Saturday, September 20, 2008

Two Shopping Centers in Columbus, OH Listed by Marcus & Millichap for $26.51M

COLUMBUS, OH-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Morse and Northtowne Centre, (top right and bottom left photos) two neighboring shopping centers, totaling 438,650 square feet, in Columbus. The listing price is $26.51 million.

Jason Ladner, an investment specialist in the Milwaukee office of Marcus & Millichap, and John Reehil, an associate in the firm’s Columbus office, are representing the seller, a St. Louis-based property owner.
“This offering is an excellent opportunity for an investor to acquire two well-maintained, multi-tenant shopping centers with strong historical occupancy in an extremely dense retail and residential market,” says Ladner.

Located at Morse and Northtowne, the shopping centers are situated on 40.58 acres. Tenants include Big Lots, Children’s Hospital, Guitar Center, Community Dental, Dollar Tree, Goodwill, H&R Block and Wendy’s.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

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