JRW Realty Arranges Deal for Grocery-Anchored Center in Columbus
JRW Realty, a commercial real estate brokerage that sources net-leased properties on behalf of institutional clients, facilitated the purchase of Walnut Creek Plaza in Columbus, OH, on behalf of one of its institutional buyers. Deal terms weren’t disclosed.
The property, a 115,777-square-foot shopping center anchored by a 86,608-square-foot Giant Eagle grocery store, also features 13 in-line and outparcel tenants operating in healthcare, banking, retai, and other services.
Nathan Webb, a real estate associate at JRW Realty, sourced and coordinated the transaction on behalf of the buyer. CBRE represented the seller.
Webb said this Giant Eagle center represents an excellent addition to the buyer’s growing real estate platform, which has a focus on acquiring grocery-anchored shopping centers.
“Real estate acquisitions and closings are largely a collaborative business, and we were very impressed with the perseverance our industry associates have shown in a more challenging market,” said Webb.