Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Hanley Closes Columbus-Area Sale of Two-Tenant Retail
Hanley Investment Group Real Estate Advisors arranged the sale of a 118,161-square-foot, two-tenant, Floor & Décor and Arhaus investment property in Hilliard, OH, within the Columbus, OH metro area. The property is positioned within the Mill Run Square shopping center.
EVP Eric Wohl and associate CJ Kiehler, in association with ParaSell, Inc., represented the seller, an affiliate of RCG Ventures of Atlanta. The buyer was a private investor based in Ohio and was represented by Mark Luttner of Luttner Passov Investment Group.
“We generated multiple competitive offers within one week of formally marketing the property for sale and procured an all-cash buyer from the region,” said Wohl. “Investors liked the tenants’ history of strong store sales and healthy lease-term that remained.”
He added, “Floor & Décor and Arhaus were performing well pre-pandemic, but both have seen an increase in store sales during the past 18 months.”
- ◦Sale/Acquisition

