Carrying the address of 3205 Plaza Way, the pad site wasdeveloped back in 1982 and has since always had an owner separatefrom that of Charles County Plaza, which is part of CombinedProperties' portfolio. The shopping center itself, which will soonboast such tenants as Linens 'N Things and Pier 1, is currentlyundergoing a massive renovation that will leave it with a 71,000-sfGiant Food store as its anchor.

JBG Rosenfeld Retail is Sakura's exclusive representative andarranged the purchase of the property. "The increased space willallow Sakura to capitalize on its goal to provide a unique andpleasant dining experience, as the notion behind the concept is toprovide great food, while showcasing Japanese cuisine as a form ofart and entertainment," JBGR vice president Bob Schwenger explains.The new Sakura site is expected to open its doors later thissummer.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.