Ohio

Fashion-District-Easton-Town-Center_Columbus-Ohio

Columbus, Ohio — New retailers and restaurants are scheduled to open within Easton Town Center’s reimagined Fashion District in Columbus. Openings at the development, which totals 100,000 square feet, will include expanded flagship stores for Louis Vuitton, Sephora, L’Occitane and lululemon, as well as locations for new tenants including Chanel Beauty, David Yurman, Golden Goose, BOSS, Alo Yoga, Jo Malone, Faherty, Buck Mason, Bluemercury, Tecovas and Breitling. Other tenants at the property include Mastro’s, PBR Cowboy Bar + Smokehouse and Cooper’s Hawk Winery & Restaurant, which has been significantly remodeled. Cameron …

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Kroger_Banks-Crossing_Fayetteville

Cincinnati — Cincinnati-based The Kroger Co. and Boise, Idaho-based Albertsons Cos. Inc. have announced plans to sell an additional 166 grocery stores to C&S Wholesale Grocers in a divestiture package. This marks an amendment to an existing agreement with the buyer, which will now acquire a total 579 stores in a $2.9 billion deal. The original divestiture package was announced in September of last year, in connection with a proposed merger between Kroger and Albertsons.  In February, the Federal Trade Commission (FTC) sued to block Kroger’s $24.6 billion acquisition of Albertsons …

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Express

Columbus, Ohio — Fashion Retailer Express Inc. (OTCMKTS: EXPR) has filed for Chapter 11 bankruptcy protection and announced plans to close 107 of its 602 stores. The Columbus-based company’s portfolio includes apparel brands such as Bonobos, Express and UpWest Express. As part of the proceedings, 95 stores under the company’s Express banner will be shuttered alongside all 12 of its UpWest Express locations. Further details on the specific locations set for closure were not provided, but closing sales at the impacted locations are anticipated to begin tomorrow, April 23. Business at …

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Bass-Pro-Outdoor-World_West-Chester-Ohio

West Chester, Ohio — Graycor Construction Co. has completed the development of a 125,000-square-foot Bass Pro Shops Outdoor World store in West Chester near Cincinnati. The property features a fire watch tower, archery range, aquarium, exterior decorative water feature and boat showroom. Torgerson Design Partners was the architect. This marks the seventh Bass Pro Shops store to be constructed by Graycor.

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Starbucks_Mentor-Ohio

Mentor, Ohio — The Cooper Commercial Investment Group has brokered the $2.1 million sale of a single-tenant retail property located in Mentor. Starbucks Coffee occupies the building, which was constructed in 2022, with roughly eight years remaining on its lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the 1031-exchange transaction. 

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Madison-Shopping-Center_Madison-Ohio

Madison, Ohio — Marcus & Millichap has brokered the sale of Madison Shopping Center, a 72,048-square-foot retail center located in Madison, approximately 40 miles northeast of Cleveland. Tractor Supply Co. and Bealls anchor the property. Other tenants at the center include Goodwill, Snap Fitness, Eagle Financial Services and TNT Tanning. Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the undisclosed Florida-based seller, the original developer of the property, in the transaction. An Ohio-based private investor acquired the property in a 1031 exchange. 

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Livingston-Avenue-Center

Reynoldsburg, Ohio — The Cooper Commercial Investment Group has brokered the $5.4 million sale of Livingston Avenue Center, a 101,621-square-foot shopping center in the Columbus suburb of Reynoldsburg. The fully leased property is home to tenants such as Save-a-Lot, Big Lots and Urban Air. Dan Cooper of Cooper Group represented the seller, a private investment group out of California. The Midwest-based buyer purchased the asset at a cap rate of 8.19 percent.

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Airport-Square

Toledo, Ohio — SRS Real Estate Partners has arranged the $11.9 million sale of Airport Square, a 187,252-square-foot shopping center located in Toledo. Situated on approximately 23 acres, the property was 99 percent occupied at the time of sale. Tenants at the center include Urban Air Adventure Park, Discount Fashion Warehouse, American Freight and DaVita Healthcare. Urban Air recently signed a 10-year lease at the center. Jack Cornell, Matthew Mousavi and Patrick Luther of SRS, along with Mac Lehrer of Hoty Enterprises, represented the seller, Oklahoma City-based Frayer Properties. SRS also …

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JOANN-Bloomington-IL

Hudson, Ohio —  Joann Inc. (NASDAQ: JOAN), a fabrics and sewing retailer based in Hudson, has filed for prepackaged Chapter 11 bankruptcy. The company’s 829 stores and its website (JOANN.com) will remain open for business. Following the bankruptcy process, if approved, Joann will become a private company owned by some of its lenders and other industry parties, and its shares will no longer be listed on Nasdaq or any other national stock exchange. As of this writing, the company’s stock has been delisted. Joann expects to emerge from the voluntary bankruptcy process …

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Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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