FOR IMMEDIATE RELEASE
Korean Restaurant Group Concept Coming to Dupont Circle Space Formerly Occupied by Duck Duck Goose After Property Sale Facilitated by Feldman Ruel
Press Contacts: Josh Feldman, Managing Principal, (202) 318-6833 | Ian Ruel, Managing Principal, (202) 318-6844 | Adam Costanzo, Senior Associate, (202) 318-6826
Washington, D.C., October 10th, 2024– Feldman Ruel, a leading commercial real estate firm specializing in the marketing and sale of commercial real estate in the Washington, D.C. metropolitan area, is pleased to announce the sale of 1426 21st Street NW, Units S3 & S4. The second-generation restaurant condominium, located in the Hartnett Building and formerly home to Duck Duck Goose, sold for $1,600,000. The property was acquired by Hansik Enterprises L.L.C., a Korean restaurant group planning to launch its first U.S. location in Dupont Circle.
Situated in one of Washington, D.C.’s most sought-after food and beverage districts, the property offers a unique opportunity for the buyer to establish its flagship fine dining restaurant concept in a vibrant and established neighborhood. Known for its eclectic mix of retail, dining, and cultural amenities, Dupont Circle serves as an ideal location for the restaurant group’s first Washington, D.C. location.
The seller, a partnership of local real estate investors, was represented by Josh Feldman, Ian Ruel, and Adam Costanzo of Feldman Ruel who were able to leverage the property’s location, existing restaurant infrastructure, and rare 80 feet of street frontage with outdoor seating capability to attract interest from both domestic and international buyers. The buyer, Hansik Enterprises L.L.C., was represented by Anna Ensley of Samson Properties. Hansik Enterprises L.L.C., in partnership with Dalgaebi Conference House, will be bringing a new fine dining concept to the space. Dalgaebi is renowned for its traditional Korean cuisine in Seoul, catering to busy professionals, delivering hearty and healthy Korean food.
“We are thrilled to have facilitated the sale of this notable restaurant space in Dupont Circle,” said Josh Feldman, Managing Principal of Feldman Ruel. “The Dupont Circle neighborhood continues to be a premier destination for food and beverage operators, and we’re excited to see how this new concept will add to the area’s culinary diversity.”
About Feldman Ruel
Feldman Ruel is a commercial real estate services firm focused primarily on investment sales and property management in the Washington, D.C. metropolitan area and is consistently recognized as a market leader in the industry. Feldman Ruel successfully completes scores of transactions every year making it one of the top investment sales brokerage firms in the area. The experience and relationships resulting from hundreds of successful transactions allow the principals and agents of Feldman Ruel to provide their clients with the most accurate valuations, most effective multichannel marketing, and best advisory services available in its practice areas.