{"id":1004457829,"date":"2020-06-22T05:06:05","date_gmt":"2020-06-22T13:06:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004457829"},"modified":"2020-06-23T06:27:45","modified_gmt":"2020-06-23T14:27:45","slug":"ohio-shopping-center-trades-for-46m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/","title":{"rendered":"Ohio Shopping Center Trades for $46M"},"content":{"rendered":"<div id=\"attachment_1004457832\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004457832\" data-attachment-id=\"1004457832\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/the-plaza-at-chapel-hill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"The Plaza at Chapel Hill\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Plaza at Chapel Hill. &lt;i&gt;Image courtesy of Institutional Property Advisors&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg?w=800\" class=\"wp-image-1004457832 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004457832\" class=\"wp-caption-text\">The Plaza at Chapel Hill. <i>Image courtesy of Institutional Property Advisors<\/i><\/p><\/div>\n<p>A joint venture between America\u2019s Realty, Borough Equities and Dragonfly Investments has completed the $46 million acquisition of The Plaza at Chapel Hill, a 458,935-square-foot shopping center in Cuyahoga Falls, Ohio. First National Bank originated the acquisition loan. At the time of sale, Devonshire REIT owned the property, according to public records. Institutional Property Advisors assisted the seller in the transaction.<\/p>\n<p>Located on 48 acres at 230-564 Howe Ave., the mall was completed in phases between 1985 and 2013. Anchor tenants Burlington and Giant Eagle, as well as retailers Marc\u2019s and T.J. Maxx have been at the location ever since the center opened, according to IPA Senior Managing Director Scott Wiles. The plaza is also home to Dick\u2019s Sporting Goods, Ross Dress for Less and Dollar Tree, among others. The shopping center is close to Ohio Route 8 and roughly 4 miles north of downtown Akron.<\/p>\n<p>Besides Wiles, the brokerage team included, Senior Managing Directors Craig Fuller and Erin Patton, as well as Senior Director Joseph French and Senior Associate CJ Jackson. In May, IPA <a href=\"https:\/\/www.commercialsearch.com\/news\/global-medical-reit-snaps-up-virginia-asset\/\">arranged the $19.3 million sale<\/a> of Dumfries Health Center, a 99,700-square-foot asset in Dumfries, Va.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A three-way partnership purchased the 458,900-square-foot property with financing from First National Bank.<\/p>\n","protected":false},"author":867,"featured_media":1004457832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,21742,21749],"tags":[35587,49336,35585,35845,35230,35586],"class_list":["post-1004457829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-latest","category-retail","tag-craig-fuller","tag-devonshire-reit","tag-erin-patton","tag-first-national-bank","tag-institutional-property-advisors","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>Ohio Shopping Center Trades for $46M - 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\/ohio-shopping-center-trades-for-46m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ohio Shopping Center Trades for $46M\" \/>\n<meta property=\"og:description\" content=\"A three-way partnership purchased the 458,900-square-foot property with financing from First National Bank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/\" \/>\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=\"2020-06-22T13:06:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-23T14:27:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\/ohio-shopping-center-trades-for-46m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/\",\"name\":\"Ohio Shopping Center Trades for $46M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\",\"datePublished\":\"2020-06-22T13:06:05+00:00\",\"dateModified\":\"2020-06-23T14:27:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ohio-shopping-center-trades-for-46m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/The-Plaza-at-Chapel-Hill.jpg\",\"width\":800,\"height\":620,\"caption\":\"The Plaza at Chapel Hill. 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