Old Navy, JPMorgan Chase Sign On At DC USA In Columbia Heights

The major retail development at the heart of D.C.'s Columbia Heights neighborhood has landed two new tenants.

Old Navy signed on for 11,800 SF in the former Children's Place storefront at DC USA and JPMorgan Chase signed a 3K SF lease for a bank branch in the former Vitamin Shoppe space.

The deals, first reported to be in the works by PoPville, closed this week at the International Conference of Shopping Centers' RECon convention.

The JPMorgan Chase deal represents the start of the company's rollout in D.C., where it plans to open up to 70 new branches and hire up to 700 new employees. It is expected to open by year-end.

The Old Navy store plans to open around October. It will be the second location in the District for the retailer, which has a store in Chevy Chase and several more in the suburbs.

"We're continuing to take the project towards a best-in-class tenant mix that is trying to meet the market," said Dochter & Alexander Retail Advisors principal Dave Dochter, who leases the property with his partner, Matt Alexander. "I think Old Navy fits really right in line with the demand and the demographics."

DC USA, the city's largest retail project, is anchored by Target, Bed Bath & Beyond and Best Buy. It has an 18K SF space that remains available where Staples closed in 2016.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

NYC Lawmakers Consider Mandating Lease Extensions For Retailers

'We're At A Juncture': Downtown Boston Retail Finds Its Post-Pandemic Footing

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review