The Shops at Park Village

Jones Lang LaSalle, serving as exclusive advisor, is pleased to present the acquisition opportunity for The Shops at Park Village – a 113,321 SF Giant-anchored shopping center strategically positioned in Washington, D.C. The property commands a strong market position as the only large-format grocer within a one-mile radius, serving a robust immediate trade area of 35,179 residents. Notably, the center sits just half a mile from St. Elizabeth’s East Campus, a transformative 183-acre mixed-use redevelopment that represents one of Southeast DC’s most significant urban development initiatives.

The property boasts an exceptional tenant roster, with 65% of gross leasable area and 55% of rental income generated by investment-grade tenants, including Giant, Wells Fargo, and DC Public Library. At 99% occupancy, the center demonstrates remarkable stability through proven tenant retention, evidenced by an average weighted tenant tenure of 13.8 years and strong sales performance across the tenant mix.

The Shops at Park Village presents cash flow stability with multiple value-creation opportunities, including embedded upside from the adjacent large-scale development driving trade area densification, mark-to-market lease opportunities, and three credit-worthy, single-tenant pad sites offering pad spin-off optionality.