Marcus & Millichap brokered the sale of Plaza Shopping Center, a 210,522-square-foot community shopping center in Lancaster, Ohio, 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 vice president, 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 Patton | Wiles | Fuller Group of Marcus & Millichap also procured the purchaser, Americas Realty LLC, who 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 percent occupied at the time of sale and is anchored by a charity furniture store, Ollie’s Bargain Outlet, and Planet Fitness. Additional national tenants include AutoZone, Family Dollar, UPS Store, Rent-A-Center, CosmoProf, and Buffalo Wild Wings.
