{"id":1004187438,"date":"2017-08-17T05:52:30","date_gmt":"2017-08-17T13:52:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004187438"},"modified":"2022-12-08T23:17:07","modified_gmt":"2022-12-09T07:17:07","slug":"marcus-millichap-division-sells-182-ksf-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/","title":{"rendered":"Marcus &amp; Millichap Division Sells 182 KSF Retail Center"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004187439\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004187439\" data-attachment-id=\"1004187439\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/north-heights-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\" data-orig-size=\"1074,688\" 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;1502974369&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 Heights Plaza\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg?w=1024\" class=\"wp-image-1004187439 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\" alt=\"The North Heights Plaza in Huber Heights, Ohio \" width=\"300\" height=\"192\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg 1074w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg?resize=300,192 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg?resize=768,492 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg?resize=1024,656 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004187439\" class=\"wp-caption-text\">The North Heights Plaza in Huber Heights, Ohio<\/p><\/div>\n<p>Institutional Property Advisors, a division of Marcus &amp; Millichap, sold North Heights Plaza, an 182,453-square-foot power center in Huber Heights, a suburb of Dayton, Ohio. IPA represented the seller in this transaction, a national real estate investment trust, but also procured the buyer, a private real estate investment fund.\u00a0<\/p>\n<p>Located at 8280 Old Troy Pike, the asset is less than eight miles north of downtown Dayton and in between Dayton International Airport and Wright-Patterson Air Force Base. The Wright State University and the National Museum of the United States Air Force are also nearby. Built in 1990, North Heights Plaza has two anchor tenants that make up 44 percent of the center\u2019s gross leasable space. Other national retail tenants include Five Below, Great Clips, Sally Beauty Supply, Verizon Wireless or Firehouse Subs.<\/p>\n<h2>Difficult sale \u00a0\u00a0<\/h2>\n<p>Senior Directors Craig Fuller, Scott Wiles and Erin Patton worked on behalf of both the seller and the buyer in this deal.\u00a0Anchored by Big Lots and Dick\u2019s Sporting Goods, the <a href=\"https:\/\/www.commercialsearch.com\/news\/miami-commercial-campus-trades-for-12m\/\">retail center<\/a> experienced problems following the loss of a major tenant\u2014HHGregg.\u00a0<\/p>\n<p><em>\u201cThe center was challenged by the loss of one of the anchor tenants, HHGregg, and another anchor, Dick\u2019s Sporting Goods, was on a short-term lease. Nevertheless, we demonstrated the inherent strengths of the asset to the market and sourced a strong buyer,\u201d<\/em> said Fuller, in prepared remarks.<\/p>\n<p><em>Image via Google Street View \u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institutional Property Advisors brokered the sale of North Heights Plaza, a shopping center in Huber Heights, Ohio. The asset is anchored by Dick\u2019s Sporting Goods and Big Lots. <\/p>\n","protected":false},"author":238,"featured_media":1004187439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21743,21783,13,21742,21749],"tags":[35587,35585,35230,34836,35586],"class_list":["post-1004187438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-craig-fuller","tag-erin-patton","tag-institutional-property-advisors","tag-marcus-millichap","tag-scott-wiles"],"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>Marcus &amp; Millichap Division Sells 182 KSF Retail Center - 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\/marcus-millichap-division-sells-182-ksf-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Division Sells 182 KSF Retail Center\" \/>\n<meta property=\"og:description\" content=\"Institutional Property Advisors brokered the sale of North Heights Plaza, a shopping center in Huber Heights, Ohio. The asset is anchored by Dick\u2019s Sporting Goods and Big Lots.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/\" \/>\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=\"2017-08-17T13:52:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:17:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1074\" \/>\n\t<meta property=\"og:image:height\" content=\"688\" \/>\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\/marcus-millichap-division-sells-182-ksf-retail-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/\",\"name\":\"Marcus &amp; Millichap Division Sells 182 KSF Retail Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\",\"datePublished\":\"2017-08-17T13:52:30+00:00\",\"dateModified\":\"2022-12-09T07:17:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/North-Heights-Plaza.jpg\",\"width\":1074,\"height\":688},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Marcus &amp; Millichap Division Sells 182 KSF Retail Center\"}]},{\"@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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