Positioning Retail Real Estate for a New Generation

September 9, 2021

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KC Beauty Store Lease Brings New Retail Category to Crossroads Place

Beauty Supply Chain Commits to 9,000 SF at Falls Church, Va., Shopping Center

FALLS CHURCH, Va., Sept. 9, 2021 – Beauty supply store KC Beauty has leased 9,000 square feet at Crossroads Place, marking a fifth location for the popular regional chain and representing a new retail tenant category for the Falls Church shopping center.

Levin Management Corporation (LMC) serves as exclusive managing agent for the 346,000-square-foot Crossroads Place, located at the heavily traveled intersection of Leesburg Pike and South Jefferson Street. Melissa Webb of Rappaport represented LMC in this transaction and arranged the long-term lease; Rappaport’s Michael Kang served as tenant broker.

KC Beauty opened its first store in 2000 and provides a wide selection of quality hair care and beauty products, including wigs/hair extensions, nail care items, cosmetics, jewelry and more. The Crossroads Place location will join existing stores in Alexandria and Lorton, Va., and Hanover and Takoma Park, Md.

“Crossroads Place is a very well-shopped center in a high-demand marketplace,” Webb said. “KC Beauty will be a great complement to its fantastic mix of retail, service and restaurant tenants, and further solidify the center’s reputation as the area’s premier ‘one-stop shopping’ destination.”

Anchored by a Giant food store, Burlington Stores, HomeGoods and T.J. Maxx, Crossroads Place also features Cost Plus World Market, Mattress Warehouse, Advance Auto, PNC Bank, Quickway Japanese Hibachi, Longhorn Steakhouse, Chipotle, Golden Buffet, Einstein Bagels, Starbucks and The Olive Garden, along with neighborhood conveniences such as a nail salon, liquor store and optometrist.

Crossroads Place serves a growing residential population of more than 600,000 people within a five-mile radius. The marketplace offers an average household income of more than $143,000, and the traffic count on Leesburg Pike is about 38,000 vehicles per day.

One, 17,800-square-foot space availability remains at Crossroads Place.

For nearly seven decades, North Plainfield, N.J.-based LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The firm today maintains a diversified, retail-focused portfolio of 120 properties totaling almost 16 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction management and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 194 times Last modified on Saturday, 11 September 2021 02:35