Chicago & Midwest + Midwest + Retail | December 9, 2022

The Patton | Wiles | Fuller Group of Marcus & Millichap arranged the sale of Plaza Shopping Center in Lancaster, OH

Marcus & Millichap’s Patton | Wiles | Fuller Group Brokers Columbus-Area Shopping Center Sale

Marcus & Millichap arranged the sale of Plaza Shopping Center, a 210,522-square-foot community shopping center located in Lancaster, OH, within the Columbus metropolitan area. The property sold for $10.6 million to Baltimore-based America’s Realty LLC.

The sale was brokered by the Patton | Wiles | Fuller Group of Marcus & Millichap by Scott Wiles, senior managing director, and CJ Jackson, first VP, along with senior managing directors Erin Patton and Craig Fuller, who had the assignment to market the property on behalf of the seller, an Ohio-based REIT. The group also procured the purchaser, Americas Realty, which has completed several acquisitions and dispositions with the team in the past.

Plaza Shopping Center is located at 1283 N Memorial Drive in Lancaster. The property was 87% occupied at the time of sale and is anchored by a charity furniture store, Ollie’s Bargain Outlet, and Planet Fitness.

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Patton | Wiles | Fuller 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 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).