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Village North
DevelopmentGrocery-anchoredNewsOhio

Partnership Breaks Ground on 90,000-Square-Foot Retail Development in Metro Cincinnati

by Abby Cox

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.

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Easton Gateway
LeasingNewsOhio

Five New Tenants Join Easton Gateway in Columbus, Ohio

by Abby Cox

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.

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James Livingston Centre
Investment salesNewsOhio

American Commercial Realty Obtains 215,000-Square-Foot Retail Portfolio in Columbus, Ohio

by Abby Cox

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.

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JOANN storefront
Company newsFinanceNewsOhio

GA Group, A&G to Auction 790 JOANN Store Leases

by Abby Cox

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 …

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The Venue at Belden
Investment salesNewsOhio

Axiom Realty Acquires 157,632-Square-Foot Shopping Center in North Canton, Ohio

by Abby Cox

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.

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DevelopmentLeasingNewsOhioRestaurants

New Retailers, Office Tenants to Open at Crocker Park Mixed-Use Development in Westlake, Ohio

by Abby Cox

Westlake, Ohio — Stark Enterprises has leased space to 11 tenants at Crocker Park, the locally-based developer’s mixed-use property in Westlake. A mix of retail and restaurant concepts — Color Me Mine; Garage; Océanne; State & Liberty; Ten Seconds Yunnan Rice Noodle; Tradehome Shoes; and Vera Bradley — have already opened or will be opening in March. Existing retail and office tenants including Arhaus, Palmer Holland and Lucky Shoes have expanded their locations or moved into larger spaces within the development. CPL Architecture, Engineering & Planning has also leased office …

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Kruse Commons
Investment salesNewsOhio

Cooper Commercial Brokers $7.1 Million Sale of Retail Property in Solon, Ohio

by Abby Cox

Solon, Ohio — Cooper Commercial Investment Group has brokered the $7.1 million sale of Kruse Commons located in Solon, roughly 20 miles southeast of Cleveland. The two-building retail property, which stands at approximately 26,000 square feet, is anchored by Panera Bread and ice cream shop Mitchell’s Homemade. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group based in the Cleveland area. A Midwest-based fund purchased the property at a cap rate of 6.75 percent or $276 per square foot. Kruse Commons was 78 percent leased …

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Taylor Square
FinanceNewsOhio

JLL Secures $43.6 Million Financing for Two Shopping Centers in Metro Columbus

by Abby Cox

Reynoldsburg and Dublin, Ohio — JLL Capital Markets has secured two loans totaling $43.6 million for the financing of shopping centers located in the Columbus suburbs of Ohio. DLC Management Corp. is the borrower. The properties include Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin. Built in 2000 and renovated in 2023, Taylor Square totals 378,102 square feet. Walmart Supercenter anchors the 48.3-acre property. Other tenants at the center — which was 99.7 percent leased at the time of sale — include Marshalls, JOANN, Dollar Tree and Bath & …

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Valor Acres
DevelopmentFinanceMixed-useNewsOhio

BGL Real Estate Secures Financing for Mixed-Use Project in Brecksville, Ohio

by Abby Cox

Brecksville, Ohio — Brown Gibbons Lang & Co. (BGL) has secured development financing for the second phase of Valor Acres, a mixed-use project located in Brecksville, approximately fifteen miles south of Cleveland. BGL secured the financing on behalf of the developer and borrower, DiGeronimo Cos. in the transaction. Upon completion, the second phase will comprise 70,000 square feet of retail and entertainment space, 44,000 square feet of office space, 221 apartment units, a 700-space parking garage and an on-site safety station. Fifth Third Bank and First Commonwealth Bank provided the senior …

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ArizonaFinanceFloridaIllinoisNewsOhioOregon

Pine Tree Secures $247 Million Loan for Shopping Center Portfolio

by Hayden Spiess

Oak Brook, III. —  Pine Tree has received a $247 million loan from New York Life Real Estate Investors for portfolio of six shopping centers located in Florida, Arizona, Oregon and Ohio. Pine Tree acquired the properties earlier this year in partnership with an undisclosed state pension fund for $495 million. The centers include The Fountains in Plantation, Florida (430,000 square feet); Arrowhead Crossing in Phoenix (362,000 square feet); Easton Market (501,000 square feet) and Polaris Towne Center (459,000 square feet) in Columbus, Ohio; Kenwood Square in Cincinnati (424,000 square feet); and Tanasbourne Town Center in Hillsboro, Oregon (300,000 square feet). Tenants at the centers, which were 95 percent leased at the time of financing, include Nordstrom Rack, Ulta Beauty, Target, Dick’s Sporting …

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