H&M signs lease in Silver Spring

H&M has been busy in the Washington market.

The retailer, which just last week signed a lease for Chevy Chase Pavilion, is now headed to Silver Spring. The hip clothing store will take over 18,000 square feet of a former Borders location in The Peterson Cos.’ Downtown Silver Spring development, on the corner of Fenton Street and Ellsworth Drive.

Downtown Silver Spring is owned by Peterson Cos, Foulger-Pratt Cos. and ARGO Investment Co.; Peterson manages and leases the development. It is now 93 percent leased with this latest deal.

H&M has been scouting several Washington-area sites with Cushman & Wakefield Inc. broker Dave Dochter.

The Silver Spring store will open in September.

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