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Devonshire REIT Surpasses $500M Milestone With Acquisition of Two SW Florida Retail Centers

WHITEHOUSE, Ohio, April 22, 2015 /PRNewswire/ — Devonshire REIT, Inc., a private real estate investment trust, announced today the acquisitions of two shopping centers in southwest Florida, The Cypress Shopping Center in Tampa at a cost of $24.6M, and The Shoppes at Plantation in Fort Myers at $14.9M. With these acquisitions, the REIT has surpassed $500 million in total assets under management.

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Meijer buys land near Waterville

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

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

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

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

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

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

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