EASTBANC AND JAMESTOWN SECURE LONG-TERM LEASE FOR LEDBURY IN GEORGETOWN

Well-tailored men’s clothing continues to expand in Georgetown. EastBanc, Inc. and Jamestown LP announced today that Ledbury, the Richmond-based men’s luxury clothing brand, has signed a long-term lease to occupy the retail space in its Georgetown Renaissance property at 3319 Cady’s Alley, NW, located in the central courtyard. The 670-square-foot store will serve as the brand’s first DC showroom with plans for a grand opening slated for late-spring.

Motivated to produce high-quality items, founders Paul Trible and Paul Watson created Ledbury to offer great-fitting, well-made men’s clothing to be worn in any setting, by any generation. Learning from the renowned shirt makers in London, they designed a classic product with subtle innovations, including a lowered second button creating the perfect “V” neckline and a canvassed interlining of the collar keeping it standing tall, to create a timeless-looking oxford. Ledbury clothing is manufactured with quality fabrics from European mills with the help of international artisans. The product line has grown to include men’s sweaters, pants, blazers and accessories, all with the same high-quality standards.

“We have kept our eye on Ledbury for many years and continue a successful track record of providing space for entrepreneurial retailers that understand their market,” says Philippe Lanier, vice president of EastBanc. “I can’t wait to buy my first shirt!”

The new Ledbury retail space will add to the distinctive collection of high-end brands currently found in Cady’s Alley, a retail corner in Washington’s modern fashion, design and lifestyle goods district. The deal is one of many in the recent Georgetown Renaissance leasing activity, including retailers like Kit & Ace, Rent the Runway, Tuckernuck, Calypso St. Barth, Calligaris and Circa Lighting. The Ledbury lease agreement validates Georgetown as a location that supports the evolution of co-locating established brands with emerging talent and modern offerings. Ledbury’s contribution of men’s trend-setting apparel will complement Bonobos men’s clothier located directly across Cady’s Alley.

The EastBanc and Jamestown 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 17 properties in Georgetown and one property in Alexandria, Virginia, and it includes the area commonly referred to as Cady’s Alley. The two companies are working on an additional 30,000 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 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 $9.4 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.