Eastbanc, Jamestown, & Acadia Secure Long-Term Lease for Duxiana in Georgetown

Washington, DC – A great night’s sleep awaits in Cady’s Alley. EastBanc, Inc., Jamestown LP, and Acadia Realty Trust announced today that DUXIANA, the premier luxury bed retailer from Sweden specializing in sleep technology, has signed a long-term lease to occupy the retail space in their Georgetown Renaissance Portfolio at 3307 Cady’s Alley, NW. With over 88 stores worldwide, the 2,072-square-foot store will serve as the brand’s first DC showroom with plans for a grand opening slated for this December. Ken Houchhauser and Lee Block of Winick Realty Group represented DUXIANA in the deal.

Since 1926, DUXIANA has worked to manufacture the world’s most comfortable beds. DUX® High Performance Sleep Systems are the result of nine decades of research and testing. At the core of each DUX mattress is a set of springs precisely calibrated to accommodate all sizes, shapes and weights, ensuring users a good night’s rest. The DUX bed even has customizable components, offering more or less support in certain areas and allowing the user to switch out spring bases to replace or upgrade their products as mattress technology improves. At the DUXIANA showroom, users can improve the quality of their entire bedroom, featuring, not only the DUX bed, but also the highest quality headboards, linens and down products.

“Duxiana’s arrival in Cady’s Alley adds to the wide array of home furnishing offerings in Georgetown,” says Philippe Lanier of EastBanc. “In conjunction with our other recent design openings, Duxiana brings Cady’s Alley ever closer to becoming a full-service hub for home goods and décor.”

The addition of DUXIANA to Georgetown will provide DC-area residents the ability to try the DUX bed and its sleep-comfort accessories first hand. The new showroom will complement the many high-end home good and furnishing stores currently located in Cady’s Alley, commonly referred to as Georgetown’s Design District. The deal is one of many in the recent Georgetown Renaissance leasing activity that includes popular home decor brands Resource Furniture, The Shade Store and Design Within Reach’s expanded Cady’s Alley showroom, now open on M Street.

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 10,000 square feet of new leases within the portfolio.

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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

Jamestown, L.P. was established in 1983 as an investment and management company focused on income-producing real estate in the United States. Over the last 33 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $11.8 billion of assets under management as of June 30, 2016. Jamestown’s capabilities include: acquisitions, capital markets, property management, asset management, retail leasing, design, sustainability and risk management. Jamestown has headquarters in Atlanta, GA, and New York, NY and additional offices in 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.