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Chicago & Midwest  + Midwest  + Retail  | 
Mill Run Square Hilliard OH

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.”

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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).

  • ◦Sale/Acquisition
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