EASTBANC AND JAMESTOWN SECURE LONG-TERM LEASE FOR THE SHADE STORE IN GEORGETOWN

Washington, DC – A design showroom along the M Street corridor of Cady’s Alley is rolling up its shades. EastBanc, Inc. and Jamestown LP announced today that The Shade Store, a leading resource for custom window treatments, has signed a 10-year lease to occupy the retail space at 3324 M Street, NW. The 3,005-square-foot store will feature interactive product displays and will serve as the brand’s first DC showroom with plans for a grand opening slated for September 2016. Jason Flippo of CBRE represented The Shade Store in the deal.

The Shade Store is a third generation, family owned business that offers a huge selection of over 900+ materials for Roller Shades, Solar Shades, Drapery, and Roman Shades. Each of The Shade Store’s materials are handcrafted by skilled artisans in workrooms around the country and everything is hung and tested for quality assurance. Through their partnership with Kravet, The Shade Store offers consumers access to fabrics from designers like Jonathan Adler, Jeffrey Alan Marks, and Diane von Furstenberg in addition to an exclusive collection developed in collaboration with The Novogratz. To provide a seamless experience, The Shade Store employs a network of measure and installation professionals to ensure satisfaction with orders shipping in 10 days or less.

“After many years in discussion, The Shade Store and our partnership have finally found an opportunity to welcome the quality and service in home furnishings this storeroom provides,” said Philippe Lanier, vice president of EastBanc. “The Shade Store will complement the collection of design showrooms and retailers currently found in Cady’s Alley.”

The new Shade Store retail space will add to the extensive collection of distinguished home furnishing brands currently found in Cady’s Alley, upholding the retail locale as Washington’s epicenter of upscale fashion, design, furnishing and lifestyle goods. The deal is one of many in the recent EastBanc/Jamestown Georgetown Renaissance leasing activity that includes home retailers such as Resource Furniture, Donghia, Calligaris and Circa Lighting as well as fashion brands Ledbury, Bonobos and Rent the Runway. The Shade Store lease agreement rounds out the collection of home design retailers in Georgetown’s Design District, making it the optimal shopping quarter for all sophisticated home décor needs.

“Washington D.C. has always been a successful market for us and has been at the top of our list as we continue to expand our showroom presence. Georgetown is the perfect place for our brand,” said Ian Gibbs, Co-Founder and Creative Director of The Shade Store.

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 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 33 years, Jamestown has expanded into a national, vertically integrated real estate operator with approximately $11.1 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 Georgetown’s 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.

About The Shade Store

The Shade Store is a family-run, custom window treatment company with a rich heritage in luxury textiles and interior design. Its exclusive collection of more than 900 fabrics and materials provides customers with an unparalleled level of style and customization options. Every window treatment is handcrafted by a skilled artisan, hung and tested for quality assurance and ships free in 10 days or less. The Shade Store offers a complete range of design services for consumers and design-trade clientele, including free swatches, photo rendering services and a national network of professional measure and installation experts. The Shade Store has showrooms nationwide. Additionally, The Shade Store is an advocate for environmental sustainability and for every purchase made the company provides the ‘gift of shade’ by planting a tree in partnership with the Arbor Day Foundation. For more information on The Shade Store, please visit http://www.theshadestore.com.