EastBanc and Jamestown Secure Long-Term Lease For Leading Women's Multi-Brand Retailer: Intermix

Chic Apparel Retailer Complements Fashion and Design Blend of Georgetown Renaissance Portfolio
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District of Columbia - District of Columbia - US


May 18, 2012 - PRLog -- Washington, DC – EastBanc, Inc., the DC-based commercial and residential real estate investment and development firm, and Jamestown, a leading real estate investment and management firm, announced today that Intermix, the high-end women’s clothing boutique, has signed a long-term lease to occupy the corner retail space in its Georgetown Renaissance property at 3300 M Street, NW.  The 2,679-square-foot retail space is a prime corner commercial property, which borders Cady’s Alley and is an entry into the fashionable Georgetown Design District.
   Intermix is relocating from 3222 M Street, NW to a more spacious location, reaffirming both its commitment to Georgetown and the neighborhood’s status as Washington’s premier retail destination. The women’s apparel company is a multi-brand fashion retailer that offers a curated, well-edited mix of on-trend clothing and accessory options that represent the finest combination of emerging and established designers. Intermix, represented by RKF, will replace the current occupant, Thos. Moser, later this summer.
   Located on the corner of M and 33rd Streets, NW, Intermix will enrich the extensive collection of distinguished designer brands currently located in Cady’s Alley, rounding out the retail quarter as Washington’s epicenter of modern fashion, design, furnishing and lifestyle goods. The Intermix deal comes on the heels of a recent surge of Georgetown Renaissance lease activity, including sophisticated retailers like CB2, Babette, The North Face, City Sports and West Elm. The Intermix relocation solidifies the westward movement in Georgetown of deluxe lifestyle offerings and will complement Relish as a luxury fashion tenant.
       “Cady’s Alley is a vibrant retail community and arguably DC’s fashion and design ground zero,” said Anthony Lanier, president of EastBanc. “Securing Intermix delivers one of the nation’s top fashion-forward women’s apparel stores to the quarter and we are pleased to have them within the distinctive urban village that comprises our properties.”
       EastBanc and Jamestown’s Georgetown Renaissance portfolio, which includes Cady’s Alley, is a unique collection of high-end retail properties in one of Washington, DC’s premier retail locations. The portfolio also includes boutique office space and 16 luxury rental apartments. Georgetown Renaissance consists of more than 300,000 square feet across 17 properties in Georgetown and one property in Alexandria, Virginia. The two companies are working on an additional 30,000 square feet of new leases in Cady’s Alley.
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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.

About Jamestown
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, San Francisco, Ca. and Washington, D.C., 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 territories with strong demographic growth. For more information, visit www.jamestownproperties.com.

About Intermix
Established in 1993, INTERMIX (www.intermixonline.com) is a multi-brand fashion retailer with a compelling and unique point of view.  Its 27 boutiques across the country and e-commerce site offer a curated mix of on-trend, irresistible pieces, celebrating each customer’s personal sense of style with an intimate, individualized approach.  The well-edited assortment focuses on the most exciting fashion trends and the finest mix of emerging and established designers.  

INTERMIX is regarded for its philosophy of mixing fashionable pieces in unexpected ways, offering the most coveted designers and sought-after styles from the industry’s best brands.  In addition to its vast array of seasonal must-haves, INTERMIX sets itself apart by offering exclusive designer product in a broader range than any other retailer.  

Shop Intermix for an edited collection of the season's best fashion statements to inspire, explore and create your personal style. Designers include: ALC, Yigal Azrouel, Yves Saint Laurent, Brian Atwood, Chloe, DVF, Elizabeth & James, Missoni, Helmut Lang, Herve Leger, J Brand, Giuseppe Zanotti, Proenza Schouler, Rag & Bone, Fendi, Stella McCartney, Theyskens, Jimmy Choo, Mulberry, Thakoon, and many more!
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Tags:EastBanc, Jamestown, Intermix
Industry:Real Estate
Location:District of Columbia - District of Columbia - United States
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