MidwestRetail Gorjian Acquisitions sells portfolio of eight mixed-use and retail properties July 29, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Joel Gorjian, a national real estate investor and president and chief executive officer of Great Neck, New York-based Gorjian Acquisitions, has completed the sale of the firm’s portfolio of eight retail and mixed-use properties. The sold portfolio totals more than 500,000 square feet and includes properties in Saint Clairsville, Ohio; Milwaukee, Wisconsin; Indianapolis and Gary, Indiana; Cabool, Missouri; as well as other assets in the Southeast and Northeast. The transaction was valued in excess of $25 million. The sold portfolio included the following assets: the Saint Clairsville Plaza shopping center in Saint Clairsville, Ohio; the Bradley Square mixed-use office and medical services property in Milwaukee, Wisconsin; the Cabool Center neighborhood retail center in Cabool, Missouri; the single-tenant Dunkin Donuts building in Gary, Indiana; the Lafayette Center shopping mall in Indianapolis, Indiana; the retail condominium within a mixed-use residential and retail building at 489 Atlantic Avenue in Brooklyn, New York; the single-tenant Family Dollar property in Danville, Virginia; and the Oglethorpe Plaza shopping center in Albany, Georgia. The Saint Clairsville Plaza in Saint Clairsville, Ohio is a 24,000-square foot, four-unit neighborhood shopping center anchored by Dollar General. It is located on a 9.5-acre site at 51710 National Road East, one mile from Interstate 470’s Exit 1 at Banfield Road. The freestanding, 19,545-square foot Bradley Square houses medical and professional services tenants, including a State Farm insurance office, a podiatry office, a senior day care, and a mortgage financing office. The building is located at 7919-7961 North 76th Street, near a busy intersection of North 76th Street and West Bradley Road in Milwaukee, Illinois. The Cabool Center is a 14,129-square foot multi-tenant, Dollar General-anchored strip retail center located on a one-acre site at 523 Ozark Avenue in Cabool, Missouri. The property sits at the busy intersection of Ozark Avenue and Cedar Avenue. The 1,981-square foot Dunkin Donuts retail property in Gary, Indiana is located at 6060 East Ridge Road. The Lafayette Center at 4233 Lafayette Road in Indianapolis, Indiana is a 116,318-square foot strip shopping center anchored by Value City Furniture. It is located less than a quarter mile from Interstate 65 and two miles from the Indianapolis Motor Speedway. The 8,625-square foot Family Dollar single tenant property is located at 604 North Main Street in Danville, Virginia. The asset’s site is within both an opportunity zone and Danville enterprise zone. It features a 23-car surface parking lot. Located at 1604 East Oglethorpe Boulevard in Albany, Georgia, the 109,000-square foot Oglethorpe Plaza shopping center is anchored by the Roses discount department store and City Trends, a value-priced retailer of urban fashion apparel and accessories. The center is located on a 12-acre lot, right at the interexchange of North Slappey Boulevard, U.S. Highway 19, the Liberty Expressway, and U.S. Route 82. The property at 489 Atlantic Avenue in Brooklyn, NY is a 2,335-square foot, vacant, street-level retail condominium within a five-story, mixed-use building with a residential component. The asset is located two blocks away from the Atlantic Terminal transportation hub and Barclays Center, the home of the NBA’s Brooklyn Nets.