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Chicago & Midwest  + Midwest  + Retail  | 

Berengaria Acquires Grove City Power Center

Marcus Investments’ Berengaria Development has acquired Parkway Centre North, a power center within the Parkway Centre retail development in Grove City, Ohio. Terms were not disclosed. The 142,000 square-foot center is along the I-270 freeway, and just 15 minutes from downtown Columbus and Ohio State University.

“We frequently look for opportunities in industries that are out of favor where we can take the longer view,” said Christopher Nolte, president of Marcus Investments. “Retail is one of those businesses, and we believe this perspective will provide a good return for both our company and our investors.”

Berengaria partnered with the Africk Family Office, which owns a diversified portfolio of multifamily, commercial, and industrial real estate nationwide. This is the second asset the two groups have purchased together. The property is 100% leased to a tenant mix that includes Best Buy and Dick’s Sporting Goods, shadow-anchored by Home Depot and Kohls.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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