{"id":1004766143,"date":"2025-07-24T04:20:04","date_gmt":"2025-07-24T12:20:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004766143"},"modified":"2025-07-24T07:52:37","modified_gmt":"2025-07-24T15:52:37","slug":"oconnor-capital-buys-majority-stake-in-columbus-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oconnor-capital-buys-majority-stake-in-columbus-mall\/","title":{"rendered":"O\u2019Connor Capital Buys Majority Stake in Columbus Mall"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004766147\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oconnor-capital-buys-majority-stake-in-columbus-mall\/the-crosslands-kissimmee-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png\" data-orig-size=\"800,600\" 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 Crosslands Kissimmee, Fla.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png\" alt=\"Exterior shot of The Crosslands, a retail center in Kissimmee, Fla.\" class=\"wp-image-1004766147\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/The-Crosslands-Kissimmee-Fla.png?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">O\u2019Connor Capital also owns The Crosslands, a retail center in Kissimmee, Fla. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>O\u2019Connor Capital Partners has consolidated its full ownership of Polaris Fashion Place, a 1.3 million-square-foot mall in Columbus, Ohio. The company has been investing in the property for over a decade. Washington Prime Group Inc. previously owned the majority stake in the asset, according to Yardi Research Data. Following the acquisition, O\u2019Connor Capital will take over day-to-day operations, management and leasing through an on-site team.<\/p>\n\n\n\n<p>The mall came online in 2000 at 1500 Polaris Parkway, within the 2,000-acre POLARIS Centers of Commerce. Anchored by Macy\u2019s and JCPenney and shadow-anchored by IKEA, the property features more than 160 tenants, including Barnes &amp; Noble, The Cheesecake Factory, H&amp;M, Crocs, Abercrombie &amp; Fitch, Chick-fil-A, Apple Store and Starbucks. Polaris Fashion Place has roughly 10.3 million annual visits.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">Retail Industry Trends<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The shopping center is located at the intersection between Interstate 71 and Ohio State Route 750. Downtown Columbus is some 15 miles south.<\/p>\n\n\n\n<p>Columbus&#8217; retail market continued to witness\u00a0negative net absorption in the second quarter of this year, according to a recent Cushman &amp; Wakefield report, a trend that has constantly manifested itself over the past five quarters. Vacancy rates rose 80 basis points year-over-year to 4.4 percent, still remaining below the national 5.8 percent, the report also shows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-o-connor-capital-s-recent-activity\">O&#8217;Connor Capital&#8217;s recent activity<\/h2>\n\n\n\n<p>Founded four decades ago, O&#8217;Connor Capital Partners currently has $6.5 billion worth of assets under management across the U.S. The company&#8217;s portfolio, comprising retail, office, industrial and residential properties, includes 20 million square feet of commercial space.<\/p>\n\n\n\n<p>Last month, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/frontrange-oconnor-form-150m-jv\/\">formed a $150 million programmatic joint venture<\/a> with FrontRange Capital to develop triple net leased retail properties across East Coast markets. The venture is funded by a FrontRange-managed fund backed by a major U.S. university endowment, with O\u2019Connor leading site selection, development and leasing, while FrontRange handles asset management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has been investing in the 1.3 million-square-foot property for over a decade.<\/p>\n","protected":false},"author":3619,"featured_media":1004766147,"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":[34254,34071],"class_list":["post-1004766143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-investment","category-midwest","category-latest","category-retail","tag-oconnor-capital-partners","tag-washington-prime-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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