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Shoppes at River Ridge
Dublin, OH
PROPERTY CHARACTERISTICS
- 95,000 sf lifestyle shopping center
- Located in an affluent suburb of Columbus, OH
ACQUISITION
- December 2011
INVESTMENT OPPORTUNITY
- Bank-owned property developed just prior to the Great Recession
- Unlevered acquisition at a fraction of replacement cost
- Located in an area with superb demographics
EXECUTION
- Property only 18% occupied at its lowest point; through aggressive leasing, increased occupancy to its present 98%
- Terminated anchor lease to earn a substantial fee and sold an outparcel to reduce cost basis
- Repositioned away from national lifestyle retailers to quality tenants displaced by local redevelopment
LEARN more
Visit Project Website