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Chicago & Midwest  + Midwest  + Retail  | 
Perimeter Center in Dublin, Ohio is anchored by a Giant Eagle Market District grocery store

Hanley Arranges 1031 Deal for Grocery-Anchored Center in Columbus Metro

Hanley Investment Group Real Estate Advisors has arranged the sale of Perimeter Center, a fully leased 139,486-square-foot shopping center anchored by a Giant Eagle Market District grocery store in Dublin, OH, within the Columbus metro area. Terms of the sale weren’t disclosed. 

EVP Kevin Fryman and president Ed Hanley, in association with ParaSell, Inc., represented the 1031 exchange buyer, an affiliate of Orton Development, Inc. with offices in Pasadena, CA. The seller was an institutional real estate owner, operator and developer of a national portfolio and was represented by the JLL Retail Capital Markets team led by Managing Directors Clinton Mitchell and Amy Sands. 

“The buyer sold an industrial property in Northern California and wanted to acquire an institutional quality shopping center located in a robust market with strong demographics,” said Fryman. “The average household income within five miles of the shopping center is $132,000.”


Inside The Story

Hanley Investment Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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