Acadia Realty Trust (NYSE: AKR) is a top-tier equity real estate investment trust focused on delivering long-term, profitable growth via dual platforms: their Core and Opportunity Funds. For the downtown Brooklyn City Point project, Acacia took a disruptive approach, seeking a block of aspirational and emerging growth brands. Acadia retained the Meriwether Group to assist in identifying and recruiting a group of exciting tenants to populate the Prince Street passage.
Drawing on deep relationships with some of the country’s most recognized iconic and emerging brands, Meriwether introduced Acadia to two dozen best-in-class brands within six months. Those introductions have generated 5 signed leases for the project with another 5 brands in negotiations for space. These tenants were brought to the project with an eye towards developing community, creating shared experiences and a presenting a fresh and distinctive take on how to lease and build out a new development.