{"id":1004755843,"date":"2025-04-29T00:45:27","date_gmt":"2025-04-29T08:45:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004755843"},"modified":"2025-04-29T00:45:28","modified_gmt":"2025-04-29T08:45:28","slug":"rcg-ventures-buys-cincinnati-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-buys-cincinnati-retail-center\/","title":{"rendered":"RCG Ventures Buys Cincinnati Retail Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004755851\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/default-100\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg\" data-orig-size=\"1485,1114\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;1.7&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FC8482&quot;,&quot;caption&quot;:&quot;default&quot;,&quot;created_timestamp&quot;:&quot;1711289730&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;5.67&quot;,&quot;iso&quot;:&quot;110&quot;,&quot;shutter_speed&quot;:&quot;0.00015625&quot;,&quot;title&quot;:&quot;default&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"default\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;default&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg\" alt=\"Pinnacle Nord du Lac, a  215,058-square-foot retail center in Covington, La., part of RCG's portfolio.\" class=\"wp-image-1004755851\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg 1485w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Pinnacle-Nord-du-Lac-in-Covington-La-edited.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Pinnacle Nord du Lac is an Academy Sports &amp; Outdoors-anchored, 215,058-square-foot retail center in RCG Ventures&#8217; portfolio. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>RCG Ventures has acquired The Streets of West Chester, a 237,000-square-foot shopping center near Cincinnati, according to CommercialEdge information. AR Global sold the property for $21.3 million or $90.23 per square foot.<\/p>\n\n\n\n<p>The shopping center previously traded in 2014, when AR Global purchased it from DWS Asset Management for $35.7 million or $150.63 per square foot, the same source shows.<\/p>\n\n\n\n<p>The Streets of West Chester came online in 2003 at 9435 Civic Centre Blvd. in West Chester, Ohio, some 19 miles north of downtown Cincinnati. <\/p>\n\n\n\n<p>Topgolf, AMC Theaters, Loft and Barnes &amp; Noble anchor the retail center. Avalon Nail Lounge, Bravo! Cucina Italiana, Flame India Restaurant and Voodoo Brewing Co. are also on the roster.<\/p>\n\n\n\n<p>The property occupies a 47-acre site just off Interstate 75. The shopping center serves 135,475 individuals living within a 5-mile radius, as well as 52,815 households with an average income of $114,243 per year, according to RCG Ventures\u2019 data from 2024.<\/p>\n\n\n\n<p>Since its inception in 2003, RCG has invested approximately\u00a0$2.7 billion\u00a0in retail assets. The firm&#8217;s portfolio spans 23 million square feet across more than 30 states.\u00a0<\/p>\n\n\n\n<p>More recently, a subsidiary of RCG Ventures Holdings LLC <a href=\"https:\/\/www.commercialsearch.com\/news\/rcg-ventures-strikes-1-8b-portfolio-deal\/\">purchased 100 non-core retail properties<\/a> from Global Net Lease Inc. for $1.8 billion. For this transaction, RCG assumed a pre-existing debt of $470 million and paid a $25 million non-refundable deposit to Global Net Lease.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property previously traded for $36 million in 2014.<\/p>\n","protected":false},"author":3619,"featured_media":1004755851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21783,13,21742,21749],"tags":[36332,38545],"class_list":["post-1004755843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-investment","category-midwest","category-latest","category-retail","tag-ar-global","tag-rcg-ventures-llc"],"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>RCG Ventures Buys Cincinnati Retail Center - 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