Lincoln Square, Parc West Projects in Arlington Recognized by D CEO’s 2023 Commercial Real Estate Awards
By Office of Communication
Posted on April 06, 2023, April 06, 2023

Lincoln Square Shopping Center

Two economic development projects in Arlington, the sale of the Lincoln Square Shopping Center and the 112-unit Parc West multifamily development, were among 22 winners announced during D CEO’s 2023 Commercial Real Estate Awards.

Trademark Property Co.’s purchase of the 470,000-square-foot Lincoln Square shopping center and planned redevelopment of the 40-year-old property was named Best Commercial Property Sale. The 45-acre location, at the gateway of Arlington’s Entertainment District, sits at the high-profile southwest corner of Collins Street and Interstate 30. Trademark acquired the shopping center property, which was built in 1983, with plans to convert it into a mixed-use development with office, multifamily, retail and restaurants. The City of Arlington entered into a 30-year public-private partnership with Trademark that requires an investment of at least $150 million into the property in the next six years while also collaborating with local residents and leaders on redevelopment plans. The Arlington City Council agreed to co-invest more than $14 million with the developer in exchange for the investment. The property was marketed nationally by Cushman & Wakefield.

Parc West, developed by OM Housing, was named Best Multifamily Project. OM Housing is redefining affordable housing by merging affordable rents, modern amenities, and green living with its new Parc West property at 751 W. Bardin Road. Not only is it the first National Green Building Standard-certified multifamily project in Arlington, the eco-friendly 112-unit community boasts more than three-quarters of its units as affordable. During initial lease up, the property had a 300% application rate and consistently remains at 98 to 100% occupancy with a robust waiting list. The Arlington City Council approved a resolution of support for the development in February 2019 and Parc West also garnered national recognition with a commendation from the U.S. Senate floor.

Click here to read more about D CEO’s 2023 Commercial Real Estate Awards.

Parc West

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