Peninsula Town Center
Hampton, Virginia
Regional Market / Submarket: Hampton/Newport News, Virginia
Year Built: 2010
Gross Leasable Area: 1.1 million square feet
Retail Square Footage: 865,770 square feet
Office Square Footage: 131,811 square feet
Residential Units: 158
Key Tenants: Macy’s, JCPenney, Target, Barnes & Noble, Cinebistro, Victoria’s Secret, Chico’s, Hollister, Aeropostale, The Limited, Express, New York & Company, Gymboree, Kay Jewelers, Bath & Body Works, H&M, Forever 21, J.Jill, Build-A-Bear Workshop, Abuelo’s Mexican Restaurant, The Greene Turtle Sports Bar & Grille, Hayashi Sushi & Grill and bd’s Mongolian Grill.
Peninsula Town Center is a 1.1 million square foot mixed-use shopping center located in Hampton, Virginia, featuring retail, restaurants, entertainment, 115,100 SF of office space and 158 residential units. Peninsula Town Center opened in Spring of 2010 to rave reviews on the site of the former Coliseum Mall. The center’s mid to upscale varied tenant mix, park-like town square and fountain have made this a prime destination for the more than 880,000 residents within 30 minutes of this one-of-a-kind retail destination. Located just off I-64 and surrounded by a mid-density, multi-family residential neighborhood, Peninsula Town Center is situated at the center of Hampton’s commercial hub. The property has excellent access to interstate highways, airports, railways and the Port of Hampton Roads.
About the Trade Area:
The center draws from the entirety of Hampton Roads (Norfolk-Virginia Beach-Newport News) -- the largest Metropolitan Statistical Area (MSA) between Washington, DC and Atlanta and the fifth largest MSA in the Southeast of the United States. The local economy is dominated by the world’s largest Naval Base, the East Coast’s third busiest trade port and a diversified tourist industry.
Sixty-five major employers including NASA, Northrop Grumman, Langley Air Force Base, Christopher Newport University, Hampton University, and Sentara are located within 15 miles of Peninsula Town Center and a new, state-of-the-art convention center across the street is projected to draw more than 300,000 annual visitors.