Columbia East Marketplace

Columbia East Marketplace

7351-7361 Assateague Drive
Jessup, MD 20794


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.

Target Metrics

Targeted IRR 15%
Targeted Equity Multiple 2.5x
Targeted Investment Period 10 Years

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