Ohio

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Grocery-anchoredInvestment salesNewsOhio

Legacy Realty Group Arranges $6.4 Million Sale of Grocery-Anchored Center in Metro Cleveland, Ohio

by Abby Cox

Olmsted Township, Ohio — Legacy Realty Group Advisors has arranged the $6.4 million sale of Kingston Corners, a 57,275-square-foot shopping center in Olmsted Township, approximately 20 miles southwest of Cleveland. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction. Shaker’s Marketplace anchors the property, which was fully occupied at the time of sale, according to Loop Net. Built in 1985, Kingston Corners sits on nearly 5 acres.

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Investment salesNewsOhio

Cooper Commercial Negotiates Sale of Single-Tenant Retail Property in Suburban Dayton 

by Abby Cox

Piqua, Ohio — Cooper Commercial Investment Group has negotiated the sale of a single-tenant retail property located in Piqua, roughly 28 miles north of Dayton. Chipotle Mexican Grill occupies the building — which includes a drive-thru and patio seating — on a new 15-year lease featuring 10 percent rental increases in the sixth and 11th years. Dan Cooper of Cooper Commercial represented the seller. The all-cash, 1031 exchange buyer was based in California.

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LeasingMixed-useNewsOhio

Four New Tenants to Join Easton Town Center in Columbus, Ohio

by Abby Cox

Columbus, Ohio — Four new tenants have signed leases to join Easton Town Center, a 1,300-acre mixed-use project under development in Columbus. Furniture and home décor retailer Joybird has already opened at the property. SKIMS, Portland Leather and Windsor are also scheduled to join the lineup, while existing tenant Abercrombie & Fitch is expanding its store. Managed and leased by Steiner + Associates, Easton Town Center’s most recent expansion includes 140,000 square feet of entertainment, restaurant, hotel and retail offerings, as well as 125,000 square feet of new office space. Tenants …

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Investment salesNewsOhio

Cooper Commercial Negotiates $3.1 Million Sale of Jesse James Plaza in Toledo, Ohio

by Abby Cox

Toledo, Ohio — Cooper Commercial Investment Group has negotiated the $3.1 million sale of Jesse James Plaza, a 35,800-square-foot multi-tenant retail center located in Toledo. International pawn store operator FirstCash and Safelite anchor the property. Jesse James Plaza was built in 1984 and renovated in 2016, according to Loop Net. Dan Cooper of Cooper Commercial represented the seller, a Midwest investment group, in the transaction.

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Firestone
Investment salesNewsOhio

Marcus & Millichap Brokers Sale of Firestone-Occupied Retail Property in Metro Columbus

by Abby Cox

Heath, Ohio — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a newly constructed retail property occupied by Firestone in Heath, about 30 miles east of Columbus. Built in 2025, the property features a 15-year, triple-net corporate-guaranteed lease that includes 5 percent rent increases every five years in the initial term. The asset sold at 98 percent of the list price to an all-cash buyer completing a 1031 exchange. The seller was a preferred developer for Firestone. Don McMinn and Andrew Koriwchak of the …

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Company newsNewsOhioRetailers

American Signature Files Voluntary Petitions for Chapter 11 Bankruptcy

by Abby Cox

Columbus, Ohio — Home furnishings retailer American Signature Inc. (ASI) has filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware. Based in Columbus, Ohio, American Signature was founded in 1948 and is the parent company to Value City Furniture and American Signature Furniture, which have more than 120 stores open across 17 states. ASI expects to enter into a stalking horse asset purchase agreement under which, subject to court approval, ASI Purchaser LLC will acquire substantially all of the company’s assets and assume certain …

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Stow Community Shopping Center
Investment salesNew JerseyNewsOhioPennsylvania

JLL Arranges $126 Million Sale of Three Shopping Centers

by Abby Cox

Pa., Ohio and N.J. — JLL Capital Markets has arranged the $126 million sale of three shopping centers totaling nearly 770,000 square feet across Pennsylvania, Ohio and New Jersey. JLL represented the seller, SITE Centers Corp., in the transaction. The buyer was Haverford Retail Partners. The first property, Southmont Plaza in Easton, Pennsylvania, encompasses 250,939 square feet and is anchored by Dick’s Sporting Goods and Lowe’s Home Improvement. Meanwhile, Stow Community Shopping Center in Stow, Ohio, comprises 418,587 square feet across eight buildings and is anchored by Giant Eagle. The …

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Company newsNewsOhio

Reports: Wendy’s to Close Hundreds of Stores in 2026

by Abby Cox

Dublin, Ohio — Dublin, Ohio-based fast food giant Wendy’s is planning to close hundreds of its U.S. stores next year as part of a broader effort to revive its home market. According to Wendy’s interim CEO Ken Cook during the company’s quarterly earnings call, Wendy’s is expected to close a “mid-single-digit percentage” of its 6,011 U.S. restaurants, which could approximate to about 300 stores. In its latest fiscal quarter, Wendy’s global sales were down 2.6 percent and sales at U.S. locations fell 4.7 percent. As reported by several media publications, such …

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DevelopmentNewsOhio

Zaxby’s Signs Multi-Unit Franchise Agreement to Debut in Ohio

by Abby Cox

Ohio — Zaxby’s has signed a franchise agreement with an unnamed fast-food franchise group to open 10 new restaurants in Ohio. The newest locations will include Dayton, Columbus and Cincinnati, which will mark Zaxby’s debut in the state. Franchise operator Charles Terry will serve as key operator for the new stores. Zaxby’s currently has over 970 locations in 17 states and is headquartered in Atlanta, Georgia.

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The Mall at Fairfield Commons
Investment salesNewsOhio

Spinoso, Kize Capital Acquire The Mall at Fairfield Commons in Metro Dayton, Ohio

by Abby Cox

Beavercreek, Ohio — A joint venture between Spinoso Real Estate Group and Kize Capital has acquired The Mall at Fairfield Commons, a 1 million-square-foot regional shopping center located in Beavercreek, approximately 10 miles east of Dayton. The seller was Washington Prime Group, according to Dayton Daily News. Dillard’s — which is scheduled to open in March 2026 — along with Dick’s House of Sport, JCPenney, Morris Furniture and Round1 anchor The Mall at Fairfield Commons. Additional tenants at the property include American Eagle, H&M, Victoria Secret, Bath & Body Works, Hollister, …

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