Marcus & Millichap Real Estate Investment Services

Craig Fuller

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In The News: Investor Purchases Munhall Square II for $3.1M
Center Associates Realty Corporation sold the Munhall II Shopping Center to Gordon Real Estate Company, Inc. for $3.05 million, or about $81 per square foot. The property is a 37,720-square-foot retail shopping center that was constructed in 2005 on 3.7 acres. The center consists of three smaller retail businesses and Big Lots as the anchor tenant, and was fully leased at the time of sale. Scott Wiles, Erin Patton, and Craig Fuller of Marcus & Millichap represented the seller in the sale. The buyer was represented in-house.; Marcus & Millichap Handles Exchange of Office and Retail Complex
TNP Strategic Retail Trust Inc., an Irvine, CA-based REIT, acquired the Aurora Commons office and retail complex in Aurora, OH, from H&S Co. Ltd. for $7 million, or about $82 per square foot. The Aurora Commons complex includes a retail center at 300 Aurora Commons Circle and an office building at 251 W. Garfield. Marc's, a local discount store, is the anchor tenant in the retail center. The two buildings total an area of approximately 85,000 square feet. Marcus & Millichap's Erin Patton, Scott Wiles, Craig Fuller, Simon Jonna and Brandon Hanna represented both parties. Please see CoStar COMPS #2280733 for more information on this transaction.; Marcus & Millichap Negotiates $10M Sale of Pennsylvania Shopping Center
Marcus & Millichap Real Estate Investment Services negotiated the sale of the Shoppes at Adams Ridge, a 49,060-square-foot grocery-anchored shopping center in Mars, Pa. for $10.08 million. The price works out to $205 per square foot. The Shoppes at Adams Ridge includes a 41,837-square-foot building and two out parcels housing a 3,723-square-foot Dairy Queen and a 3,500-square-foot Citizens Bank. McGinnis Sisters, a specialty grocery store, anchors the property. The center was built in 2008. Steven J. Siegel, of Marcus & Millichap’s Manhattan office, represented the seller in the transaction. Erin Patton, Scott Wiles and Craig Fuller, from Columbus and Cleveland, Ohio offices, represented the buyer. Spencer Yablon, of Marcus & Millichap’s Philadelphia office, also provided representation.; Shopping Plaza in Willoughby Trades for $2.5 Million
Lakewest Plaza Holdings LLC, an investment group, purchased the retail center at 35535 Euclid Ave. in Willoughby, OH, from North Coast Properties for $2.55 million, or about $124 per square foot. The 20,514-square-foot building was constructed in 1986. There were several tenants occupying space in the plaza during time of sale. Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented North Coast Properties, while Lakewest Plaza Holdings LLC was self-represented.; Marcus & Millichap Arranges Sale of Ohio Restaurant Building
Marcus & Millichap Real Estate Investment Services recently sold a 4,320-square-foot building leased to an Applebee's restaurant in Alliance, Ohio. The asset commanded a sales price of more than $2 million, which equates to $475 a square foot. John Talbot, Scott Wiles and Craig Fuller in Marcus & Millichap's Cleveland office, and Erin Patton in the firm's Columbus office, arranged the sale.; Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap Assist in Sale of Texas Shopping Center
With the help of the company's Cleveland and Columbus offices, Marcus & Millichap Real Estate Investment Services recently brokered the sale of Waxahachie Crossing, a 96,983-square-foot shopping center in Waxahachie, Texas.; Denotes Private News

Craig Fuller: Senior Associate
Cleveland: Crown Centre
5005 Rockside Road, Suite 1100
Independence, OH 44131
(216) 264-2043: (216) 264-2010 fax; License:
OH SAL.2008001551,
PA RS312255

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