 |
Amy Sands
|
CHICAGO,
ILL – JLL Capital
Markets has closed the $35 million
sale and the $17.65 million acquisition financing of Perimeter Center, a
138,536-square-foot, grocery-anchored retail center located in Dublin, Ohio
within the Columbia MSA. |
Clinton Mitchell
|
JLL represented the seller in this
transaction. Hanley Investment Group’s Executive Vice President Kevin Fryman
and President Ed Hanley, along with ParaSell, Inc., represented the 1031
exchange buyer, an affiliate of Orton Development, Inc., with offices in
Pasadena, California. |
Michael Nieder
|
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder. The JLL Retail Capital Markets Debt Advisory Team was led by Senior Director Chris Knight.
 |
Chris Knight
|
JLL
also worked on behalf of the new buyer to secure the ten-year, fixed-rate loan
through Mutual of Omaha Insurance Company.
The 99-percent-occupied Perimeter Center
is anchored by the high-performing Giant Eagle Market District, which has over
a 20-year operating history at the site.
 |
Kevin Fryman
|
Additional
tenants include Chipotle, First Watch Rusty Bucket, Crumbl Cookies, Jersey
Mikes, Salon Lofts, The Blowout Bar and UPS. |
Ed Hanley
|
Situated at 6644 – 6804 Perimeter Loop
Rd., the property is located off of U.S. Route 33 with a vehicles per day count
of 75,000.
Within
five miles of the property is a customer base of 154,139 and an average
household income of $131,839.
CONTACT:
Jenna
Sharp, Associate, Public Relations
Phone: +1 214 394-3356
Email: Jenna.Sharp@am.jll.com
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