DUBLIN AND REYNOLDSBURG, OHIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $76.3 million sale of a 622,000-square-foot retail portfolio in metro Columbus. The Walmart-anchored shopping centers include the 395,074-square-foot Taylor Square in Reynoldsburg and the 226,718-square-foot Tuttle Crossing in Dublin.
Built between 2000 and 2003, Taylor Square was 99 percent occupied at the time of sale. The tenant roster includes JoAnn, Marshalls, Dollar Tree, Famous Footwear, Bath & Body Works and Smokey Bones. Tuttle Crossing is home to tenants such as Best Buy, Morris Home Furniture, Ross Dress for Less, Golf Galaxy and Cost Plus.
Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, a partnership between New York-based Island Capital and Casto, a local firm. The buyer was a partnership between DLC Management and Principal Asset Management.