KLNB Brings Punch Bowl Social to D.C. as Anchor Tenant at 1250 Half Street
Baltimore, Md. – KLNB, the full-service commercial real estate firm, announced today that Punch Bowl Social has signed a lease and will open in Washington, D.C. The award-winning restaurant, bar and entertainment concept has leased 24,000 square feet over two floors at 1250 Half Street (“1250”), the mixed-use development adjacent to Nationals Park. KLNB’s Ben Becker, Jennifer Price and Steve Combs represented developer Jair Lynch Real Estate Partners in the transaction. 1250 is part of a strategic vision to transform the Capitol Riverfront’s “Ballpark Distrct” into a year-round entertainment destination.
“With more than 3 million people visiting Nationals Park every year, there is already a built-in marketplace which will only get better with the opening of DC United’s new stadium,” said Ben Becker, principal at KLNB. “This project will serve as an anchor to one of the premier areas of the city to eat, drink and play. That’s what we’re creating here with 1250 and we’re excited to watch this vision come to fruition.”
Punch Bowl Social offers premium craft beverages, a seasonally-inspired scratch menu created by culinary partner and James Beard award-winning chef Hugh Acheson and a variety of social activities including karaoke, skee-ball, vintage video games, bowling and more. Becker said Punch Bowl Social’s innovative offering made it the ideal tenant for 1250.
“Punch Bowl Social brings a new and fresh perspective on entertainment to the D.C. market. There’s a growing experiential trend in retail: people want to invest their time and money into unique and memorable experiences. Punch Bowl Social has separated from the pack by perfecting that formula and sets the perfect tone for 1250 as we move into the next phase of our leasing.”
Jair Lynch broke ground on 1250 in February. The two-building, 460,000-square-foot, mixed-use project will offer 439 residential units, 55,000 square feet of retail space and views into Nationals Park. For retail leasing opportunities, contact KLNB at 202-375-7500.
KLNB is a leading provider of commercial real estate services throughout the mid-Atlantic region. A full-service commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal & valuation services. Headquartered in Maryland, close to 80 full-time brokerage professionals work across KLNB’s five full-service offices located in Towson and Columbia, Md.; Washington, D.C.; and Dulles and Tysons, Va. http://klnb.com