Two retail centers in Dayton, Ohio, are among those that Glimcher Realty Trust has on the market as part of its plan to sell 13 shopping centers around the country. The REIT hopes to raise up to $300 million from the sale and use the proceeds to fund redevelopment.
Highland Plaza, a 100,000-square-foot shopping center in the Dayton, Ohio, area has traded for an undisclosed amount. Plano, Texas-based CXA is the buyer. The sale suggests that more out-of-town buyers are interested in this market's real estate, this article says.
Retail centers in the Jacksonville, Fla., area are learning to attract non-retail tenants to fill their space. There are 43 businesses in three area retail centers, but only four actually sell products such as sportswear or jewelry. The rest are service providers.
Grubb & Ellis Healthcare REIT purchased several health care properties in Ohio, Colorado and Missouri in December after its merger with NNN Realty Advisors Inc. A three-building, multi-tenant office complex in Dayton, Ohio, was the largest of the deals.