EastBanc, Jamestown & Acadia Secure Long-Term Lease for Brilliant Earth in Georgetown

Washington, DC – Sparkle and shine is coming to Cady’s Alley. EastBanc, Inc., Jamestown LP, and Acadia Realty Trust announced today that Brilliant Earth, the leading retailer of ethically sourced bridal and fine jewelry, has signed a long-term lease to occupy the retail space in its Georgetown Renaissance property at 3332 Cady’s Alley, NW. The brand’s first DC location will house a 2,500 square foot showroom, scheduled to plans open in early April 2017. Jonathan Harms and Jake Rueben of Cresa Washington DC represented Brilliant Earth in the deal.

Since its start in 2005, Brilliant Earth has been dedicated to cultivating a more ethical, transparent and compassionate jewelry industry. Brilliant Earth pairs ethical sourcing with high-quality craftsmanship and unique designs, demonstrating that fine jewelry need not come at great human or environmental cost. They offer an extensive collection of engagement rings, wedding rings, and fine jewelry exquisitely handcrafted from recycled precious metals and set with ethically sourced diamonds and gemstones that adhere to strict labor and environmental standards. In addition to fair sourcing practices, Brilliant Earth is committed to initiating change in the jewelry industry, donating five percent of profits to help communities impacted by the jewelry trade build a brighter future. With showrooms in San Francisco, Los Angeles, Boston, Chicago and San Diego, Brilliant Earth is expanding their reach by adding their first DC store to the region’s fashion and design capital, Georgetown. Showroom hours will be Friday – Tuesday, 10am to 7pm, by appointment.

“Brilliant Earth represents fashion-forward luxury and a socially conscious approach to retail,” says Philippe Lanier of EastBanc. “Cady’s Alley is home to the best in class, so we think this is the perfect fit for the high-end jewelry brand.”

The new Brilliant Earth retail space will add to the collection of high-end fashion lines currently found in Cady’s Alley, a retail corner in Washington’s epicenter of upscale fashion, design, furnishing and lifestyle goods. The deal is one of many in the recent Georgetown Renaissance leasing activity that includes luxury fashion retailers Ledbury, Rent the Runway, Intermix, Bonobos and popular home goods brands, Resource Furniture, The Shade Store, Circa Lighting and Design Within Reach.

The Georgetown Renaissance portfolio is a 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 18 properties in Georgetown and one property in Alexandria, Virginia, and it includes the area commonly referred to as Cady’s Alley. The three partners are working on an additional 15,000 square feet of new leases within the portfolio.

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About Brilliant Earth

Brilliant Earth is the leading global retailer of responsibly sourced fine jewelry and a leading e-commerce jeweler. Founded in 2005 by Beth Gerstein and Eric Grossberg, Brilliant Earth is dedicated to creating exquisite fine jewelry while cultivating a more ethical, transparent, and compassionate jewelry industry. Each piece is handcrafted from recycled precious metals and set with beyond conflict free diamonds and colored gemstones that meet the highest standards of social and environmental responsibility. Additionally, Brilliant Earth donates five percent of its profits to help communities impacted by the jewelry trade build a brighter future. For more information on Brilliant Earth or to browse full collections, please visit: www.BrilliantEarth.com.

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 LP

Jamestown LP 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 $11.6 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 Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - core and fund - operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.

About Georgetown Renaissance Portfolio

The 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.