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EastBanc and Jamestown Secure Long-Term Lease for Calligaris in Cady's Alley
Contemporary Home Furnishings Retailer to Relocate from Friendship Heights to Georgetown
Created by the late Antonio Calligaris in 1923, the brand has transformed from an Italian wooden and hand woven chair business, to an international furniture retail brand producing everything from chairs to sofas to beds. The contemporary brand is built off of the Italian Smart Design philosophy: design products that are not only beautiful and artfully crafted, but also ergonomic, versatile, and designed to simplify everyday life. The brand is functional, but contemporary and can fit into a variety of home furnishing styles. Calligaris has more than 400 retail partners throughout the world, including more than 70 mono-brand stores in major cities including Rome, Paris, London, Beijing, New York, Miami and Toronto.
The new Calligaris retail space is a prime commercial property in Georgetown’s M Street corridor and nestled in the heart of Cady’s Alley. Enhancing the growing collection of distinguished designer brands currently located in the EastBanc/Jamestown Georgetown Renaissance portfolio, the furnishings retailer will join the abundant collection of upscale home brands in Washington’s Design District, including Contemporaria, Donghia, Design Within Reach, Baker Furniture, Boffi - Maxalto, and Bulthaup. The Calligaris deal also continues to add to the sophisticated lifestyle offerings in Cady’s Alley and will complement current fashion retailers such as Steven Alan, Bonobos, Babette, Intermix and Calypso St. Barth along M Street.
“We’re excited to bring another leading international design retailer to the Georgetown Design District,” says Philippe Lanier, EastBanc principal. “The array of showroom and retail design furnishing tenants, coupled with more than 250 parking spaces across the street make Cady’s Alley one of the most comprehensive and convenient locations for interior design.”
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.
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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.
Jamestown was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 31 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $7.3 billion of assets under management. Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown employs more than 230 professionals in the United States, with headquarters in Atlanta, GA, and New York, NY and additional offices in Washington, DC, Boston, MA and San Francisco, CA. For more information, visit www.jamestownlp.com.
About Georgetown Renaissance Portfolio
The EastBanc and Jamestown Georgetown Renaissance portfolio features international and local home furnishing retailers as well as trendy boutiques, along with the popular Kafe Leopold restaurant nestled in the Cady’s Alley central courtyard with indoor and outdoor seating. Cady’s Alley, frequently called the Georgetown Design District, is a truly unique design-focused shopping destination within an entire city block of Washington’s historic Georgetown neighborhood. Retail showrooms feature lofted ceilings, glass and steel walls and stairs, exposed brick, and dramatic skylights. The retail corridor also includes the chic L2 Lounge, a prominent evening establishment, and a quaint pedestrian-friendly alleyway, accessible from 33rd, 34th and M Streets, NW.
Page Updated Last on: Jul 24, 2014