German Grocer Lidl Buys National Gateway Building

Put one in the win column for Arlington: German grocer Lidl signed on the dotted line to invest in National Gateway I to the Meridian Group for $77M. Lidl will fill all of the 217k SF building, which has sat vacant in the Potomac Yards neighborhood of Arlington since it opened in 2010. Lidl expects to move into the building this fall, the Washington Business Journal reports, bringing 500 jobs to the county. In exchange, Arlington and Virginia have promised $14.5M in grant money and infrastructure improvement, and Arlington is waiving half of Lidl's business taxes. Lidl is also planning on spending $125M for a facility in Spotsylvania County farther south. [WBJ]

Continue reading this story with a free account

Log in or register
Related Topics: Lidl , National Gateway , Potomac Yards
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Affinius Relinquishes Big Office Building Next To Capital One Arena

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

DCHA Taps Executive Director: The D.C. Deal Sheet

The Multifamily Boom Is Putting HVAC Decisions Back In The Spotlight

KKR's Chris Lee On Finding Opportunities As CRE Begins A 'Regime Change'

Gould Starts $25M East End Office Renovation, Seeks Tenants For Top Floors

Elme Finishes Liquidating With 3 D.C.-Area Sales

CoreCivic Gets Third Leader In A Year After CEO Resigns