Ohio

Johnstown, Ohio — CBRE has negotiated the $15.6 million sale of a newly developed truck stop and convenience store property occupied by 7-Eleven (Speedway) in Johnstown near New Albany. The 4,816-square-foot property sits at the entrance to the 9,000-acre New Albany International Business Park. 7-Eleven occupies the asset under a new 15-year triple-net lease. CBRE’s Melissa Marshall, Ian Schroeder and David McNevin represented the buyer, a private investor based in Southern California. The seller was an Ohio-based commercial real estate developer.

Cincinnati — Cooper Commercial Investment Group has negotiated the $7 million sale of Springdale Town Center, a 43,071-square-foot retail and medical center located in Cincinnati. Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group represented the seller, an East Coast-based private investment group, in the transaction. A private New York group purchased the property for 99 percent of the asking price. Built in 2007, the center features 13 tenants including Waffle House, Republic Finance, Cincinnati Foot & Ankle Care, Marathon Healthy, Subway, Domino’s Pizza and Proscan Imaging, among …

Gahanna, Ohio — CBRE has brokered the $3.4 million sale of a newly constructed, freestanding convenience store located in Gahanna, a northwest suburb of Columbus. Sheetz occupies the building on a 15-year triple-net ground lease. Karly Iacono of CBRE represented the all-cash buyer in the transaction. Stephanie Beaumier of Casto represented the seller, an entity doing business as CP Crescent, LLC.

Cincinnati — The Cooper Commercial Investment Group has arranged the sale of Spring Hill Center, a 27,299-square-foot multi-tenant retail property located in Cincinnati. Dan Cooper of Cooper Commercial represented the seller, an Ohio-based investment group, in the transaction. The buyer was a New York-based investor. The deal closed at an 8 percent cap rate. Spring Hill Center is anchored by Dollar General. 

Toledo, Ohio — Atlantic Capital Partners has arranged the $6.2 million sale of North Towne Commons, a 98,268-square-foot retail center located in Toledo. North Towne Commons, which was 58 percent leased at the time of sale, features a mix of tenants including Ross Dress for Less, Five Below, Michaels, Shoe Show, Pet Supplies Plus and Aaron’s. Target and Kroger shadow anchor the property. Teddy Driscoll of Atlantic Capital Partners represented both the buyer and the seller in the transaction.