WASHINGTON,D.C., [January 28, 2025] –– Jamestown, a design-focused real estate investment and management firm, today announced it has sold its stake in the Georgetown Renaissance Portfolio, a signature retail and residential collection, to co-owner Acadia Realty Trust. The portfolio consists of more than 318,000 square feet, distributed across 22 buildings in Washington, D.C.’s Georgetown neighborhood and Alexandria, Virginia.

"Georgetown has undergone a remarkable transformation over the past decade, evolving into a destination for design-driven retail,” said Michael Phillips, President of Jamestown. “The Georgetown Renaissance Portfolio exemplifies this shift, having become an integral part of the neighborhood's distinctive retail ecosystem."

In addition to retail, The Georgetown Renaissance Portfolio includes boutique office spaces and apartments amid one of the most vibrant areas of the Washington, D.C. metro area. Jamestown acquired its stake in the Georgetown Renaissance Portfolio in 2011. The portfolio is now home to a number of premium retail and design brands such as B&B Italia, Poliform, Molteni, Lululemon, Patagonia, and Design Within Reach.

Jamestown has invested in the Washington D.C. Metro area for decades and continues to own and manage several properties in the area, including the neighboring Georgetown Park, a 325,000 square-foot mixed-use property situated between Georgetown’s two Main Streets and the historic C&O Canal. Beyond Georgetown, Jamestown owns America’s Square, a two-building office complex located one block from the U.S. Capitol, One Metro Center, an office building in the East End, The Ellington, a residential property in the Shaw neighborhood at 14^th and U Streets, and Ballston Exchange, a two-building office and retail complex in the heart of Ballston in Arlington, Virginia.

Beyond iconic adaptive reuse projects like Chelsea Market in New York and Ponce City Market and Atlanta, Jamestown is known for unique retail destinations including Georgetown Park, Buckhead Village District in Atlanta, and Ghirardelli Square in San Francisco.

Eastdil Secured represented Jamestown in the transaction.

About Jamestown

Jamestown is a design-focused, vertically integrated real estate investment manager and service provider with over 40 years of experience and a mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions exceeding $40 billion. As of December 31, 2024, Jamestown has assets under management of $14.2 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 650 people worldwide with 12 global offices, including headquarters in Atlanta and Cologne. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Buildings in Boston and Lisbon, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com.