Blog

Meijer buys land near Waterville

March 2, 2015

Meijer Inc. has purchased a 25-acre site near Waterville where it plans to build a grocery and general goods store. The Grand Rapids, Mich.-based retailer, which already has five stores in the Toledo area, had obtained a purchase option for the site on Waterville Swanton Road near U.S. 24 in 2013. It decided to buy the property at the end of January for $3.9 million. The sale was recorded Monday. Meijer spokesman Frank Guglielmi said the company has no timetable for groundbreaking or a store opening. “Whenever we’re considering a location for a store we’ll sign a contract to purchase a property. Then do our due diligence and buy the property, and then go through the process of working with the community,” he said. “This is not a store that we’re looking at building anytime soon…

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Devonshire’s Monroe Street Market Square

February 18, 2015

Toledo Ballet gets new home – Toledo Blade

Area dancers and singers will have fresh new spaces in which to learn and grow, thanks to developments at the Toledo Ballet Association and Lourdes University. For the Toledo Ballet, now in its 75th year, a move westward will bring more space, easier access, and better accommodations for students of dance, drama, voice, and fitness. Due to open for classes and rehearsals Monday, the new digs at 5327 Monroe St., (next door to Hobby Lobby) will be almost 9,000 square feet. The headquarters will comprise four spacious studios, office and meeting space, an airy lobby and study room, and changing rooms with showers, plus a dedicated workout area. Centerpiece of the new headquarters will be Studio C, named in honor of company founder, Marie Vogt…

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Northeast Ohio retail vacancy rate reaches lowest point since 2007 – Cleveland Business News – Northeast Ohio and Cleveland – Crain’s Cleveland Business

February 16, 2015

High-profile retail setbacks — from the ongoing closings of RadioShack locations to the shuttering of Macy’s Richmond Heights store and likely cuts if the recently announced Staples/Office Depot merger goes through — are roiling the industry, but they mask the essential strengthening of the market in Northeast Ohio.

New statistics from CBRE Group Inc. show retail vacancy here declined to 9% as of Dec. 31, 2014, from 12.4% the year before. It also marks the first time since 2008 that vacancy has declined in two consecutive years. Retail vacancy in the region now is at its lowest since 2007, when it was 8.8%….

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PetSmart store to join revamped retail area – Toledo Blade

November 21, 2014

The owners of the revamped Shops at Franklin Place said Friday they have signed four new retailers to fill the Monroe Street shopping center. Coming soon will be PetSmart, general merchandise discounter Five Below, and children’s apparel retailers Carter’s and OshKosh B’Gosh. All four stores should be open by April, officials said. Devonshire REIT of Whitehouse purchased the 28-acre shopping center last fall and quickly went to work razing the old Franklin Park Cinemas.

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[CNBC] Devonshire REIT Completes $88.4M Acquisition of Three Shopping Centers

November 17, 2014

WHITEHOUSE, Ohio, Nov. 12, 2014/ PRNewswire/– Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of 3 new properties: The Plaza at Chapel Hill in Akron/ Cuyahoga Falls, Ohio; Oak Park Town Center in Chattanooga, Tennessee and Forest Park Plaza in Brazil, Indiana. The Plaza at Chapel Hill is a 456,044 square foot regional power…

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Devonshire REIT Completes $88.4M Acquisition of Three Shopping Centers

November 11, 2014

WHITEHOUSE, OH,  November 11,  2014 -­‐-­‐ Devonshire REIT,  Inc., a private real estate investment trust, announced today the acquisition of 3 new properties: The Plaza at Chapel Hill in Akron/Cuyahoga Falls, Ohio; Oak Park Town Center in Chattanooga, Tennessee and Forest Park Plaza in Brazil, Indiana.

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Devonshire REIT Completes Acquisition of 3 Shopping Centers for $69.75M

November 1, 2014

Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisition of three shopping centers at a total cost of $69.75M: Maple Hill Mall in Kalamazoo, MI; Alpine Summit Shopping Center in Grand Rapids, MI; and Northwest Crossings Shopping Center in Knoxville, TN. Read more HERE

Devonshire REIT Surpasses $100M Capital Raise Milestone

July 18, 2014

Whitehouse, OH, July 18, 2014 — Devonshire REIT, Inc., a private real estate investment trust, announced today that it has raised $101 million in total capital since inception of the original fund. Of that, $13.4 million was raised in the first 10 days of July, 2014 alone.

 

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