges and Dimitri Georgelakos are representing StonebridgeCarras to lease the retail space in the development.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
