North Randall, Ohio — Amazon (NASDAQ: AMZN) has unveiled plans to open an 855,000-square-foot fulfillment center at the former site of Randall Park Mall in North Randall, roughly 15 miles southeast of Cleveland.
Huber Heights, Ohio — Marcus & Millichap’s Institutional Property Advisors division has arranged the sale of North Heights Plaza shopping center in Huber Heights, a suburb of Dayton.
Hilliard, Ohio — RCG Ventures has acquired Mill Run Square in Hilliard, a suburb of Columbus.
Columbus, Ohio — Eight new tenants have signed on to open at Easton Town Center in Columbus. Fashion and accessory brands Zara, Shinola, Filson and A Pea in the Pod will open in fall 2017. MAC Cosmetics and clothing brands Soft Surroundings and Lilly Pulitzer will join the retail center this summer. A new restaurant, Condado Tacos, will also open in summer 2017. To date, Easton Town Center is home to over 200 shops, restaurants and entertainment venues.
Streetsboro, Ohio — Envoy Net Lease Partners LLC has provided a $1 million-plus loan on a corporate ground lease for a Wendy’s restaurant in Streetsboro, roughly 20 miles north of Akron. The real estate finance company, who specializes in single-tenant, net leased commercial properties, financed 100 percent of the total project cost and allowed the undisclosed borrower to retain full control and ownership of the property. Construction on the 2,565-square-foot restaurant is slated for completion Dec. 1, 2017.
DDR, Madison International Realty Close $1.05 Billion Recapitalization of DDR Domestic Retail Fund I
Beachwood, Ohio — Beachwood-based DDR Corp. and an affiliate of Madison International Realty have closed the $1.05 billion recapitalization of a joint venture with 52 shopping centers previously owned by DDR and various partners through the DDR Domestic Retail Fund I.
Orange Village, Ohio — HFF has secured $142 million in financing for the development of Pinecrest, a 650,000-square-foot mixed-use development located in the Cleveland suburb of Orange Village.
Fairfield, Ohio — Cooper Commercial Investment Group has arranged the sale of a net leased Starbucks Coffee property in Fairfield, a suburb of Cincinnati, for $1.7 million.
Cincinnati — Cincinnati-based Phillips Edison & Company has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings.
Elyria, Ohio — Integra Real Estate Capital has arranged a $17.5 million bridge loan for the acquisition of Midway Market Square in Elyria, located roughly 23 miles west of Cleveland.