{"id":1004206242,"date":"2018-02-07T06:41:10","date_gmt":"2018-02-07T14:41:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004206242"},"modified":"2022-12-08T12:02:21","modified_gmt":"2022-12-08T20:02:21","slug":"ipa-brokers-sale-of-526-ksf-ohio-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\/","title":{"rendered":"IPA Brokers Sale of 526 KSF Ohio Shopping Center"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004206243\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004206243\" data-attachment-id=\"1004206243\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\/marketplace-at-four-corners2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg\" data-orig-size=\"1179,885\" 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;1518012669&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;1&quot;}\" data-image-title=\"Marketplace at Four Corners2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg?w=1024\" class=\"wp-image-1004206243 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg\" alt=\"The Marketplace at Four Corners in Aurora, Ohio \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg 1179w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004206243\" class=\"wp-caption-text\">The Marketplace at Four Corners in Aurora, Ohio<\/p><\/div>\n<p>Institutional Property Advisors has facilitated the sale of Marketplace at Four Corners, a 525,708-square-foot shopping center in Aurora, Ohio, for $55.7 million. A New York-based 1031 exchange investor purchased the retail asset from the Florida-based seller. Anchored by Walmart, Kohl\u2019s, Dick\u2019s Sporting Goods and HomeGoods, the shopping center was almost fully occupied at the time of the deal.\u00a0\u00a0<\/p>\n<p>Located at 7155-7175 Aurora Road, Marketplace at Four Corners is approximately 25 miles southeast of Cleveland in an established retail trade area that serves the metro\u2019s suburbs. The property is easily accessible from interstates 271 and 480. Opened 16 years ago, Marketplace at Four Corners includes major tenants such as Marshalls, Big Lots, Michaels and PetSmart, but also small shop tenants: Five Below, Famous Footwear, AT&amp;T, Subway, Best Cuts and GNC. Walmart is on an existing ground-lease and the next two largest tenants both renewed their leases the past year.<\/p>\n<p>Senior Directors Scott Wiles, Erin Patton and Craig Fuller, together with Dean Zang of the IPA Mid-Atlantic retail team, worked on behalf of both the buyer and the seller in this deal. Last year, the same IPA team brokered the sale of North Heights Plaza, an 182,453-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-division-sells-182-ksf-retail-center\/\">shopping center in Dayton<\/a>, Ohio.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in Aurora, Marketplace at Four Corners traded for $55.7 million. The Marcus &amp; Millichap division procured the seller and the buyer, a 1031 exchange investor.  <\/p>\n","protected":false},"author":238,"featured_media":1004206243,"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":[35587,35585,35230,34836,35586],"class_list":["post-1004206242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IPA Brokers Sale of 526 KSF Ohio Shopping 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\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IPA Brokers Sale of 526 KSF Ohio Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Located in Aurora, Marketplace at Four Corners traded for $55.7 million. The Marcus &amp; Millichap division procured the seller and the buyer, a 1031 exchange investor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ipa-brokers-sale-of-526-ksf-ohio-shopping-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=\"2018-02-07T14:41:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:02:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Marketplace-at-Four-Corners2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1179\" \/>\n\t<meta property=\"og:image:height\" content=\"885\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"IPA Brokers Sale of 526 KSF Ohio Shopping Center\",\"datePublished\":\"2018-02-07T14:41:10+00:00\",\"dateModified\":\"2022-12-08T20:02:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\\\/\"},\"wordCount\":230,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ipa-brokers-sale-of-526-ksf-ohio-shopping-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/02\\\/Marketplace-at-Four-Corners2.jpg\",\"keywords\":[\"Craig Fuller\",\"Erin Patton\",\"Institutional Property Advisors\",\"Marcus &amp; 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