Properties Leased & Managed
Working at Rappaport
We emphasize a collaborative working environment at Rappaport where departments come together to solve problems and provide best-in-class services for our landlords and tenants. Working here, you’re part of a team of more than 100 professionals, proud of the investments we make in our community, and the commitments we keep with our clients.
Gary D. Rappaport founded The Rappaport Companies on May 31, 1984, by purchasing his first shopping center, Milford Mill, in Baltimore, Maryland.
Following the tumultuous riots of 1967 that devastated Northeast Washington, D.C., Rappaport and J. Gerald Lustine develop H Street Connection through public and private partnership to revitalize the H Street neighborhood most affected.
With 40 limited partners, Rappaport purchases Towers Shopping Center, a 267,000-square-foot regional shopping center in Roanoke, Virginia anchored by Heironimus department store, Woolworth’s and S&S Cafeteria.
The 27-person Rappaport team oversees a management and leasing portfolio of 3 million square feet, and partners with Mulligan & Griffin and GE Capital in the acquisition of the 252,000-square-foot Potomac Festival I in Woodbridge, Virginia.
Rappaport acquires Mount Airy Shopping Center, a value-add property in Mount Airy, Maryland with 14 acres of developable land. The property is repositioned to expand Safeway, create a Walmart location and increase the retail space by approximately 44,000 square feet.
In a joint venture partnership with Lehman Brothers, Rappaport purchases the 230,000-square-foot Worldgate Centre in Herndon, Virginia anchored by Loews Theatres and Marriott.
As Gary D. Rappaport begins serving as Chairman of the International Council of Shopping Centers, Rappaport is selected as lead developer of Skyland Town Center, the planned redevelopment within the blighted retail area of Southeast Washington, D.C.
Rappaport acquires additional interest in the East Coast’s largest retail power center, Fredericksburg’s Central Park, as well as assumes management of the Property Owners’ Association, which includes 2.5 million square feet of retail and office space.
The company’s first development of a shopping center from inception to completion is achieved through Bristow Center, a Harris Teeter-anchored 158,000-square-foot neighborhood center located in Bristow, Virginia.
Rappaport celebrates its 25th anniversary and launches receivership and consulting services for retail REO properties for clients such as CW Capital, Wells Fargo and U.S. Bank.
Gary D. Rappaport authors Investing in Retail Properties, a 17-chapter guide to structuring real estate partnerships as well as sharing capital appreciation and cash flow amongst investors and Rappaport finalizes plans to redevelop H Street Connection.
The Leasing and Management portfolio proliferates to include more than 11 million square feet and over 100 employees across offices in Roanoke, Manassas, Herndon, and McLean, Virginia and Bowie, Maryland.
Spearheading the overall asset success of Village at Leesburg, a 550,000-square-foot town center in Leesburg, Virginia anchored by Wegmans, Rappaport also partners with Principal Real Estate Investors to establish programmatic venture when acquiring retail assets throughout the Mid-Atlantic region.
Whole Foods is secured to enhance D.C.’s H Street Corridor and Rappaport hosts a ground-breaking ceremony for Skyland Town Center with members of the development team alongside the D.C. City Government.
Rappaport earns the Accredited Management Organization (AMO®) accreditation from IREM®, a designation recognizing excellence among real estate management firms, acquires Wellington Station in Manassas, Virginia and completes interior renovations of Worldgate Centre and Central Park Corporate Center.
After 30 years of serving the community, H Street Connection is memorialized for Avec, a 419-unit, LEED-Silver standard mixed-use building with 44,000 square feet of retail, Towers Shopping Center completes its extensive interior renovations and Gary D. Rappaport finalizes the 2nd edition of Investing in Retail Properties.
Investor relations services broaden during the acquisition of Hilltop Plaza, a 185,000-square-foot shopping center in Bowie, Maryland, and Nobu opens after Rappaport earns Washington Business Journal recognition among Best Real Estate Deals for its involvement.
While managing and leasing a portfolio of more than 15.5 million square feet, Rappaport expands and renovates its corporate office in McLean and acquires the majority ownership of Village at Leesburg’s retail component.
Rappaport & WC Smith announces Lidl at Skyland Deal at ICSC RECON.
Avec on H Street N.E. is completed, and Rappaport announces D.C.’s first drive thru Starbucks at Skyland Town Center. Team Rappaport navigates the COVID-19 pandemic as the retail landscape abruptly shifts
Rappaport and WC Smith deliver Phase 1 of Skyland Town Center and break ground on Phase 2. Rappaport completes multi-million dollar renovation and rebrand of Worldgate Athletic Club & Spa. Following the sale of Pointer Ridge Plaza, Rappaport's portfolio grows with additions of Leesburg Plaza and Portsmouth Station.
Rappaport acquires Festival at Bel Air and Potomac Festival I and celebrates the grand opening of Lidl at Skyland Town Center, bringing the community to the center with a Fall Block Party.