REBusinessOnline

MARCUS & MILLICHAP BROKERS SALE OF 128,028-SQUARE-FOOT RETAIL CENTER

KENT, OHIO — Marcus & Millichap has brokered the sale of University Plaza, a 128,028-square-foot retail center located at Cherry and South Water streets in Kent. An undisclosed investor has acquired the property from an undisclosed developer. The asset, which is anchored by a Save-A-Lot grocery store, commanded a sales price of $1.95 million. Additional tenants at the 65 percent occupied center include Dollar General, Fashion Bug and the 29,650-square-foot Plaza Theatres. Erin Wiles-Patton and Scott Wiles in the Columbus, Ohio, office of Marcus & Millichap represented both parties in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
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