Triple BAR Group, along with J.C. BAR Properties, Triple Crown Corporation, and Weathervane Capital Partners acquired The Columbia East Marketplace in the Summer of 2021. The center is a 172,676 square foot grocery-anchored community shopping center is located in Jessup, Maryland, an affluent and growing suburb in Baltimore-Washington corridor.
The plaza is anchored by MOM’s Organic Market, the #1 leading independent grocer in the region and the only MOM’s in Howard County. Co-anchoring the property is a 33,002 square foot Ollie’s Bargain Outlet. Ollie’s lease features term through June 2026 and one additional five-year option. Ollie’s is an outstanding performer at this location with sales of $6.05M in 2020, 41% above the retailer’s national store average of $4.3M.
|Targeted Equity Multiple||2.5x|
|Targeted Investment Period||10 Years|
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