Dayton, Ohio — Cooper Commercial Investment Group has arranged the sale of Sugarcreek Plaza, a 70,000-square-foot retail center located at 6140-6148 Wilmington Pike in Dayton. The center is fully leased to tenants including buybuyBABY, Bed Bath & Beyond, Planet Fitness and Affordable Uniforms. Dan Cooper of Cooper Commercial represented the seller, Boca Raton, Florida-based PEBB, in the disposition of the property to Pinnacle Leasing & Management for $7.5 million.
Columbus, Ohio — Four new tenants have opened within the latest $500 million expansion of Easton Town Center, a 1,300-acre mixed-use project by The Georgetown Co., L Brands and Steiner + Associates in Columbus. New tenants include Pins Mechanical Co, Dragon Donuts, Slurping Turtle and LemonShark Poké & Makai Grill. Pins Mechanical Co. has opened in a 38,000-square-foot, two-story space. The entertainment concept offers three full-service bars; a mezzanine level with stadium seating; 16 bowling lanes; over 60 pinball and arcade games; bocce ball; and bubble hockey. Dragon Donuts has …
Mount Gilead, Ohio — Marcus & Millichap has arranged the $3.4 million sale of a 51,443-square-foot property occupied by Kroger in Mount Gilead, about 40 miles northeast of Columbus. The property is located at 555 W. Marion St. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the buyer, a publicly traded REIT. Seller information was undisclosed.
Canton, Ohio — The Cooper Commercial Investment Group has facilitated the $1 million sale of Pleasantview Commons, a 49 percent occupied, Aldi-anchored center in Canton. Dan Cooper and Bob Havasi of Cooper Commercial represented the seller, a private investment group based in Ohio. A private, Nevada-based investment firm acquired the property in an all-cash transaction.
Cincinnati — Marcus & Millichap has brokered the sale of Village Crossings Shopping Center in Cincinnati for $6.8 million. The Aldi-anchored shopping center spans 89,008 square feet and is located at 10400 Reading Road. Other tenants include CAM International Market, JOANN Fabrics, H&R Block, Breakthrough Fitness, Mala Hot Pot and Firestone. Scott Wiles, CJ Jackson, Erin Patton and Craig Fuller of Marcus & Millichap’s Patton Wiles Fuller Group marketed the property on behalf of the seller, a private REIT. The team also secured the buyer, Maryland-based America’s Realty LLC, a …
Windham and Bradner, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant Dollar General properties in Windham and Bradner, Ohio, for a combined total of $3.1 million. Beau Velten, Jeff Lefko and Bill Asher of Hanley Investment Group, in conjunction with ParaSell Inc., represented the San Diego, California-based 1031 exchange buyer in both transactions. Doug Holtzman and Tori Nook of Anchor Cleveland represented the seller and developer of both properties, Zaremba Group. The Dollar General property in Windham is a freestanding, 10,566-square-foot Dollar General …
Cincinnati — Stan Johnson Co. has arranged the $3 million sale of a 25,600-square-foot retail center located at 7074 Harrison Ave. in Cincinnati. The property was 94 percent leased at the time of sale to seven tenants. Constructed in 2006, the two-story building sits on 2.3 acres. Stan Johnson Company’s Patrick Metz represented the private California-based seller. MAGNA Properties, an Ohio-based individual investor, purchased the property in a 1031 exchange. The sale reflects a 9.1 percent cap rate.
Columbus, Ohio — L Brands Inc., the parent company of retailers Victoria’s Secret and Bath & Body Works, reported that its same-store sales during the holiday period grew 5 percent, compared with a 3 percent drop one year ago. Shoppers purchased more loungewear, hand soap and candles ahead of the new year. Comparable sales at Bath & Body Works increased 17 percent for the nine-week period that ended Jan. 2. Columbus-based L Brands expects to report its fourth-quarter earnings Feb. 24.
Akron, Ohio — First National Realty Partners (FNRP) has acquired West Market Street Station in Akron. The Whole Foods Market-anchored shopping center is located at 1745 W. Market St. It spans 54,232 square feet and opened in September 2017. Other tenants at the fully leased center include lululemon, PetPeople, Orangetheory Fitness, Moe’s Southwest Grill, Great Clips and Salon Lofts. The seller, S.J. Collins Enterprises, sold the asset for an undisclosed price. This is the first Whole Foods within FNRP’s shopping center portfolio. Fain Hicks, Margaret Jones, Lane Breedlove, Evan Halkias …
Bainbridge Township and Aurora, Ohio — Industrial Commercial Properties (ICP) has purchased a 377-acre tract that formerly housed the Geauga Lake Amusement Park and Sea World Ohio. Cedar Fair sold the asset for an undisclosed price. Located in Bainbridge Township and Aurora approximately 25 miles southeast of downtown Cleveland, the developer plans to rebrand the property as The Geauga Lake District. Elements of the new design will pay homage to the history of the site and the former amusement park, which operated from 1887 to 2007. The master-planned development will include retail, …
