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Beaumont Buyer Nabs Nine-Property, 759K-SF National Retail Portfolio

Albanese Cormier Holdings shook hands with ShopOne Centers REIT to acquire a nine-property, 758,983-square-foot national retail portfolio, with locations in Indiana, Michigan, Ohio and West Virginia. The sale represents an expansion into Michigan, Ohio and West Virginia for the Beaumont, TX buyer, which has a strong presence in Indiana.

The portfolio is 92% leased to national tenants including Kroger, Giant Eagle, Anytime Fitness and Michaels. Clinton Mitchell, Amy Sands, Frederick Whitman, Kenneth Martin and Bill Poffenberger with JLL represented the New York City seller in the off-market transaction.

The portfolio consists of the following:

Indiana

  • Forest Park Plaza, Brazil
  • Pine Lake Shopping Center, LaPorte

Ohio

  • Amberwood Center, Ashland
  • Barberton Shopping Center, Barberton
  • DeVeaux Village Shopping Center and Reynolds Plaza, Toledo
  • Perrysburg Market Place, Perrysburg

Michigan

  • Phoenix Square, South Haven

West Virginia

  • Huntington Mall, Barboursville

Pictured: Phoenix Square, Southaven, MI

For comments, questions or concerns, please contact Amy Sorter

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