CBRE|Hampton Roads to lease Summit Pointe, a new mixed-use development in Chesapeake
- April 18, 2018
Summit Pointe Realty LLC announced Wednesday that it has selected CBRE|Hampton Roads to lease the office and retail components of Summit Pointe, a new public/private $300 million mixed-use development in the Greenbrier area of Chesapeake.
According to Summit, CBRE will provide development consultation and leasing services for Class A office space and retail and restaurant space. Summit Pointe is currently zoned for 1 million square feet of office space and 500,000 square feet of retail space.
The announcement of CBRE's selection follows the recent announcement of the selection of Drucker and Falk in Newport News for the residential apartment leasing and management of Summit Pointe.
Summit Pointe includes the world headquarters expansion of Dollar Tree Inc., a Fortune 500 discount retailer. The company’s new high-rise office tower is currently under construction with completion expected this summer. The 510,000-square-foot building will be the tallest office tower in Chesapeake, with visibility from Interstate 64. An adjacent parking deck with free public parking will have about 1,500 spaces.
Adjacent to Dollar Tree's building will be restaurants and stores that Summit said would be unique to the area. "Summit Pointe will provide high-quality and new-to-market retail experiences for both coastal Virginia residents and Dollar Tree employees," Chris Read, director of retail services for CBRE, said in a statement.
The Class A office space will have about 150,000 square feet and will complement Dollar Tree's headquarters. "The vision is to create a one-of-a-kind experience for Dollar Tree's employees as well as for the community at large,” Perry Frazer, managing director, CBRE, said in a statement. “Summit Pointe will attract residents, office tenants, and retailers because of its central location in the region and its convenient access to the interstate system.”
When the urban lifestyle community was announced in February, Chesapeake Mayor Rick West referred to it as “the beginning of a new downtown in Greenbrier for Chesapeake."