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Jamestown Buys The Ellington in Washington, DC
By: Jamestown, LP
The property is located on 13th Street in the historic U Street neighborhood, which has seen a recent wave of revitalization and development. The neighborhood is considered one of DC's most walkable and is highly amenities and The Ellington is adjacent to the Metro. Built in 2004, The Ellington also includes 16,760 square feet of retail. Existing tenants include Mattress Firm, United Bank, several restaurants, and a wine bar. Jamestown is planning renovations to the common spaces and retail through 2019.
"With The Ellington we are expanding our multi-family footprint into one of DC's most dynamic neighborhoods;
Knownfortheir iconic mixed-used developments including Chelsea Market in New York and Ponce City Market in Atlanta, Jamestown increasingly is investing in multi-family across the country. The acquisition of The Ellington comes after Jamestown purchased 88 Leonard and 2000 Broadway. Additionally, Jamestown has owns and manages rental apartments at Ponce City Market and on Newbury Street in Boston.
TH Real Estate was represented by Eastdil.
Jamestown,L.P.wasestablishedin 1983asan investmentandmanagementcompanyfocusedon income-producingreal estateintheUnitedStates.Overthelast35years,Jamestownhasexpan