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EastBanc fills one of its most prominent M Street vacancies

Key story highlights:

EastBanc has landed Canadian retailer Aritzia for the former BCBG space on M Street.
The landlord is taking a creative approach to lease deals to address the tough retail market. In this deal, it will only pay tenant improvements if Aritzia decides to extend its lease for 10 years.
Aritzia sells womenswear that ranges between $60 and $200 per item.

EastBanc is plugging one of its biggest holes in Georgetown: The former BCBG boutique at 3210 M St. NW will become the first D.C.-area location of Aritzia. 

The Canadian women’s clothier with more than 80 stores in Canada and the U.S. has leased the 5,000-square foot, two-level store near Wisconsin Avenue and M Street. The store could open as early as August, just a year after BCBG closed all of its retail locations to focus on wholesale.

Aritzia sells its own private label and other fashion lines, with prices ranging between $60 and $200. The company, which has been growing in the U.S. since 2014, went public…

Read the full story from the Washington Business Journal.