{"id":1004638595,"date":"2023-01-10T02:31:43","date_gmt":"2023-01-10T10:31:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004638595"},"modified":"2025-02-18T05:37:23","modified_gmt":"2025-02-18T13:37:23","slug":"preit-lands-30-ksf-tenant-at-dc-area-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/","title":{"rendered":"PREIT Lands 30 KSF Tenant at DC-Area Retail Center"},"content":{"rendered":"<div id=\"attachment_1004638597\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004638597\" data-attachment-id=\"1004638597\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/kentaro-toma-lvah-bmk8rg-unsplash\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"kentaro-toma-LVAH-bmk8Rg-unsplash\" data-image-description=\"&lt;p&gt;https:\/\/unsplash.com\/photos\/LVAH-bmk8Rg&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Image by Kentaro Toma via Unsplash&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg?w=1024\" class=\"wp-image-1004638597 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004638597\" class=\"wp-caption-text\">Image by Kentaro Toma via Unsplash.com<\/p><\/div>\n<p><strong>Burlington Stores <\/strong>has signed a 30,000-square-foot lease at <strong>PREIT<\/strong>\u2019s Springfield Town Center in Springfield, Va. The landlord handled the lease in-house, according to a spokesperson representing PREIT.<\/p>\n<p>The store is slated to open this year. Burlington\u2019s outlet will complement the LEGO Discovery Center\u2019s recent opening at the property, as well as other additions, including Lovisa, BoxLunch, Daily Thread and Carters, among others. The lease agreement with the latest tenant is bringing the center\u2019s occupancy to 95.5 percent.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/preits-ceo-on-the-rebirth-of-malls\/\">PREIT\u2019s CEO on the Rebirth of Malls<\/a><\/p>\n<hr \/>\n<p>The property, originally completed in 1973, underwent a thorough redevelopment process that wrapped up in 2014, the same spokesperson\u00a0told <em>Commercial Property Executive<\/em>. PREIT purchased the asset in 2015, from Vornado Realty Trust, for $452 million.<\/p>\n<p>Located at 6601 Springfield Mall, the retail center is accessible via Henry G. Shirley Memorial Highway. Additionally, Springfield Town Center is positioned at the intersection of Interstates 95, 395, 495 and Fairfax Parkway.<\/p>\n<h2>A 1.7 million-square-foot Northern Virginia retail center<\/h2>\n<p>Target, Macy\u2019s, JCPenney, Nordstrom Rack and Five Below are among the tenants at the 1.7 million-square-foot retail center. According to data firm <em>Placer.ai<\/em>, Springfield Town Center has nearly 1.1 million annual visits.<\/p>\n<p>With the aim <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-property-redevelopment-strategies\/\">to convert<\/a> Springfield Town Center into a reimagined mixed-use family entertainment hub, PREIT unveiled plans for a 75,000-square-foot retail and entertainment space at the property this year. Additionally, the firm has recently received approval from the Fairfax County Board of Supervisors for the addition of 460 apartments and 165 hotel rooms at the location.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Burlington is slated to open at the location this year. <\/p>\n","protected":false},"author":3030,"featured_media":1004638597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,21742,21749,1615],"tags":[51614,33548],"class_list":["post-1004638595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-midatlantic","category-latest","category-retail","category-washington-dc","tag-burlington-stores","tag-preit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PREIT Lands 30 KSF Tenant at DC-Area Retail Center - CPE<\/title>\n<meta name=\"description\" content=\"Burlington has signed a 30,000-square-foot lease at PREIT\u2019s Springfield Town Center retail property is Springfield, Va.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PREIT Lands 30 KSF Tenant at DC-Area Retail Center\" \/>\n<meta property=\"og:description\" content=\"Burlington has signed a 30,000-square-foot lease at PREIT\u2019s Springfield Town Center retail property is Springfield, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-10T10:31:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T13:37:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/kentaro-toma-LVAH-bmk8Rg-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/preit-lands-30-ksf-tenant-at-dc-area-retail-center\/\",\"name\":\"PREIT Lands 30 KSF Tenant at DC-Area Retail Center - 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