Ohio

Wilmington, Ohio — Cleeman Realty Group has arranged the off-market sale of Wilmington Plaza, a 198,085-square-foot retail center in Wilmington, Ohio. An undisclosed buyer represented by Jeremy Scheer and David Kaufman of Cleeman purchased the property for $7.9 million. Kroger anchors the center, which was 83 percent leased at the time of sale. “The buyer was attracted to the strong performing anchor tenant, national tenant lineup and upside potential through the lease-up of 33,000 square feet of vacant space,” says Scheer. The seller was also undisclosed. 

Beachwood, Ohio — The Cooper Commercial Investment Group has negotiated the $3.8 million sale of a single-tenant property occupied by P.F. Chang’s in Beachwood, about 19 miles from Cleveland. The restaurant’s lease expires in 2025. Dan Cooper of Cooper Group represented the seller, a private investment group, and procured the all-cash buyer. The property sold for $543 per-square-foot and at approximately 98 percent of the list price.

Springdale, Ohio — MarketSpace Capital and Park Harbor Capital, two private real estate investment and development firms based in Texas, have officially closed on their purchase of Tri-County Mall, an enclosed, 1.3 million-square-foot regional shopping center in the Cincinnati suburb of Springdale. The co-developers plan to transform the mostly vacant mall into a $1 billion redevelopment project housing residences, offices, restaurants, shops, a school, entertainment venues and green space. The redevelopment received unanimous approval from the Springdale City Council about 10 weeks ago. MarketSpace and Park Harbor are set to …

Columbus, Ohio — First National Realty Partners has acquired Consumer Square West in Columbus. The 218,000-square-foot shopping center is situated on 25 acres along Soldano Boulevard. A 65,000-square-foot Kroger store anchors the center. Other tenants include Planet Fitness, Rainbow Apparel, Dollar Tree, Shoe Show, Bargain Hunt, Pet Supplies Plus and Sally Beauty. Scott Wiles of Marcus & Millichap represented the undisclosed seller in the transaction.

Cincinnati — Cooper Commercial Investment Group has brokered the sale of Meadows Plaza in Cincinnati for an undisclosed price. The 11,746-square-foot retail center was fully leased at the time of sale to tenants such as Harper’s Point Eye Associates, Allstate Insurance, Reliable Staffing and AnyLabTestNow. Dan Cooper of Cooper Group represented the seller, a metro Cincinnati-based private investor. A West Coast-based buyer purchased the property.

Boardman, Ohio — First National Realty Partners has acquired Southland Crossings, a 245,678-square-foot grocery-anchored shopping center located at 1150-1300 Doral Drive in the Youngstown suburb of Boardman. Southland Crossings was 91 percent occupied at the time of sale by tenants including a 77,592-square-foot Giant Eagle Supermarket, Ross Dress for Less, PetSmart, DSW and Michaels.

Grove City, Ohio — JLL Capital Markets has arranged the $17.7 million sale of Derby Square, a 125,250-square-foot neighborhood shopping center in Grove City, about 10 miles from Columbus. Amy Sands, Clinton Mitchell, Michael Nieder and Bill Poffenberger of JLL represented the seller, a joint venture between Madison International Realty and SITE Centers Corp. A private buyer based in the Midwest acquired the asset. Derby Square was 99 percent leased at the time of sale to tenants including Giant Eagle, Once Upon a Child, Plato’s Closet, Novacare Rehabilitation, Salon Lofts, …