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For Lease

Lakeforest Mall - Redevelopment - Retail

701 Russell Avenue, Gaithersburg, MD 20877

228,000

SF Available

Rental Details

  • Number of spaces 26
  • Total square feet available 228,000 SF
  • For Lease Contact for pricing
  • Space Types Restaurant, Retail, Medical Office
  • Date Updated Apr 24, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 26 Spaces Available

Block B #B1

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 6,000 SF
  • Divisible Space 6,000 - 6,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor. 

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B101

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,250 SF
  • Divisible Space 1,250 - 6,800 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B102

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,150 SF
  • Divisible Space 1,150 - 6,800 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B103

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,650 SF
  • Divisible Space 1,650 - 6,800 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B104

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 15,000 SF
  • Divisible Space 15,000 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B105

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,950 SF
  • Divisible Space 1,950 - 6,200 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B106

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 1,700 SF
  • Divisible Space 1,700 - 6,200 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B107-8

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,550 SF
  • Divisible Space 2,550 - 6,200 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B2

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 6,000 SF
  • Divisible Space 6,000 - 6,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B3

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 8,000 SF
  • Divisible Space 8,000 - 8,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

 

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD

broker
Brian Greene

Heritage Partners

Block B #B4

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 10,000 SF
  • Divisible Space 10,000 - 10,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block B #B5

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 2,750 SF
  • Divisible Space 2,750 - 6,800 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Ground Floor.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C #02

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 40,000 SF
  • Floor 3
  • Divisible Space 40,000 - 40,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C #03

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 60,000 SF
  • Floor 3
  • Divisible Space 60,000 - 60,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD  

broker
Brian Greene

Heritage Partners

Block C 1st Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 30,000 SF
  • Floor 1
  • Divisible Space 30,000 - 30,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Fitness Center.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 10,000 SF
  • Floor 2
  • Divisible Space 10,000 - 10,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Fitness Center.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,600 SF
  • Floor 2
  • Divisible Space 2,600 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Credit Union.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Restaurant
  • Lease Rate Contact for pricing
  • Total Space Available 3,000 SF
  • Floor 2
  • Divisible Space 3,000 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Pizza.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 4,200 SF
  • Floor 2
  • Divisible Space 4,200 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Hair Salon.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,600 SF
  • Floor 2
  • Divisible Space 2,600 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

apparel 

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,600 SF
  • Floor 2
  • Divisible Space 2,600 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Jewelry.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,100 SF
  • Floor 2
  • Divisible Space 2,100 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Dry Cleaners.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,100 SF
  • Floor 2
  • Divisible Space 2,100 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Pack & Ship.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 2,600 SF
  • Floor 2
  • Divisible Space 2,600 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Massage/Chiropractor

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Medical Office
  • Lease Rate Contact for pricing
  • Total Space Available 3,200 SF
  • Floor 2
  • Divisible Space 3,200 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Dentist.

broker
Brian Greene

Heritage Partners

Block C 2nd Floor

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 5,000 SF
  • Floor 2
  • Divisible Space 5,000 - 15,000 SF
  • Available Date Immediate
  • Renewal Option Yes
  • Sublease No

Nail Spa.

39.2K VPD   32K VPD  17K VPD 13K VPD 61K VPD 104.4K VPD 

broker
Brian Greene

Heritage Partners

Contacts

broker
Terry Richardson

Heritage Partners

broker
Brian Greene

Heritage Partners

broker
Mary Dufour

WRS Real Estate Investments

Building Details

  • For Lease Contact for pricing
  • Property Type Retail - Super Regional Mall
  • Property Size 470,000 SF
  • Lot Size 94.1 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 24, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (67)
  • Transit Score ®

    Good Transit (53)
  • Bike Score ®

    Bikeable (57)
Powered by Walk Score ®

Location

  • City Gaithersburg, MD
  • Zip Code 20877
  • Market Washington DC Suburban Maryland

Points of Interest

Shady Grove

3.17 miles

Germantown

3.80 miles

West Entrance

5.72 miles

Rockville

5.75 miles

Shell

0.41 miles

Sheetz

0.59 miles

ChargePoint

0.88 miles

Blink

1.02 miles

Tesla Supercharger

1.03 miles

Royal Farms

1.03 miles

Liberty

1.28 miles

BP

1.32 miles

SemaCharge

2.76 miles

200 Lee Street

0.83 miles

Gaithersburg Quince Orchard Road Park & Ride

0.83 miles

Montgomery County Police Impound Lot

0.95 miles

Gaithersburg Diamond Ave. Park & Ride

0.96 miles

112 Olde Towne Avenue

1.02 miles

115 Teachers Way

1.06 miles

Gaithersburg MARC Station Parking

1.07 miles

Metropolitan Grove MARC Station Parking

1.28 miles

Washington Grove MARC Station Parking

1.87 miles

dd's Discounts

0.32 miles

H Mart

0.38 miles

Burlington

0.40 miles

Village Bazaar - Halal Meat & Ethnic Grocery

0.42 miles

Ross

0.48 miles

Weis

0.51 miles

Marshalls

0.51 miles

Giant

0.98 miles

Firstfield Shopping Center

1.05 miles

701 Russell Avenue Listing Summary

  • The Price for Retail Space at 701 Russell Avenue

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 701 Russell Avenue

    Mixed-use buildings combining two or more commercial real estate asset types can have more potential in attracting and retaining retail customers. Commercial space at 701 Russell Avenue offers 25 retail listing(s) totaling 224,800 square feet. Additionally, available space at this property includes 1 office space(s) totaling 3,200 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 19 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 701 Russell Avenue, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. The property includes 6 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

Contact Lakeforest Mall - Redevelopment - Retail
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