IPA Brokers $76 Million Sale of Shopping Center Portfolio in Central Ohio

Dublin and Reynoldsburg, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $76 million sale of a shopping center portfolio located in central Ohio. The portfolio includes Tuttle Crossing in Dublin and Taylor Square in Reynoldsburg. Walmart anchors both properties. Other tenants at Tuttle Crossing, which totals 226,718 square feet, include Best Buy, Morris Home Furniture, Ross Dress for Less, Golf Galaxy and Cost Plus. Taylor Square totals 395,074 square feet and was 99 percent leased at the time of sale. Tenants at the property include JOANN Fabric and Crafts, Marshalls, Dollar Tree, Famous Footwear, Bath & Body Works and Smokey Bones. Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, a partnership between Island Capital and Casto, in the transaction. A partnership between DLC Management and Principal Asset Management acquired the properties.