Midland Atlantic Properties is excited to announce the opening of Dick's Sporting Goods, Golf Galaxy, Home Goods, and Five Below at Morganton Park South. Target has planned opening of October 2024 in the 267,021 square foot upscale regional retail shopping center located in the heart of Southern Pines, NC.
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Midland Atlantic Properties and Next Realty Joint Venture Acquires Cincinnati
Shopping Center
SKOKIE, IL, & CINCINNATI, OH (September 29, 2023) - A joint venture between affiliates of Midland Atlantic Properties and Next Realty, has completed the acquisition of Waterstone Center, a 160,000 square foot, shopping center located in Cincinnati, Ohio. The financial terms of the transaction were not disclosed.
Waterstone Center is located in the Mason submarket, in the heart of the northeast quadrant of Cincinnati, one of the most sought-after submarkets in the metro area. The property sits along a prime retail corridor on Fields Ertel Road with average vehicle counts of over 30,000 per day. The property is fully leased... Read more →
Dick’s Sporting Goods Now Open in Whitestown, IN
Whitestown, Indiana – Midland Atlantic Properties is pleased to announce that we have signed a lease with Dick’s Sporting Goods for the construction and operation of a 50,000 square foot store to be located at 6039 Perry Worth Road, Whitestown, Indiana. Construction began in the fall of 2022 with the grand opening October 11, 2023.
The new Dick’s Sporting Goods store is located in the super-regional trade area along I-65 & Whitestown Parkway (exit 130). The new store will be adjacent to the 300,000 square foot Shoppes of Whitestown retail development that includes Hobby Lobby, Burlington, TJ Maxx, Ulta and Ross Dress for Less, creating one of t... Read more →
Shops at Northwoods Sold
Thank you to Hank Davis and Evan Halkias of Cushman & Wakefield in representing us in selling Shops at Northwoods, a Kroger anchored shopping center located at 780 Northwoods Blvd., Vandalia (Dayton), OH.
Midland Atlantic Properties Sells Maysville Marketsquare II
On behalf of Midland Atlantic Properties, we wish to thank Mark Drazek and Ray Romano with CBRE for assisting with the sale of Maysville Marketsquare II. The center, located at 391 Marketsquare Drive, Maysville, KY, is anchored by Kroger, Dunham’s Sports and a new Hobby Lobby.
Burnsville Shops Sold
Thank you to Mark Robinson of Mid-America Real Estate for assisting with the sale of Burnsville Shops, 560... Read more →
Fishers, IN - Jacque Haynes, CCIM with Midland Atlantic Properties represented Sena Realty FC, LLC in the sale of Fishers Corner Shopping Center located at 11670-11680 Commercial Drive, Fishers, Indiana. Johnny Vassallo, an active real estate investor and General Partner managed the acquisition for the buyer, POG Kosmos Fishers, LP. Financing for the $7,550,000 sale was provided by First Financial Bank. The 28,359 square foot shopping center was built in 2005 and is 100% Leased. Located just off I-69 & 116th Street, Fishers Corner Shopping Center is located in the heart of Fishers Town Center surrounded by many new luxury apartments, restaurants, IKEA, Top Golf, and Super Target and has been ranked #1 in the “Best Places ... Read more →
Midland Atlantic Properties is excited to announce the acquisition of the Ridgewood Farms shopping center in Roanoke, Virginia. This property is the newest addition to the portfolio of the Midland Atlantic Properties and Olympus Capital partnership’s third investment fund.
Ridgewood Farms shopping center is a Kroger-anchored neighborhood retail center. The property is located in the Roanoke suburb of Salem on the highly trafficked Electric Road. Kroger is the market’s dominant standard grocer and this store is very active. Kroger has demonstrated its commitment to Ridgewood Farms with a fuel center development and in-store remodels. The property als... Read more →
Cincinnati, OH - Midland Atlantic Properties is pleased to announce the addition of Nick Pater and Melonna (Mel) Ritchie to our Cincinnati office. With their various skills and years of experience, the team will benefit greatly from their inclusion.
Joining as an Acquisitions Analyst, Nick will assist in the acquisition of stabilized and value-add anchored shopping centers. Nick recently graduated from the University of Cincinnati with a Bachelor’s of Business Administration, majoring in Real Estate. Nick gained valuable work experience through UC’s co-op program, spending time at the Cincinnati Metro Housing Authority, Cardinal Financial, and Colliers International.
Mel has joined the team a... Read more →
Indianapolis, Indiana – Jacque Haynes, CCIM of Midland Atlantic Properties recently brokered the sale of a Valvoline Instant Oil Change absolute net ground lease located at 7125 East 96th Street, Indianapolis, IN. The site is a 2,100 square foot 3 bay Valvoline Instant Oil Change building, situated on 1.12 acres. Jacque exclusively represented the seller, Masters 96th, LLC, and the buyer, Tim Shank, was represented by Jeremie Johnson and Nathan Whalen of Marcus & Millichap.
Established in 1986, VIOC is a chain under Valvoline Inc. (NYSE: VVV) and has steadily grown to become the second largest quick lube chain in the United States. VIOC has approximately 1,400 locations throughout 46 states with over $2.4... Read more →
Midland Atlantic Properties is excited to announce the acquisition of the Colony West shopping center in Little Rock, Arkansas. This is the first acquisition of the Midland Atlantic Properties and Olympus Capital partnership’s third investment fund.
Colony West shopping center is a Kroger-anchored property. The shopping center has an infill location and is immediately adjacent to I-430. Kroger is the market’s dominant standard grocer and this Kroger store is very active. Trek Bicycles is the shopping center’s junior anchor and serves as a regional draw to the property. Other tenants of the shopping center include a Simmons Bank branch, State Farm Insurance, Great Clips, Rock City Runn... Read more →