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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

Penn., 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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Zaxby's
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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Donatos Pizza
DevelopmentNewsOhioRestaurants

Donatos Pizza to Expand in the Carolinas with 50 Locations

by Abby Cox

Columbus, Ohio — Columbus, Ohio-based Donatos Pizza is partnering with new franchise owners to open more than 50 locations across North Carolina and South Carolina. The agreements will create restaurants in Charlotte, Raleigh, Wilmington, High Point and Greensboro in North Carolina. In South Carolina, the pizza franchise will open four restaurants in Summerville, Boiling Springs, West Ashley and Fort Mill. Founded in 1963, Donatos Pizza operates more than 459 locations across 28 states, which includes more than 175 traditional restaurants and nearly 300 non-traditional locations, such as partnerships with Red …

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Ohio Valley Mall
LeasingNewsOhio

Three Tenants to Join Ohio Valley Mall

by Abby Cox

St. Clairsville, Ohio — Three new tenants have signed leases to join Ohio Valley Mall, a 1 million-square-foot super-regional shopping center located in the east central Ohio city of St. Clairsville. Academy Sports + Outdoors and Burlington will occupy a former Sears store, while Boot Barn will open a 13,000-square-foot store in a former Macy’s space. Set to open in late 2026, all three stores will be the first of their brand in the Ohio Valley Mall. Ohio Valley Mall features more than 100 retailers and restaurants including American Eagle, Auntie …

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Fairview Centre
Grocery-anchoredInvestment salesNewsOhio

Axiom Realty Buys 147,602-Square-Foot Fairview Centre in Suburban Cleveland

by Abby Cox

Fairview Park, Ohio — Axiom Realty has purchased Fairview Centre, a 147,602-square-foot shopping center located in the western Cleveland suburb of Fairview Park. Originally built in 1952 and renovated in 1994, the property — which is 89 percent leased — is anchored by Giant Eagle. Additional tenants include Dollar Tree and Onyx Health Club, as well as 15 other service-based tenants. Michael Nieder and Brian Page of JLL’s Chicago office represented the seller in the transaction.

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Academy Sports + Outdoors
AlabamaCompany newsDevelopmentFloridaGeorgiaIndianaMississippiNewsOhioSouth CarolinaTennesseeTexasVirginia

Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025 

by Abby Cox

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …

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Ridge Park Square
Grocery-anchoredInvestment salesNewsOhio

JLL Arranges Sale of 386,754-Square-Foot Ridge Park Square in Suburban Cleveland

by Abby Cox

Brooklyn, Ohio — JLL Capital Markets has arranged the sale of Ridge Park Square, a 386,754-square-foot dual grocery-anchored shopping center located in Brooklyn, approximately six miles southwest of downtown Cleveland. Michael Nieder, Brian Page and Mohsin Mirza of JLL’s Investment Sales and Advisory team represented the seller, an affiliate of Zeisler Morgan Properties. The buyer was Atlanta-based RCG Ventures. Completed in 1989, Ridge Park Square was 95 percent leased at the time of sale. Marc’s and Grocery Outlet anchor the retail center, which features a mix of additional tenants such …

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