Massillon, Ohio — Legacy Realty Group Advisors has brokered the $5.2 million sale of Amherst Shopping Center, a 146,880-square-foot retail center located in Massillon. Marc’s and Dollar General anchor the property. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction.
Northbrook, Ill. — Pine Tree, in partnership with a state pension fund, has purchased six open-air shopping centers from SITE Centers Corp. (NYSE: SITC) for $495 million. The portfolio comprises 2.5 million square feet and feature properties in metros including Fort Lauderdale, Florida; Columbus, Ohio; Cincinnati; Phoenix; and Portland, Oregon. The properties included in the portfolio are: The portfolio’s retail anchors include Kroger, New Seasons Market, The Fresh Market, Target, Ulta Beauty, Nordstrom Rack, Dick’s Sporting Goods and 13 stores leased by TJX Cos. Pine Tree is a retail developer and …
Massillon, Ohio — Axiom Realty has purchased Amherst Shopping Center, a 98,385-square-foot shopping center located in Massillon. Marc’s anchors the property, which was 64 percent occupied at the time of sale. Other tenants at the center include Dollar General and a fitness retailer. Jonah Warshaw and Jacob Baruch of Legacy Realty Group Advisors brokered the transaction.
Columbus, Ohio — Lucky’s Market has opened a new store in Columbus. Totaling 21,000 square feet, the Lucky’s Market Victorian Village store is part of commercial component of the Thurber Village redevelopment project, which also features a CVS/pharmacy. CASTO is the property developer and landlord.
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 …
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 …
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 …
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.
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.
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.
