Friday, April 19, 2024
Read the Digital Magazines
Subscribe

Ohio

bentley-coe-plaza-olmsted-ohio
Investment salesMinnesotaNebraskaNewsOhio

Timber Development Corp. Sells Three Shopping Centers Totaling $11.2 Million

by Hayden Spiess

Longwood, Fla. — Timber Development Corp. has completed the sale of three retail centers for a total of $11.2 million. The properties are located in Nebraska, Ohio and Minnesota. Eric Abbott and Zach Taylor of Marcus and Millichap represented Timber in the $4.6 million sale of the Norfolk, Nebraska, shopping center, which comprises 36,500 square feet and is shadow-anchored by Walmart. Bentley Coe Plaza — a 36,600-square-foot center located in Olmsted, Ohio — was purchased for $4.4 million. Kyle Hartung of Goodman Realty brokered the transaction. AJ Prins of CBRE …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gina-Boswell-Bath&Body-CEO
Company newsNewsOhio

Bath & Body Works Appoints New Chief Executive Officer with 30 Years of Experience

by Hayden Spiess

Columbus, Ohio — Bath & Body Works Inc. has appointed Gina Boswell, an industry veteran with more than 30 years of experience, to the role of chief executive officer and member of the Board. Boswell previously served in leadership positions with companies including Unilever, Alberto Culver Co. and The Estee Lauder Cos. and as a board member of the Retail Industry Leaders Association (RILA). Bath & Body’s board of directors voted unanimously in favor of appointing Boswell.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsOhio

F45 Training to Open 2,100-Square-Foot Location in Toledo, Ohio

by Hayden Spiess

Toledo, Ohio — Gym concept F45 Training has signed a lease to open a 2,100-square-foot location at Talmadge Town Center South in Toledo. Tolson Enterprises owns the shopping center, which is situated near Franklin Park Mall. Michael Murphy, Tjader Gerdom and Haley Kelly of Gerdom Realty & Investment represented F45 Training.

Continue Reading
0 FacebookTwitterLinkedinEmail
Champions-Village-Houston
Company newsIdahoNewsOhio

Kroger to Acquire Albertsons in $24.6 Billion Merger of Grocery Giants

by Hayden Spiess

Cincinnati and Boise, Idaho — Kroger Co. (NYSE: KR) and Albertsons Cos. Inc. (NYSE: ACI) have agreed to a merger in which Kroger will acquire all outstanding shares of Albertsons’ common and preferred stock for an estimated total consideration of $34.10 per share, or a total enterprise value of approximately $24.6 billion. The deal includes the assumption of $4.7 billion of Albertsons’ net debt. Both company’s boards of directors unanimously approved the agreement. The purchase price represents an approximately 32.8 percent premium to the closing price of ACI stock on …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsOhio

Marcus & Millichap Arranges $1.9 Million Loan for Refinancing of CVS-Occupied Property in Canton, Ohio

by Hayden Spiess

Canton, Ohio — Marcus & Millichap Capital Corp. (MMCC) has arranged a $1.9 million loan for the refinancing of a 13,225-square-foot retail property occupied by CVS/pharmacy in Canton. The standalone building is located at 2210 W. Tuscarawas St. Christopher Marks of MMCC arranged the 10-year loan, which features a 4.5 percent interest rate, 30-year amortization schedule and 35 percent loan-to-value ratio.

Continue Reading
0 FacebookTwitterLinkedinEmail
Thurber-Village-Columbus-Ohio
DevelopmentGrocery-anchoredMixed-useNewsOhio

CASTO Breaks Ground on Thurber Village Redevelopment in Columbus

by Hayden Spiess

Columbus, Ohio — CASTO has announced the beginning of construction on its redevelopment of Thurber Village, located in Columbus. Following three years of planning, CASTO will undertake renovations to deliver the mixed-use project. The development will be anchored by a 21,000-square-foot Lucky’s Market and will also include a 13,000-square-foot CVS/pharmacy, 225 apartment homes and structured parking.

Continue Reading
0 FacebookTwitterLinkedinEmail
Hunter's Ridge
Investment salesNewsOhio

PEBB Sells Hunter’s Ridge Shopping Center in Suburban Columbus for $10 Million

by Hayden Spiess

Gahanna, Ohio — PEBB Enterprises has sold Hunter’s Ridge Shopping Center, an 84,724-square-foot retail center located in Gahanna, roughly nine miles northeast of Columbus. WB Ventures LLC purchased the property for $10 million. Evan Halkias and Hank Davis of Cushman & Wakefield represented the seller in the transaction. Shadow-anchored by Kroger Marketplace, the center was 93 percent leased at the time of sale. Tenants include Planet Fitness and Goodwill, which together occupy 42 percent of the center’s leasable space. Taco Bell and McDonald’s outparcels are also located at the property …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsOhio

MRI Software Acquires Retail Analytics Provider Springboard

by Hayden Spiess

Cleveland, Ohio — Real estate software solutions provider MRI Software has acquired Springboard. Springboard provides retail activity and shopper insights through the use of plug-and-play software, existing camera networks and proprietary AI-powered algorithms. MRI plans to expand its @Work retail solutions suite, which currently serves 500 retailers and property owners internationally.

Continue Reading
0 FacebookTwitterLinkedinEmail
Market-District
Grocery-anchoredInvestment salesNewsOhioUncategorized

Hanley Investment Group Arranges Sale of 139,000-Square-Foot Shopping Center in Metro Columbus

by Hayden Spiess

Dublin, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of Perimeter Center, a 139,000-square-foot shopping center in Dublin, roughly 17 miles north of Columbus. Ed Hanley and Kevin Fryman of Hanley, in association with ParaSell Inc., represented the buyer, an affiliate of Orton Development Inc., in the 1031 exchange transaction. Perimeter Center was fully leased at the time of sale to tenants including Giant Eagle Market District, Chipotle Mexican Grill, Edward Jones, Enterprise Rent A Car, Sport Clips, UPS Store and Jersey Mike’s Subs. The seller, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsOhio

Marcus & Millichap Brokers $3.7 Million Sale of Retail Property in Suburban Columbus

by Katie Sloan

Gahanna, Ohio — Marcus & Millichap has brokered the $3.7 million sale of an 8,464-square-foot retail property in the Columbus suburb of Gahanna. The property, which was 85 percent leased at the time of sale, is home to City BBQ and WesBanco Bank. CJ Jackson, Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap brokered the transaction. Both the buyer and seller were private, out-of-state investors. The asset sold at 96 percent of the list price, which equates to a cap rate of 6.5 percent.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts