Lincoln Property Co. is seeking replacement tenants for the Nike Georgetown flagship store after Nike missed a deadline earlier this year to exercise a renewal option, according to the Washington Business Journal.
A source told the newspaper that it’s unclear whether it was an oversight by Nike or whether Nike intentionally missed the deadline with a plan to relinquish the space or negotiate for a smaller footprint.
The current lease on the 33,600-square-foot space located at 3040 M Street, NW, will expire in the first quarter of 2023. The location opened in October 2012.
