Jamestown Signs Seven New Tenants at its Newbury Collection Portfolio Totaling over 13,000 Sq. Ft.
December 20, 2012
BOSTON (December 20, 2012) – Jamestown has signed seven recent leases totaling over 13,000 sq. ft. of commercial retail and office space within its Newbury Collection portfolio to close out a successful 2012. The Collection portfolio includes 28 buildings along Newbury and Boylston Streets in Boston’s Back Bay neighborhood, acquired by the firm last fall.
“Our faith in street-level retail as the preferred choice of consumers guided our vision for The Newbury Collection, and recent leases are bringing that vision to fruition,” said Michael Phillips, Chief Operating Officer of Jamestown. “We are proud to announce our new tenants and look forward to continue welcoming local boutique and national retailers that offer a vibrant and dynamic destination for those visiting Newbury Street.”
Jamestown Properties announces the following leases for The Newbury Collection. Mike Jammen of Urban Meritage represented the landlord, Jamestown, in all transactions below.
• No Rest for Bridget, located at 220 Newbury Street, is a women’s clothing and accessories boutique, which signed with Jamestown on October 5, 2012. The company is expected to open March of 2013 and it will represent the brand’s first location outside of Southern California. Ann Ehrhart of Boston Urban Partners represented the tenant in the transaction.
• Oficio, a boutique shared office and networking space, signed with Jamestown on October 20, 2012 for space at 127-129 Newbury Street (Suite 400). This lease enables Oficio to expand on Newbury and accommodate more than 150 staff members. Oficio, whose former location was 20 Newbury Street, is expected to open February of 2013. Bonny Doorakian of NAI Hunneman represented the tenant in the transaction.
• Steven Alan, a multi-brand retail store catering to men and women, signed with Jamestown on September 21, 2012 for space at 172 Newbury Street. This retail location, expected to open April of 2013, will be Steven Alan’s first Massachusetts location. Alissa Bersin of The McDevitt Company represented the tenant in the transaction.
• Benefit Cosmetics, a cosmetics boutique and subsidiary of Louis Vuitton Moet Hennessey (LVMH), signed with Jamestown on July 1, 2012 for space at 154-156 Newbury Street. This will be the San Francisco-based company’s first standalone location in Boston. Sam Hawkey of Boston Urban Partners represented the tenant in the transaction.
• Bonobos Guideshop, an online retailer that promotes “better fitting men’s clothes,” signed with Jamestown in November 2012 for space at 283 Dartmouth Street. The retail store, which opened November 16 of this year, offers appointment-only special fittings and personal styling. The Newbury Collection address is the newest of five Guideshop locations in the U.S. Matt Curtin of The Dartmouth Company represented the tenant in the transaction.
• Nau, an eco-friendly, international outdoor clothing company, signed with Jamestown in October 2012 for space at 328 Newbury Street. This location, which is the company’s only Boston retail store, opened November 1 and will serve as a pop-up retail shop through January 31, 2013. Jonathan Dutch of Boston Urban Partners represented the tenant in the transaction.
• Ball and Buck, a lifestyle brand and retailer built for “sporting gentlemen,” signed with Jamestown on March 26, 2012 for its first brick-and-mortar location at 144B Newbury Street. The retail store, which opened April 1, 2012, also features an active barbershop.
The Newbury Collection represents the flourishing commercial property submarket in Boston’s Back Bay. Jamestown has invested approximately $4.8 million in new development and ongoing projects on Newbury Street to enhance retail activity in the city’s most affluent shopping district. Since Jamestown’s purchase last fall, the tenant occupancy on Newbury Street has increased seven percent.
About Jamestown Properties:
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, Boston, Ma., San Francisco, Ca., and Washington, D.C., 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 markets with strong demographic growth. For more information, visit www.jamestownproperties.com.