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Pentagon Row
This urban lifestyle retail center in Arlington, VA includes several big box retail outlets, a grocery store, smaller retail spaces and restaurants, apartment units and public amenities, such as an outdoor ice rink. With a 943 space underground garage and 242 surface spaces, Colonial worked with Federal Realty Trust to improve income generation, reduce operating expenses and boost financial controls, all within a constrained capital budget. Colonial assumed operations and continued its study of the operation while enhancing revenue capture from surface parking meters and building consensus among tenants for new operating methodologies. Colonial then designed, purchased and installed a new Parking Access and Revenue Control System that has streamlined operations and staffing and allowed for greater control, especially around customer validations.
