GLENARDEN, Md. (March 3, 2016) – Petrie Richardson Ventures (PRV) and Prudential Real Estate Investors, the owner-developers of the 140-acre, 700,000-square-foot mixed-use development Woodmore Towne Centre, announced today that Virginia-based Kobe Japanese Steak & Seafood signed a long-term lease for 6,461 square feet at the Centre. Their corner space features an outside dining area and patio and is located next to Woodmore Wine Store. Kobe is expected to open late Summer 2016.
“The tepanyaki chefs and sushi artists at Kobe Japanese Steak & Seafood will be a dynamic addition to Woodmore Towne Centre,” said Terry Richardson, president of PRV. “Their new space is equipped with state-of-the-art amenities and high visibility within the Centre, as well as along the major roads that surround the property. It is a local chain that will perfectly complement an already eclectic and inviting dining experience at the Centre.”
Kobe Japanese Steak & Food was represented in the deal by Michael Kim from Aegis Investment Group, LLC.
In February, the Centre became 90 percent leased with new tenants 1000 Degrees Neapolitan Pizza, Hook and Reel Cajun Seafood Restaurant, Honu Hawaiian BBQ, Kumon Learning Center and Wings 21. The new tenants will open in late March/early April. Current restaurant tenants include Chipotle, KBQ barbeque, Irie Bar & Grill, Noodles & Co. and Subway.
Opened in 2010, Woodmore Towne Centre is anchored by Wegmans, Costco, JC Penney, Best Buy and Petco. The Centre is minutes from FedEx Field and conveniently located at the interchange of I-495 and Landover Road, Rte. 202 in Prince George’s County, with more than 1,000 feet of frontage on the Capital Beltway/I-495.
In the 700,000 square feet of Phase I retail at Woodmore Towne Centre are available tenant spaces ranging from 1,000 to 140,000 square feet. Phase II of the development, delivering Spring 2017, will feature a 30,000-square-foot Nordstrom Rack.
About Petrie Richardson Ventures
Petrie Richardson Ventures (PRV) is a retail developer in the Mid-Atlantic region with a national reputation for creating successful retail centers and exciting mixed-use properties. PRV currently owns and operates Ellsworth Place in Silver Spring, MD, and Woodmore Towne Center in Glenarden, MD. For more information, visit www.petrierichardson.com.
About Prudential Real Estate Investors
Prudential Real Estate Investors is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU), and operates as Pramerica Real Estate Investors in markets outside of the Americas, Korea and Japan. Redefining the real estate investing landscape since 1970, PREI has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $62.6 billion ($46.3 billion net) as of September 30, 2015. PREI’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, visit http://www.prei.com/ www.prei.com