
From property hunt to opening day, it takes quite a bit of time for a business to officially conduct business from a new building. The due diligence that’s required along the way can prove to be too much for some. That’s one of the reasons why working with experienced commercial real estate experts can make things go much smoother. Joshua Kurstin, now of Lane & Schlager Realty Advisors, LLC and formerly of JLL, knows all about the hurdles on the horizon. However, his experience in the Washington, D.C.-Virginia-Maryland sector means he can plan for the hurdles long before they become insurmountable. The recent expansion of Hawaiian poke eatery Poke it Up in the Ballston neighborhood of Arlington County, Virginia is an example of Joshua Kurstin’s commercial real estate capabilities that add value to the community.
According to WTOP.com, the early 2019 deal saw Poke it Up and fast-casual sandwich shop Zoup! move into the Arlington Square building along N. Fairfax Drive. Poke it Up planned to take over 1,737 square feet within the building, which had been home to the U.S. Fish and Wildlife Service up to 2014 when the government agency moved out. According to the WTOP article, “the last retail space available [in the Arlington Square building] was leased by University of Phoenix, which signed for 3,354 square feet.” When all entities involved in the recent deal came to the table, Joshua Kurstin represented University of Phoenix. Other organization that were involved in the expansion included H&R Retail, Brookfield Property Partners, Paraclete Realty and HUSB Commercial Real Estate Services.
Poke it Up first entered the Washington, D.C. market in 2018 with its location in Pentagon City. As the name suggests, this neighborhood is directly south of the Pentagon; it could be argued that company officials saw the opportunity for continued success with a second location. Recent U.S. Census estimates show that Pentagon City was home to a little more than 4,000 housing units and the majority of those who call D.C. home also work in the areas that are immediately nearby. When these people want to eat out in the evening or grab something during a lunch break on weekdays, they turn to the quick and convenient options. This the behavior that a commercial real estate expert like Joshua Kurstin would want to see because a deal that produces a property that’s successful over the long run reflects well on all who helped make it happen.
