Lidl Signs 29K SF Lease at Skyland Town Center in DC
By Christina sturdivant-Sani May 29, 2019 5:50 pm
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German grocery chain Lidl has signed a lease for 29,089 square feet at the under-construction Skyland Town Center mixed-use development in Washington, D.C., according to a press release from Rappaport which is leading the retail leasing at the site.
Lidl, which has nine stores in the D.C. area and 65 stores across the east coast, will be the first internationally recognized full-service supermarket to open east of the Anacostia River since 2007, according to the release.
“We are committed to opening stores in the most convenient location for our customers,” Johannes Fieber, the CEO of Lidl US, said in a prepared statement.
The announcement comes three years after Walmart pulled out of a deal to anchor the 18.5-acre site.
“Understanding the history of the site and the tremendous anticipation from the community, we look forward to building a store customized for the shoppers of Skyland Town Center,” Fieber continued, adding that the site located at the intersection of Alabama Avenue, Naylor Road and Good Hope Road is “easily accessible, convenient and visible.”
Gary Rappaport, the CEO at Rappaport, said in prepared remarks that he has dedicated himself to the project “and built treasured relationships within this community, so success at Skyland Town Center is more important to me than any other project. Like so many great ones, the story of Skyland Town Center is rich and multilayered, and soon Washingtonians will be able to experience the much-anticipated Skyland Town Center vision in real life. We are so pleased to welcome Lidl to Skyland Town Center and thrilled to bring an innovative, modern retailer with fresh options to this deserving neighborhood.”
Rappaport’s Jim Farrell, Thomas Bolen III and Michael Leon represented Skyland Town Center in the transaction. It’s unclear if Lidl was represented by a broker. A spokesman for Lidl and spokeswoman for Rappaport both declined to disclose terms of the deal and the asking rent at the town center.
Skyland Town Center’s first phase will feature 84,500 square feet of retail including CVS, which has been operating in a temporary trailer during construction, according to the release. More than 260 apartment units are slated to open by the end of 2020. Upon completion, the development will have up to 135,000 square feet of retail and 450 to 500 residential apartments.
