Lerner Buys Nordstrom Site At Dulles Town Center
The site of the Nordstrom that closed last year at Dulles Town Center is now under the control of the mall's owner.
Lerner acquired the 144K SF building and 13.5 acres of surrounding property, including parking lots, from Nordstrom Inc. for $5M, the Washington Business Journal reports.
The store closed in September after being open for 15 years. Lerner's Art Fuccillo, speaking at a Bisnow event in May, said the retailer was looking to trim its portfolio to appease investors and thought its Tysons store could serve the area.
Lerner owns all of the interior mall space, the Regal Cinema building and some other parking lots, but it does not own the other department stores, which include Macy's, Sears, JCPenney and Lord & Taylor. The developer has not announced any plans for the Nordstrom site, but it is working on residential projects near the mall.
Earlier this year, Lerner completed a 435-unit apartment building, Phase 3 of its Windmill Parc development, near Dulles Town Center. Last year, it broke ground on a project that will include 66 townhouses near the mall.
"We're going to continue with the residential growth and the commercial growth as it presents itself," Fuccillo told Bisnow in June. "We're following through on a few other things we hope will enhance the area. We're just really continuing on with the plans for Dulles Town Center on the residential growth side."
