Ohio

Six New Retailers Confirmed for $500 Million Easton Town Center Expansion in Ohio

by Alex Tostado July 15, 2019

Columbus, Ohio — Six new retailers have been confirmed as part of the $500 million expansion of Easton Town Center in Columbus. The retailers include Ivan Kane’s Forty Deuce Café & Speakeasy, Arhaus Furniture, Pins Mechanical Co., The Beeline, Forbidden Root Restaurant and Brewery and Crimson Cup Coffee & Tea. At Forty Deuce, the ground floor will include a café serving burgers and desserts while the upstairs will incorporate a hidden speakeasy. The new Arhaus store will span 17,500 square feet. Ohio-based Pins Mechanical has already opened with 30,000 square …

July 15, 2019

Development News Ohio Retailers

Construction Underway for First Retail Phase of Hamilton Quarter in Columbus

by Alex Tostado May 20, 2019

Columbus, Ohio — Casto is underway on construction of the first retail phase of Hamilton Quarter in Columbus. This phase includes a 250,000-square-foot shopping center anchored by Target and Hobby Lobby. Both the 125,000-square-foot Target and the 55,000-square-foot Hobby Lobby are scheduled to open in October. Other planned tenants include Five Below, Aqua Tots Swim School, Beerhead Bar & Eatery, The Nail Boutique, Clean Juice, Sprint and Great Clips. The 40-acre retail site is immediately adjacent to The Ohio State University Wexner Medical Center’s planned medical campus. Hamilton Quarter is …

May 20, 2019

Development Leasing Mixed-use News Ohio

Bonobos to Open at Mixed-Use Development in Columbus, Ohio

by Katie Sloan May 14, 2019

Columbus, Ohio — Bonobos has signed a new lease to occupy 1,500 square feet at a mixed-use development in Columbus. The Pizzuti Cos. is the developer for the property, which is located in the Short North Arts District. Founded in 2007 as an online-only retailer for men’s clothing, Bonobos began opening brick-and-mortar locations in 2012. This is the company’s first location in Columbus and third in Ohio. Bonobos will join office tenant Industrious at the four-story building. Industrious, a coworking space provider, will occupy 30,000 square feet on the third …

May 14, 2019

Investment sales News Ohio Retailers

Brixmor Property Group Sells 89,436-Square-Foot Retail Center Near Cleveland

by Alex Tostado May 6, 2019

Streetsboro, Ohio — Brixmor Property Group has sold Streetsboro Crossing, an 89,436-square-foot retail center in Streetsboro, Ohio. The property was built in 1996 and renovated in 2001. Giant Eagle anchors the center, which is situated 31 miles southeast of downtown Cleveland, and is the only traditional grocer in the trade area. The center is shadow-anchored by Target and Lowe’s, and was 94 percent leased at the time of the sale to tenants including Pet Supplies Plus, Palm Beach Tan, GNC, Sally Beauty Supply and Great Clips. Amy Sands and Clinton Mitchell …

May 6, 2019

Finance News Ohio Retailers

NorthMarq Arranges $4.4 Million Acquisition Loan for Retail Property in Dayton, Ohio

by Alex Tostado April 25, 2019

Dayton, Ohio — NorthMarq Capital has arranged a $4.4 million loan for the acquisition of Northwest Plaza in Dayton. The 220,000-square-foot retail property is located at 3295 W. Siebenthaler Ave. Citi Trends is one of the tenants. Noah Juran of NorthMarq arranged the 10-year, fixed-rate loan, which features a 25-year amortization schedule. A regional bank provided the loan.

April 25, 2019

Investment sales News Ohio Retailers

Reichle Klein Negotiates $1.4 Million Sale of Dollar General-Occupied Property in Ohio

by Alex Tostado April 19, 2019

Oregon, Ohio — Reichle Klein Group has negotiated the $1.4 million sale of a Dollar General-occupied property in Oregon, Ohio, a suburb of Toledo. Completed in October 2018, the 9,100-square-foot building is located at 2450 Woodville Road. Christian Zaciewski of Reichle Klein represented the seller, Linden Avenue LLC. Net Realty Advisors represented the buyer, California-based Frank Living Trust.

April 19, 2019

Investment sales Net lease News Ohio Retailers

Marcus & Millichap Arranges $2.7 Million Sale of Net-Leased Walgreens Property in Ohio

by Alex Tostado April 4, 2019

Delaware, Ohio — Marcus & Millichap has arranged the sale of a 14,490-square-foot property net leased to Walgreens for $2.7 million. The building is situated on 1.7 acres at 19 London Road in Delaware, Ohio, about 30 miles north of Columbus. The property was built in 2001. Walgreens recently extended its lease through 2026. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Brandon Hanna of Encore Real Estate Investment Services secured and represented the buyer, a private investor.

April 4, 2019

Investment sales News Ohio Retailers

Cooper Group Arranges $2.7 Million Sale of Retail Center Near Columbus, Ohio

by Alex Tostado April 2, 2019

Johnstown, Ohio — Cooper Commercial Investment Group has arranged the sale of Kyber Run in Johnstown near Columbus for $2.7 million. The 15,292-square-foot retail center is home to five tenants and is shadow-anchored by Kroger. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller, an East Coast-based private investment group. The sales price represents a cap rate of 7.95 percent.

April 2, 2019

Leasing News Ohio Retailers

J. Crew, Sephora Join Retail Lineup at Pinecrest in Cleveland

by Alex Tostado April 1, 2019

Cleveland — J. Crew and Sephora are the latest retail tenants to join Pinecrest, a 750,000-square-foot mixed-use development in Cleveland’s Orange Village. The retailers are set to open later this year. J. Crew will occupy 5,700 square feet and Sephora will occupy 5,500 square feet across from Pottery Barn. Previously announced tenants at the Fairmount Properties-developed Pinecrest include REI, West Elm, Shake Shack and Vineyard Vines.

April 1, 2019

Finance News Ohio Retailers

Berkadia Arranges $19 Million Construction Loan for Retail Property in Strongsville, Ohio

by Alex Tostado March 26, 2019

Strongsville, Ohio — Berkadia has arranged a $19 million loan for Royalton Collection, a 74,000-square-foot retail development in Strongsville. HomeGoods will anchor the property, along with Panera Bread and Outback Steakhouse outparcels. Dan Geuther of Berkadia arranged the loan with CIBC Bank on behalf of the borrower, New York-based Somera Road Inc. The three-year loan represents a 73 percent loan-to-cost ratio.

March 26, 2019

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