{"id":1004180713,"date":"2017-06-15T07:59:36","date_gmt":"2017-06-15T15:59:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180713"},"modified":"2022-12-08T15:23:24","modified_gmt":"2022-12-08T23:23:24","slug":"glimcher-group-expands-ohio-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/","title":{"rendered":"Glimcher Group Expands Ohio Footprint"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004180721\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004180721\" data-attachment-id=\"1004180721\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/north-olmsted\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\" data-orig-size=\"1339,827\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497546634&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"north olmsted\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg?w=1024\" class=\"wp-image-1004180721 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\" alt=\"The North Olmsted Towne Center in Cleveland \" width=\"300\" height=\"185\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg 1339w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg?resize=300,185 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg?resize=768,474 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg?resize=1024,632 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004180721\" class=\"wp-caption-text\">The North Olmsted Towne Center in Cleveland<\/p><\/div>\n<p>The Glimcher Group purchased North Olmsted Towne Center, a retail center in the Southwestern Cleveland neighborhood of North Olmsted, for $15.9 million, according to <em>Crain\u2019s Cleveland<\/em>. The seller, Norcar Co. LLC of McLean, Va., first acquired the asset back in 2013 for $17.8 million.<\/p>\n<p>Located at 24954-25102 Brookpark Road, about 17 miles <a href=\"https:\/\/www.commercialsearch.com\/news\/kay-jewelers-and-american-commodore-tuxedo-reopen-in-ohio-shopping-center\/\">southwest of Cleveland<\/a>, the shopping center is on the north side of Interstate 480, at the corner of Brookpark Road and Great Northern Boulevard. The asset is anchored by La-Z-Boy, Tile Shop, Party City, David&#8217;s Bridal and shadow-anchored by a 123,000-square-foot Target store that is separately owned.\u00a0<\/p>\n<h2>Buckeye State buys<\/h2>\n<p>The company already owns six other retail centers in Northeast Ohio, including the Elmhurst Plaza in Warren, the Belden Village Commons in Canton and the Landrwood Plaza in Pepper Pike. North Olmsted Towne Center features four buildings along Brookpark Road. At the time of purchase, the asset was 94 percent leased.<\/p>\n<p>The sale does not include second-floor office space in the purchased buildings that is still owned by the original developer of the property, an affiliate of Carnegie Management Co.<\/p>\n<p>The Glimcher Group owns more than 7 billion square feet across 50 shopping center properties.\u00a0<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David&#8217;s Bridal and Party City.<\/p>\n","protected":false},"author":238,"featured_media":1004180721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21743,21783,13,21742,21749],"tags":[36200,34545,36199],"class_list":["post-1004180713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-carnegie","tag-target-corporation","tag-the-glimcher-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Glimcher Group Expands Ohio Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glimcher Group Expands Ohio Footprint\" \/>\n<meta property=\"og:description\" content=\"The company purchased the 95,446-square-foot North Olmsted Towne Center for $15.9 million from Norcar Co. LLC. The retail center comprises four buildings, with tenants such as David&#039;s Bridal and Party City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-15T15:59:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:23:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1339\" \/>\n\t<meta property=\"og:image:height\" content=\"827\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/\",\"name\":\"Glimcher Group Expands Ohio Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\",\"datePublished\":\"2017-06-15T15:59:36+00:00\",\"dateModified\":\"2022-12-08T23:23:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/north-olmsted.jpg\",\"width\":1339,\"height\":827},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-group-expands-ohio-footprint\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glimcher Group Expands Ohio Footprint\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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