9:00 AM
Canadian outdoor brand Arc’teryx will open its first East Coast location, and fourth in the U.S., in CityCenterDC, downtown Washington, D.C.’s new, vibrant mixed-use development. Newmark Grubb Knight Frank Retail Senior Managing Director Edward Goldmeier and Managing Director Matthew Cooper represented the retailer in the transaction.
“We aspire to expand into North American cities that reflect the active, adventurous and discerning lifestyle that our company encourages,” said Adam Ketcheson, vice president and senior director of marketing and business-to-consumer at Arc’teryx. “We believe Washington, D.C., residents share that ethos for quality and craftsmanship, while the city is proximate to some of the best outdoor experiences the East Coast has to offer.”
Arc’teryx plans to open its 3,100-square-foot store in CityCenterDC on the corner of H and 11 Streets NW on Dec. 13, just in time to introduce its urban outdoor line “24 City Life” that includes its women’s Yola and Nuri coats and its men’s Therme Parka. The neighboring retailers include the German fashion label BOSS, the iconic Great Britain-based Burberry and the French handbag maker Longchamp. Hermès, Louis Vuitton and David Yurman have recently signed leases at the development.
“We greatly appreciate the trust Arc’teryx put in our knowledge of the market,” said Mr. Goldmeier. “CityCenterDC is a unique locale that attracts both tourists, residents and daytime office workers and serves as a perfect backdrop for our client’s debut on the East Coast.”
CityCenterDC is a transit- and pedestrian-oriented urban development in the heart of Washington, D.C. Developed by Hines and Qatari Diar to Gold LEED standard, the 10-acre project begun in 2011 will, upon completion, feature 295,000 square feet of retail, 674 condos and apartments, 515,000 square feet of office space, 350 hotel rooms and ample public space. It is conveniently located near the area’s most visited cultural destinations, two of the city’s busiest Metro stations and the convention center.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.