H&R Retail is pleased to announce that PerseusTDC and Four Points has selected H&R Retail as the retail brokerage firm responsible for marketing the retail component of the redevelopment of 200 Stovall in Alexandria, Virginia. Upon completion, the 635,000 SF mixed-use project will consist of 25,000 square feet of retail, 520 apartments and 246 parking spaces. The site location of 200 Stovall will neighbor the Eisenhower Metro station, Hoffman Town Center, The US Patent & Trade Headquarters, and the National Science Foundation Headquarters. According to Adam Peters of PerseusTDC, "the mix of a healthy employment opportunities, an amenity-rich environment, and close proximity to a metro location will all be drivers of 200 Stovall's success."
The H&R Retail team will consist of Principals Ray Schupp and David Ward. "H&R Retail is excited to be a part of the project team for 200 Stovall. The property is strategically positioned adjacent to AMC Hoffman Theater, a future Wegmans, and strong daytime generators that will allow us to curate a fantastic merchandising mix. We plan to target restaurants, banks, specialty fitness, and unique service retailers as an amenity for the future residents of the building," says H&R Retail Principal Ray Schupp.
200 Stovall broke ground in March of 2018. Initial units are estimated to deliver in the 4th quarter of 2019 and full completion and retail delivery is slated for 2020.
H&R Retail, founded in 1983, is the largest retail-only brokerage firm in the Washington, D.C./Baltimore metropolitan area, specializing in landlord and tenant representation as well as investment sales. With offices in Baltimore and Bethesda, Maryland, the firm exclusively represents over 18 million square feet of retail space and 88 big box, specialty stores and restaurants. H&R Retail provides its clients with unparalleled market knowledge, exceptional service and support in negotiations. The firm has completed nearly 1 million square feet of transactions, with an estimated value of $1B, in the first quarter of this year, their 35th year in practice. For more information about the H&R Retail, please visit www.hrretail.com.
PerseusTDC is a joint venture formed in 2017 between Perseus Realty LLC and Transwestern Development Co. focused on developing office, residential and mixed-use projects in the Mid-Atlantic region. PerseusTDC invests in strategically located properties that allow the company to add significant value through skilled strategic planning, risk management, operations and development. The firm's current portfolio exceeds 4 million square feet in the Maryland, Virginia and Washington, DC market.
