EASTBANC AND JAMESTOWN SECURE LONG-TERM LEASE FOR &PIZZA IN HEART OF U STREET CORRIDOR

7565143026_a22af68064
Popular Atlas District Pizzeria Concept Expands to U Street
With Opening of Second Location

Washington, DC – The Atlas District’s popular quick-casual pizzeria restaurant concept H &pizza is making its way to U Street. EastBanc, Inc. and Jamestown announced today that owners Steve Salis and Michael Lastoria have signed a ten-year lease to occupy the 1,300 square foot retail space at 1250 U Street, NW. Using the catchy title from its H Street counterpart, the new location is simply called &pizza and will replace the current occupant, Quiznos, immediately to prepare for the necessary build-out and renovations, with a grand opening slated for mid May. Gary Taubin of Streetsense represented U & Pizza in the deal.

Last April, EastBanc and Jamestown expanded their retail portfolio into the U Street corridor with the purchase of 1250 U Street, NW – an office and retail building located directly above the U Street/Cardozo Metro station on the green and yellow lines.

Last summer, H &pizza opened its first location in the H Street Atlas District with great success. Soon, U Street pizza lovers can walk up to &pizza’s counter and choose from traditional, whole-wheat or nine-grain dough with five types of house made sauces and whole-milk mozzarella, freshly prepared daily. Customers can then decorate their pizza pies with a wide range of fresh, locally sourced ingredients compatible with any dietary need. Pizzas are topped and then blast-fired in &pizza’s oven, ready to eat in minutes.

 “Primed to satisfy cravings, &pizza will deliver an original and authentic pizzeria concept to the lively U Street corridor,” said Philippe Lanier, vice president at EastBanc. “We are impressed with its popularity on H Street and know it will be a huge success in the highly visited U Street neighborhood that includes numerous eclectic restaurants and retailers.”
#   #   #
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
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, San Francisco, Washington, D.C. and Boston, Jamestown is a leader in acquisitions and value added management. Over 29 years, Jamestown has generated approximately $8 billion in strategic investments. The company is focused across the risk spectrum with core, core-plus and opportunistic funds in two primary markets: 24-hour cities and Sunbelt regions with strong demographic growth. For more information, visitwww.jamestownproperties.com.
Advertisements

tell me about it:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s