December 4, 2013

Peet’s Coffee & Tea signs lease for new shop downtown

More news on the Peet’s invasion: The coffee shop has signed a lease for space at 1001 Pennsylvania Ave. NW, the building that is home to Central and formerly housed Ten Penh restaurant.

Peet’s will take the former Citibank space at the corner of E Street and 11th Street NW. Miller Walker Retail Real Estate represented the landlord, TIAA-CREF, while Bill Dickinson and Patrick O’Meara of Rappaport Retail Brokerage represented Peet’s Coffee & Tea in the deal.

The building at 1001 Pennsylvania Ave. NW is getting another new tenant next year: San Francisco seafood restaurant Tadich Grill will open a location in the old Ten Penh space.

D.C.-area coffee aficionados will be seeing a lot more of Peet’s in the coming months as the region’s remaining Caribou Coffee locations become Peet’s Coffee & Tea shops. Peet’s parent company, the Germany-based Joh. A. Benckiser investment group, acquired Caribou Coffee earlier this year.

The Caribou Coffee at 17th Street and Pennsylvania Avenue NW is apparently one of the first planned for conversion. We reported last week on a permit in process at the D.C. government to convert that location into a Peet’s. Peet’s Coffee & Tea has said the shops will begin opening this spring.