Penzance is slowly building up occupancy at one of Washington’s most iconic complexes: The Watergate.
CVS has signed a long-term lease to expand its presence from its current 8,000 SF space to 13,000 SF at the former Safeway space. The deal will make CVS the largest tenant in the 65,000 SF retail plaza.
Penzance has retained Bill Miller and Alex Walker of Miller Walker Retail Real Estate to market the current 8,000 SF CVS space along with the balance of the retail plaza.
The two will continue to represent The Peterson Cos and DRI at the 1M SF Rock Spring Centre in Bethesda, in addition to repping restaurants the Silver Diner, PAUL Bakery, and CraftWorks (which manages the Gordon Biersch, Old Chicago, and Chophouse brands.)
Transwestern Retail alumni Bill Miller and Alex Walker have joined forces to launch Miller Walker Retail Real Estate. Their new firm will focus on representing both retail landlords and potential tenants in D.C., Virginia and Maryland.
The new venture is headquartered in Georgetown in Suite 300 at 2715 M St. NW, where they have leased about 1,000 square feet of space.