Springfield Town Center: Thriving Retail Destination in Metro DC’s Wealthiest Corridor

Located in affluent Fairfax County, Virginia, Springfield Town Center stands as a premier mixed-use destination within the dynamic Washington D.C. metropolitan area. This 1.3 million square foot retail and entertainment hub serves a primary trade area with extraordinary demographics, average household incomes exceeding $200,000 and home values around $850,000, making it a prime investment opportunity in one of America's wealthiest regions.

Strategic Location Driving Exceptional Traffic
Springfield Town Center benefits from unparalleled accessibility at the intersection of three major highways-I-95, I-395, and I-495 -collectively delivering 682,000 vehicles in daily traffic. This prime positioning adjacent to TSA headquarters and near Fort Belvoir, home to nearly 50,000 military personnel and their families, ensures a consistent flow of visitors from both local communities and Washington D.C. tourists.

Proven Tenant Success and Continued Growth
The center's tenant mix balances established department stores like Macy's and JCPenney with modern retail anchors including Target, Burlington, Nordstrom Rack, and Dick's Sporting Goods. Since 2020, Springfield Town Center has welcomed over 145,000 square feet of new tenants, including Burlington, Lovisa, Windsor, Box Lunch, and 54 Restaurant as well as LEGO® Discovery Center, a standout addition, featuring interactive experiences including a café, 4D cinema, and Imagination Express that draw families from across the region, significantly enhancing foot traffic and visibility for all retailers.

Beyond Traditional Retail: A Lifestyle Destination
Placer.ai summarizes that "experience is key" in driving traffic with malls "attracting visitors by looking beyond traditional retail". Springfield Town Center delivers on this trend with Regal Cinemas and Dave & Buster's providing premier entertainment options, while LA Fitness serves health-conscious visitors. This diverse mix creates a true one-stop destination for shopping, dining, entertainment, and wellness.

Expanding Mixed-Use Appeal
In December 2023, PREIT sold a land parcel slated for the development of 439 Class A apartments expected to open in 2026. This addition will further the center's evolution into an integrated live-work-play community, promising a built-in customer base and enhanced property value.

Community Engagement Driving Foot Traffic
Springfield Town Center serves as a true community hub, hosting highly attended seasonal events including Fall Fest, Taste of Springfield, and the Cherry Blossom Festival. These gatherings create meaningful community connections while generating significant foot traffic to benefit tenants.

For more information on Springfield Town Center and leasing opportunities, visit the property page.