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Leap brings its omnichannel retail platform to the DC market, opening stores for 5 brands in Georgetown and Tysons
WASHINGTON–(BUSINESS WIRE)–Rohrer Realty Partners, LLC (Rohrer), a Virginia-based commercial real estate firm, today announced the signing and pending opening of five popular retailers in the DC market. By partnering with Leap, a modern brand retail platform, Rohrer Realty Partners is helping bring some of the most iconic brands to Georgetown and Tysons.
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By partnering with Leap, a modern brand retail platform, Rohrer Realty Partners is helping bring some of the most iconic brands to Georgetown and Tysons. (Photo: Business Wire)
“We are honored to work with Leap on their entry and rapid expansion into DMV,” said Tucker Crockett, Principal, Rohrer Realty Partners. “The brands on Leap’s platform have all garnered an incredible following, and we’re excited that the DMV community will now have the opportunity to experience these brands in person.”
Leap establishes and operates stores for brands such as Naadam, Something Navy, ThirdLove, Mack Weldon, Lunya, Birdies, Ring Concierge, Malbon Golf, Hanky Panky and many more in a number of US markets and continues to expand its category capabilities into a broader one Assortment – from clothing and shoes to accessories, jewellery, lingerie and homeware. For 2022, Leap has already announced $50 million in Series B funding and expansion into five new markets, including Washington DC.
“Rohrer played a key role in building our network of local retail stores. Our decision to expand into DC is based on a number of factors, including our proprietary platform data sourced from our existing network of stores and registered brands, as well as external factors such as the availability of premium retail space and the latest trends in both local and including in tourist traffic,” added Rebecca Fitts, associate vice president of real estate at Leap. “DC is a high traffic and affluent region with buyers interested in a wide range of products and lifestyles. We see a tremendous amount of opportunity and are excited to bring these amazing modern brands to DC buyers.”
New on the market
Georgetown: Hobo Bags, 1265 Wisconsin (expected opening October)
Georgetown: Little Words Project, 1246 Wisconsin (expected opening October)
Tysons: Third Love, Tysons Corner Mall (expected to open in September)
Georgetown: Naadam, 3003 M Street (expected opening October)
Georgetown: Rent the Runway, 3222 M Street ‘Georgetown Park’ (expected opening in September)
“Both the Georgetown and Tysons areas were natural targets to target from a real estate perspective – Georgetown space is hard to come by in today’s market and with its proximity to local universities and residents, all digitally native brands want to be there ‘ said Tucker Crockett. “The growth and existing plans for Tysons Corner Center are also exciting for the next generation of brands looking to expand into the non-stop office, retail and residential market.”
According to the Georgetown BID, Georgetown’s commercial real estate market includes over 5.5 million square feet of retail and office space in over 450 buildings with approximately seven significant developments in the area.
Tysons Corner Center is also amid plans to expand the mall’s anticipated Phase 2 expansion to include an overhaul of the old Lord & Taylor store and remains a hub for major offices, retailers and residents.
Leap worked closely with Rohrer to lease the above locations to build a network of store locations for the brands on its platform, where it provides a full turnkey retail solution that allows brands to quickly set up stores compliant with the e- Commerce work together at significantly reduced cost and risk. Today Leap operates 65 stores with more than 50 brands on the Leap platform. And trending with data from Coresight Research reporting a net gain of more than 49 million square feet of new retail space in 2022 with 4,432 new store openings versus 1,954 store closures, Leap continues to expand rapidly in both existing and new markets like Washington DC , Philadelphia, Boston and Greenwich to name a few.
Rohrer works with tenants across the retail and office sectors to find properties in the best location for their needs, while also helping landlords shape and develop their tenant mix and local communities. In addition to leasing, Rohrer also manages a portfolio of commercial office/medical buildings in Northern Virginia.
About Rohrer Realty Partners
Rohrer Realty Partners (Rohrer) is a Northern Virginia-based commercial real estate company serving DC, Maryland and Virginia specializing in both commercial real estate leasing and management. Rohrer is proud to bring a unique lifestyle perspective to the company with nearly two decades of experience across a variety of industries. Driven by deep industry relationships, Rohrer is both meticulous about details and creative about solutions. Visit www.rohrerpartners.com
Leap is building the world’s largest network of branded retail stores – powered by data, technology and scale. Leap’s platform enables brands to set up stores that work with e-commerce faster and at significantly lower cost and risk. Brand Stores powered by Leap bring modern brands to life with compelling, immersive customer experiences and operations driven and informed by millions of data points. Learn more about Leap’s platform and the brand stores Leap supports at http://leapinc.com.
Source: Rohrer Realty Partners, LLC