Republic Puts Team in Place to Lease the Portals

WASHINGTON, DC-The 120,000-sf retail portion of the Portals, a three-million-sf mixed-use development along the Potomac River, has been assigned a team to handle leasing activities. Republic Properties has called on Eric Rubin and Chris Harlepp at Madison Retail Group to take on the responsibility. The retail space, the first segment of which is scheduled for availability delivery next year, is being marketed for $30 to $45, triple net.

A $1-billion multi-phase development sited on approximately 11 acres, the Portals is the largest commercial project in Washington, DC’s history. The property is already home to the 400-room Mandarin Oriental Hotel, and will ultimately feature a total of 2.5 million sf of office space.