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Dirt Moves on 180,000-SF Retail Center

LEXINGTON PARK, MD-CRG Development is looking beyond the $25 million phase one portion of the project at other uses, including hotel and office, for phase two.

By Erika Morphy | Updated on September 05, 2008

LEXINGTON PARK, MD-CRG Development just broke ground on a 180,000-sf project here that will consist of retail and possibly other uses in later phases of the project. Phase I, which is being developed for $25 million, is primarily retail.

The firm inked a prelease for 90,000 sf with a major retailer last year, Andrew Ettinger, principal at CRG Development, tells GlobeSt.com. With commitments from local tenants and a Rite Aid in one of the three pod sites, the space is now 65% leased, he says. Asking rates are in the low $30s per sf.

The project, located at the corner of Route 235 and Buckhewitt Rd., will expand an additional seven acres in phase II. The company is currently evaluating the best use for the remainder of the site. Possibilities include hotel and office space, he says.

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