Medium Rare signs new 10 year lease in Cleveland Park

3500 Connecticut Avenue, NW

[A piece of my heart shall always remain with Yanni’s but this is very very good news for the neighborhood!]

From a press release:

“Property developer and investor Grosvenor Americas has announced a 10-year lease extension with Medium Rare at the popular steakhouse’s flagship location, 3500 Connecticut Avenue, NW. Washington, D.C.

“We are very pleased for Medium Rare to continue operating at our Cleveland Park property, an important part of the fabric of the local neighborhood. In addition to serving delicious food, the team behind Medium Rare shares important values that align with Grosvenor’s ethos,” said Jessica Sawyer, Grosvenor’s Investment Manager. “The team offers a fun, friendly and relaxed atmosphere for restaurant patrons while continually finding innovative ways to give back to the local community and help those most in need.”

Since opening the Connecticut Avenue location in 2011, founders Mark Bucher, Steve Abramson and Thomas Gregg have opened two additional locations in Bethesda and Arlington.

Philanthropy has been baked into Medium Rare’s activities since the inception of the business. The team’s response to the pandemic included facilitating free meals for the elderly confined in quarantine, providing over 3,000 free Thanksgiving meals to DC-area seniors, delivering complimentary Mother’s Day brunch to women aged 70+, and many other initiatives. More recently, Bucher founded D.C.’s Feed the Fridge initiative which places refrigerators stocked with free and fresh meals from local restaurants across the city to help students and others facing food insecurity.

“20 years ago, D.C. was a city of quadrants: NW, SW, NE and SE. Over time D.C. has transitioned into a city of great neighborhoods. We are proud to call Cleveland Park our home and thankful to Grosvenor and their amazing team for their support over the past 16 months,” said Bucher, Co-Founder of Medium Rare. “We are excited to be here and meet the next generation of steak frite lovers!”

Brad Buslik with H&R Retail managed the 10-year lease extension at 3500 Connecticut. The H&R team was recently appointed to lease available space within Grosvenor’s Urban Retail Portfolio, which contains over 72,000 square feet of retail space across six properties located between Chevy Chase, MD, and downtown Washington, D.C., on Wisconsin Avenue, Connecticut Avenue, and 19th Street.”