Cleeman Realty Group is pleased to announce the sale of The Village Center, a Marc’s anchored retail center in Niles, OH. The 197,000 SF center sits on approximately 13.28 acres and is located at 6024 Youngstown Warren Road, Niles, OH. The property was 60% occupied at the time of sale with numerous regional and local tenants. The property is located at a highly trafficked intersection that sees over 50,000vpd.
Sara Shulman of Cleeman Realty Group represented the buyer and Anchor Retail represented the seller in this transaction.
“The buyer was attracted to the value-add potential of the property through leasing up the vacancies and renegotiating leases with existing tenants,” said Shulman.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com