Penn Branch Center is a retail and office development prominently situated at the intersection of Pennsylvania Avenue and Branch Avenue, SE, in the sought-after Hillcrest community. Rated one of Washingtonian magazine's "Best Places to Live," Hillcrest is an attractive urban neighborhood with an average household income of more than $75,000 in the area within a quarter-mile radius of the center. Current tenants include Wachovia Bank, CVS Pharmacy, and several District of Columbia government agencies, including the Department of Motor Vehicles.
Recognizing the potential for expanding this popular commercial property, set along a main commuter route to the City that sees approximately 48,000 cars a day along the two major roadways, ICG Properties has embarked upon a major redevelopment that will enhance and expand the retail and office space and add a residential component. New signage and streetscape improvements are also planned.
Office - 86,000 sf
Retail - 76,000 sf
Residential - 74,000 sf