Last April, EastBanc and Jamestown expanded their retail portfolio into the U Street corridor with the purchase of 1250 U Street, NW – an office and retail building located directly above the U Street/Cardozo Metro station on the green and yellow lines.
Last summer, H &pizza opened its first location in the H Street Atlas District with great success. Soon, U Street pizza lovers can walk up to &pizza's counter and choose from traditional, whole-wheat or nine-grain dough with five types of house made sauces and whole-milk mozzarella, freshly prepared daily. Customers can then decorate their pizza pies with a wide range of fresh, locally sourced ingredients compatible with any dietary need. Pizzas are topped and then blast-fired in &pizza's oven, ready to eat in minutes.
“Primed to satisfy cravings, &pizza will deliver an original and authentic pizzeria concept to the lively U Street corridor,” said Philippe Lanier, vice president at EastBanc. “We are impressed with its popularity on H Street and know it will be a huge success in the highly visited U Street neighborhood that includes numerous eclectic restaurants and retailers.”
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About EastBanc, Inc.
EastBanc, Inc. specializes in the acquisition, redevelopment and management of commercial real estate assets. The firm’s long-term appreciation strategy emphasizes the creation of enterprise value in targeted markets through targeted deployment of investor capital. The cornerstone of EastBanc’s enterprise value strategy incorporates its unique ability to influence sizeable portions of urban streetscape with significant capital upgrades and master-planned leasing. With an emphasis on urban mixed-use investment, EastBanc’s developments include upscale retail, luxury residential, Class A and Class B office and luxury hotel property types. For more information, visit www.eastbanc.com.
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, San Francisco, Washington, D.C. and Boston, Jamestown is a leader in acquisitions and value added management. Over 29 years, Jamestown has generated approximately $8 billion in strategic investments. The company is focused across the risk spectrum with core, core-plus and opportunistic funds in two primary markets: 24-hour cities and Sunbelt regions with strong demographic growth. For more information, visit www.jamestownproperties.com.