
The Washington Business Journal reported yesterday that Sagamore Development, the owners of the historic Nathans building on the southeast corner of Wisconsin and M St., is seeking a tenant for the space. This comes as a surprise since the widely held assumption was that the sportswear company, Under Armour, would move in once the renovations are complete.
This assumption arose since Sagamore Development is an investment company owned by Kevin Plank, the founder and CEO of Under Armour. When Sagamore bought the property off the Heon family, there was some thought that since the building wasn’t bought by Under Armour itself, then maybe the company wouldn’t occupy it. But then pretty much everything GM heard about the property indicated that Under Armour would move in. For instance, when the architect, Ankie Barnes, presented the (beautiful) plans to the ANC, GM asked him directly whether he knew who would move in. His answer was that he didn’t know for sure, but was assuming it was Under Armour. Continue reading →
You must be logged in to post a comment.