Austintown, Ohio — Cooper Commercial Investment Group has facilitated the $1.6 million sale of Falcon Commons, an 8,446-square-foot retail strip center located at 4774 Mahoning Ave. in Austintown. The five-building property was 80 percent leased to tenants including Subway and Little Caesars Pizza at the time of sale. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, a Central Ohio-based private investment group. The buyer is based in Kentucky.
Cincinnati — The Kroger Co. has unveiled plans to close approximately 60 stores over the next 18 months. The closures represent about 5 percent of the Cincinnati-based grocer’s stores. Kroger says it is taking a $100 million impairment charge related to the store closings and is committed to reinvesting the savings back into the customer experience. As a result, Kroger says the closures will not impact its full-year guidance. The retailer will offer roles in other stores to all associates currently employed at affected stores. The grocer operates roughly 1,200 …
Fairview Park, Ohio — JLL Capital Markets has facilitated the $51.5 million sale of Westgate Shopping Center, a 311,440-square-foot regional power center located in the Cleveland suburb of Fairview Park. Originally built in the mid-1950s and renovated in 2007, Westgate Shopping Center sits on 55 acres. Target, Lowe’s, Kohl’s, Planet Fitness, Petco, Marshalls and Ulta Beauty anchor the center, which was 97.2 percent leased at the time of sale. Other tenants at the property include Bath & Body Works, Five Guys, Jersey Mike’s, Club Pilates, The Joint, Great Clips and …
Canton, Ohio — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Whipple Bradley Plaza, a 20,751-square-foot shopping center located in Canton, for $2.7 million. Built in 1999, the center is leased to seven lifestyle and service-oriented tenants.
Columbus, Ohio — First National Realty Partners (FNRP) has signed three leases at Carriage Place Shopping Center, a 280,910-square-foot shopping center located in Columbus, bringing the center to 99 percent occupancy. The leases are with tenants Fun City Adventure Park, Pet Supplies Plus and Port of Peri Peri. Fun City Adventure Park — which occupies 35,540 square feet — opened at the property in 2024, replacing a Cinemark theater. Restaurant chain Port of Peri Peri is expected to open at the end of 2025, and Pet Supplies Plus is set …
West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.
Columbus, Ohio — Five new tenants have signed leases at Easton Gateway, a 650,000-square-foot retail property located in Columbus. Sí Señor, SITKA Gear and SuitShop have already opened at the property, and Carhartt and Bareburger are also scheduled to join the lineup. Other tenants at the center include Whole Foods Market, Costco, Dick’s Sporting Goods, J. Alexander’s Restaurant, Fusion, Chuy’s and The Container Store. Developed in 2014, Easton Gateway is situated within the 1,300-acre Easton Town Center mixed-use development.
Columbus, Ohio — American Commercial Realty (ACR) has obtained a retail portfolio totaling approximately 215,000 square feet across seven shopping centers in Columbus. The properties include Village Centre, Beechcroft Centre, James Livingston Centre, Main Hamilton Centre, 5156 E. Main St. Centre, Wyandotte Centre and McNaughten Center. Alex Marsh of The Robert Weiler Co. will manage leasing at the properties on behalf of the new ownership.
Hudson, Ohio — GA Group and A&G Real Estate Partners plan to auction 790 JOANN store leases and five distribution centers in 49 states in April. The plans follow JOANN’s Chapter 11 bankruptcy filing in January, the second bankruptcy filing for the retailer within 12 months. GA Group was selected to monetize all of JOANN’s assets and has begun winding down ongoing operations at all the retailer’s locations. The majority of JOANN stores will stay open for going-out-of-business sales through May 2025, or until supplies run out. The leases range in size …
North Canton, Ohio — Axiom Realty has acquired The Venue at Belden, a 157,632-square-foot regional shopping center in North Canton, Ohio. Originally built in 1974, the center was renovated and re-tenanted in 2016 and 2017. Burlington, T.J. Maxx, HomeGoods and Earth Fare comprise more than 60 percent of the center’s gross leasable area. Erin Patton of IPA represented the undisclosed seller in the transaction.
