Local Retailers Making Presence Felt

A walk down DC retail thoroughfares like M Street in Georgetown or 7th Street in Chinatown reveals mostly national chains. But locally owned retail stores--like Celadon Spa, owned by Judith Koritsas(above) and Lynne White-- can thrive too.Lynne tells us many landlords are weary of mom-and-pops because they present more financial risk than a national chain, and take time, energy, and support to flourish. But once a retailer wins local shoppers over and creates staying power, the concept works, Lynne says. It's worked with stores near Celadon like Insight Opticians (also co-owned by Lynne), Mia Gemma, Cowgirl Creamery, and Peruvian Connection, which are all woman-owned businesses, to boot.

Studley'sWendy Feldman BlockandKim Rothrecently helped Lynne and Judithrestructuretheir Celadon lease at 1180 F Street, and Wendy says if "landlords are willing to spend the time tosit downandunderstandthe independent entities, the end result can bevery rewarding." Kim expects the trend to continue, noting that retailers with"a conceptbeyond just a trendwill help shape thefutureof retail." And on the topic of woman-owned retailers, Kim adds that as more women thrive, she hopes it grows the excitement for others tofollow their passions."

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines