Bass Pro Shop, the retail giant that is currently struggling with its new headquarters in the District, plans to open an outpost at the Capital Beltway on Capitol Hill in 2020, according to a new lease agreement between the retailer and its landlord, the Capital Improvement District.
Bass Pro’s lease with the district expires at the end of 2019.
The store will be open from April through December, and the shop will be owned by the district, according the agreement.
The lease also includes a provision requiring the district to provide Bass Pro with an annual $25,000 payment on its first lease.
Bass pro shop in Washington, DC, on April 7, 2018.
The deal will be made public later in the month.
BassPro, which was founded in 2014, has seen its stock price drop in recent months as its U.S. headquarters closed and the company began focusing on Asia.
Bass Pros website and Facebook page were briefly taken offline this month after the U.K. Parliament passed legislation that would have made it harder for British companies to use their British IPs.
That measure, which would also have allowed U.N. negotiators to negotiate with British companies, was passed by the U,K.
parliament on June 23, meaning Bass Pro would have been able to stay in the country.
In October, Bass Pro announced it would be opening a second U. K. store, in the city’s historic Covent Garden, which will be its largest ever.
Bass Pro also announced it will move its headquarters from its current U. S. office to a building in a redeveloped former auto factory in the neighborhood.
Basspro plans to hire around 500 employees in the new building.