Village at Leesburg Signs Leases for Three New Retailers
Charming Charlie, Frilly Frocks and Hour Eyes to join growing list of retail tenantsPosted Date: 7/30/2010Leesburg, VA July 30, 2010 – Three new retailers, comprising approximately 20,000 square feet of space, have signed leases at the Village at Leesburg, a 1.2 million square foot mixed-use project near the intersection of Virginia Route 7 and Crosstrail Blvd. By the end of the year, twenty-two stores, comprising a mixture of specialty retailers, restaurants, entertainment concepts and a grocery store, are expected to be open at the Village at Leesburg, which is being co-developed by a Cypress Equities company and Kettler. In addition, Cobb Theatre is tentatively slated for a summer 2011 grand opening.
The new stores include Charming Charlie, a women’s fashion and apparel store that will occupy more than 11,000 square feet of space; Frilly Frocks, a boutique and consignment store specializing in fine ladies’ and children’s clothing and accessories that will operate in nearly 3,400 square feet; and Hour Eyes, an optometrist and eye care services retailer that has leased approximately 4,000 square feet of space.“Each of these three new stores consist of destination-style merchants that will drive repeat customers to Village at Leesburg, and add compelling new products or services to our tenant mix,” stated John Fainter, vice president of development for Cypress Equities.“Frilly Frocks is an established Northern Virginia-area retailer with a store philosophy that encourages multiple visitations to experience new product offerings. Charming Charlie was among five stores in the country to be selected for the ‘Hot Retailer Award’ at the recent national shopping center convention. Hour Eyes is a rapidly-expanding and locally-operated chain with a loyal and growing customer following,” he added.The roster of stores now open include Wegmans Food Markets, AT&T, Crystal Brite Cleaners, Coldwater Creek, King Pinz, Massage Envy, Neibauer Dental, Potomac River Running, Salon Montage, Sleepy’s, Verizon Wireless, Wachovia Bank, Flame Kabob, and Faang Thai Restaurant and Bar. Additional signed tenants expected to open in the fourth quarter of 2010 include Eggspectation, Noodles & Company, LA Fitness, Tiny Toes Dance Academy and Travinia Italian Kitchen.Village at Leesburg is a four-story, vertically-integrated 1.2 million square foot mixed-use project near the intersection of VA Route 7 and Crosstrail Blvd. Upon final build-out, it will feature approximately 520,000 square feet of retail space, combined with 150,000 square feet of office and 335 luxury multi-family residences. The Carlyle Group is the lead equity partner in the development, KLNB Retail is handling the leasing of the retail sections, while Sperry Van Ness/Vaaler Real Estate is handling the office leasing and Windward Commercial the office condo sales.
Founded in 1995, Cypress Equities companies have offices in Dallas, Atlanta, San Francisco, New York and Fort Lauderdale. Today, Cypress Equities companies are developing and managing more than $1.3 billion in projects throughout the U.S. and Caribbean, consisting of community and power centers, as well as vertically integrated mixed-use villages that incorporate retail, residential, hotel and offices. Visit www.cypressequities.com for more information.The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.Founded by Robert C. Kettler in 1977, Kettler is among the largest private real estate and property management companies based in the DC metro area and one of the nation’s top multifamily developers. The firm’s diverse business model has led to the delivery of five million square feet of commercial space and over 50,000 homes in its master-planned communities. Kettler’s rental portfolio includes high-end, market rate, affordable and fee managed assets, and the management company has been awarded the Pillars of the Industry Award. Currently, Kettler is developing commercial, resort and transit-oriented mixed-use projects.
Posted by Charles Penifore
on Aug 2 2010. Filed under News.
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