Rappaport Selected to Lead Downtown Silver Spring Leasing

The retail leasing mandate for the 440,000-square-foot Downtown Silver Spring development has been assigned to Rappaport.

Updated on Nov. 4, 2026 in Commercial

Photograph of an empty brick mixed-use storefront row with clean glass and a concrete sidewalk under soft overcast daylight. — Rappaport was selected to lead retail leasing at the 440,000-square-foot Downtown Silver Spring development, where Mike Howard and Susan Bourgeois will represent the property. AI Illustration. Upload story photo >

Rappaport was selected to lead retail leasing at Downtown Silver Spring, a 440,000-square-foot development at Ellsworth Drive and Fenton Street. Leasing executives Mike Howard and Susan Bourgeois will represent the property.

Why it matters

The development has several second-generation retail and restaurant vacancies, with available space ranging from 1,708 to 5,524 square feet. The leasing assignment bears on how those spaces are filled in a center that attracts more than 5.4 million annual visits.

The development totals 440,000 square feet and draws more than 5.4 million annual visits, with 171,833 people in the daytime population and 416,877 total residents within a 15-minute drive. Available vacancy ranges from 1,708 to 5,524 square feet, and the source does not specify which tenants will occupy those spaces.

The players

Rappaport

Rappaport is a McLean, Virginia-based commercial real estate firm that provides leasing, development and management services for retail and mixed-use properties.

Foulger Pratt

Foulger Pratt is a Potomac, Maryland-based real estate development and management firm that co-owns Downtown Silver Spring and recently took over its management.

The details

Rappaport will handle retail leasing at Downtown Silver Spring, co-owned by Foulger Pratt, Peterson Companies and ARGO Investment Company. Foulger Pratt assumed management of the development from Peterson in January.

January: Foulger Pratt assumed management of the development from Peterson.
November 4, 2026: Rappaport's selection to lead retail leasing was announced.

Market Landscape

The leasing mandate comes after a management handoff within a three-owner structure, a pattern common to large suburban mixed-use centers that depend on steady tenant turnover. Filling second-generation vacancies at a 440,000-square-foot center is central to sustaining its visitor traffic.

Shoppers and diners visiting Downtown Silver Spring may see new tenants such as Chido's Tex-Mex Grill and Top Pot Hot Pot & K BBQ as leasing progresses. The leasing effort targets vacant retail and restaurant spaces that currently affect the center's tenant mix.

The takeaway

Rappaport's leasing mandate signals that Downtown Silver Spring is actively working to fill its vacancies, which may shape the center's tenant mix in the coming months.