{"id":1004741627,"date":"2024-12-23T13:03:07","date_gmt":"2024-12-23T21:03:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004741627"},"modified":"2024-12-23T13:46:33","modified_gmt":"2024-12-23T21:46:33","slug":"ipa-arranges-76m-shopping-center-portfolio-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ipa-arranges-76m-shopping-center-portfolio-sale\/","title":{"rendered":"IPA Arranges $76M Retail Center Portfolio Sale"},"content":{"rendered":"\n

<\/p>\n\n\n\n

\"The<\/a>
Both Taylor Square and Tuttle Crossing are anchored by a Walmart. Image courtesy of Institutional Property Advisors<\/em><\/figcaption><\/figure>\n\n\n\n

Institutional Property Advisors has arranged the $76.3 million sale of a shopping center portfolio in metro Columbus, Ohio. The property collection consists of Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin, two retail assets totaling 622,000 square feet.<\/p>\n\n\n\n

Taylor Square traded for $55.3 million, while Tuttle Crossing sold for $21 million, according to CommercialEdge information.<\/p>\n\n\n\n

Island Capital in partnership with Casto sold the two shopping centers to DLC Management and Principal Asset Management. IPA Senior Managing Directors Erin Patton, Scott Wiles and Craig Fuller brokered the deal on behalf of the sellers.<\/p>\n\n\n\n

Two Walmart-anchored retail centers<\/h2>\n\n\n\n

Completed between 2000 and 2003, Taylor Square is a 395,074-square-foot retail center featuring nine one-story buildings. Just off Interstate 70 and near Route 256, Taylor Square is the largest shopping center in the area. The tenant roster at the Walmart Supercenter-anchored center includes JoAnn, Marshalls, Dollar Tree, Famous Footwear, Bath & Body Works and Smokey Bones. Taylor Square was 99 percent leased at the time of sale.<\/p>\n\n\n\n

The 226,718-square-foot Tuttle Crossing in Dublin covers a 19-acre site. The shopping center is situated off Interstate 270 exit ramps at Tuttle Crossing Boulevard. Its tenant roster includes Best Buy, Foot Locker, JCPenney, Bath and Body Works and Macy\u2019s. Tuttle Crossing is also anchored by a Walmart.<\/p>\n\n\n\n

Downtown Columbus is equidistant to the two assets, some 14 miles west of Taylor Square and south of Tuttle Crossing.<\/p>\n\n\n\n

The retail sector<\/a> has seen a significant post-pandemic recovery, attracting both investors and luxury retailers. A JLL report attributes this improved performance to a pedestrian-friendly infrastructure that increases foot traffic in prime urban corridors, including Miami\u2019s Design District, Boston\u2019s Newbury Street and Seaport, as well as Chicago\u2019s Fulton Market and Wicker Park.<\/p>\n","protected":false},"excerpt":{"rendered":"

The assets total more than 600,000 square feet.<\/p>\n","protected":false},"author":3619,"featured_media":1004741629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21783,13,21742,21749],"tags":[37328,34835,35230,52388],"class_list":["post-1004741627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-investment","category-midwest","category-latest","category-retail","tag-casto","tag-dlc-management-corporation","tag-institutional-property-advisors","tag-principal-asset-management"],"acf":[],"yoast_head":"\nIPA Arranges $76M Retail Center Portfolio Sale - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Institutional Property Advisors secured the $76.3 million sale of a retail portfolio in metro Columbus, Ohio, totaling 622,000 square feet.\" \/>\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-arranges-76m-shopping-center-portfolio-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IPA Arranges $76M Retail Center Portfolio Sale\" \/>\n<meta property=\"og:description\" content=\"Institutional Property Advisors secured the $76.3 million sale of a retail portfolio in metro Columbus, Ohio, totaling 622,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ipa-arranges-76m-shopping-center-portfolio-sale\/\" \/>\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=\"2024-12-23T21:03:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-23T21:46:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/Taylor-Square-Tuttle-Crossing-in-metro-Columbus-Ohio-e1734704138831.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"552\" \/>\n\t<meta property=\"og:image:height\" content=\"413\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\/ipa-arranges-76m-shopping-center-portfolio-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ipa-arranges-76m-shopping-center-portfolio-sale\/\",\"name\":\"IPA Arranges $76M Retail Center Portfolio Sale - 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