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Ridge Park Square
Grocery-anchoredInvestment salesNewsOhio

JLL Arranges Sale of 386,754-Square-Foot Ridge Park Square in Suburban Cleveland

by Abby Cox

Brooklyn, Ohio — JLL Capital Markets has arranged the sale of Ridge Park Square, a 386,754-square-foot dual grocery-anchored shopping center located in Brooklyn, approximately six miles southwest of downtown Cleveland. Michael Nieder, Brian Page and Mohsin Mirza of JLL’s Investment Sales and Advisory team represented the seller, an affiliate of Zeisler Morgan Properties. The buyer was Atlanta-based RCG Ventures. Completed in 1989, Ridge Park Square was 95 percent leased at the time of sale. Marc’s and Grocery Outlet anchor the retail center, which features a mix of additional tenants such …

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Rita’s Italian Ice & Frozen Custard
Company newsMichiganNewsOhioSouth Carolina

Rita’s Italian Ice Continues Expansion, Plans for 19 New Store Openings in Fourth-Quarter 2025

by Abby Cox

Philadelphia — Pennsylvania-based Rita’s Italian Ice & Frozen Custard plans to open 19 new stores in the fourth quarter as part of an initiative to launch nearly 40 locations in 2025. In the first half of the year, the restaurant chain opened 16 new shops, including locations in Grand Rapids, Michigan; Nexton, South Carolina; and Liberty Township, Ohio. Newly debuted drive-thru models in Fort Worth, Texas, and Cleveland, Ohio, have been a contributing factor to Rita’s expansion efforts, according to company representatives. Founded in 1984, Rita’s Italian Ice & Frozen Custard …

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Polaris Fashion Place
Company newsMixed-useNewsOhio

O’Connor Capital Acquires Full Ownership of Polaris Fashion Place in Columbus, Ohio

by Abby Cox

Columbus, Ohio — O’Connor Capital Partners has acquired full ownership of Polaris Fashion Place, a 1.6 million-square-foot mixed-use lifestyle center located in Columbus. As part of the acquisition, O’Connor will assume full operational control of the center, overseeing day-to-day management, as well as leasing and operations through the existing on-site team. Macy’s, Saks Fifth Avenue and JCPenney anchor Polaris Fashion Place, which has a tenant mix of more than 160 retail, restaurant and entertainment options. Other tenants include Abercrombie & Fitch, American Eagle, Beetlebug Art Collective, BoxLunch, California Pizza Kitchen, …

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Falcon Commons
Investment salesNewsOhio

Cooper Commercial Investment Facilitates $1.6 Million Sale of Falcon Commons in Austintown, Ohio

by Abby Cox

Austintown, Ohio — Cooper Commercial Investment Group has facilitated the $1.6 million sale of Falcon Commons, an 8,446-square-foot retail strip center located at 4774 Mahoning Ave. in Austintown. The five-building property was 80 percent leased to tenants including Subway and Little Caesars Pizza at the time of sale. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, a Central Ohio-based private investment group. The buyer is based in Kentucky.

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Company newsNewsOhio

Kroger Plans to Close 60 Stores Over Next 18 Months

by Abby Cox

Cincinnati — The Kroger Co. has unveiled plans to close approximately 60 stores over the next 18 months. The closures represent about 5 percent of the Cincinnati-based grocer’s stores. Kroger says it is taking a $100 million impairment charge related to the store closings and is committed to reinvesting the savings back into the customer experience. As a result, Kroger says the closures will not impact its full-year guidance. The retailer will offer roles in other stores to all associates currently employed at affected stores. The grocer operates roughly 1,200 …

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Westgate Shopping Center
Investment salesNewsOhioPower centers

JLL Facilitates $51.5 Million Sale of Westgate Shopping Center in Suburban Cleveland

by Abby Cox

Fairview Park, Ohio — JLL Capital Markets has facilitated the $51.5 million sale of Westgate Shopping Center, a 311,440-square-foot regional power center located in the Cleveland suburb of Fairview Park. Originally built in the mid-1950s and renovated in 2007, Westgate Shopping Center sits on 55 acres. Target, Lowe’s, Kohl’s, Planet Fitness, Petco, Marshalls and Ulta Beauty anchor the center, which was 97.2 percent leased at the time of sale. Other tenants at the property include Bath & Body Works, Five Guys, Jersey Mike’s, Club Pilates, The Joint, Great Clips and …

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Carriage Place Shopping Center
LeasingNewsOhio

First National Realty Signs Three Leases at Carriage Place Shopping Center in Ohio

by Abby Cox

Columbus, Ohio — First National Realty Partners (FNRP) has signed three leases at Carriage Place Shopping Center, a 280,910-square-foot shopping center located in Columbus, bringing the center to 99 percent occupancy. The leases are with tenants Fun City Adventure Park, Pet Supplies Plus and Port of Peri Peri. Fun City Adventure Park — which occupies 35,540 square feet — opened at the property in 2024, replacing a Cinemark theater. Restaurant chain Port of Peri Peri is expected to open at the end of 2025, and Pet Supplies Plus is set …

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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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