Marcus & Millichap

Scott Wiles

Overview









Scott Wiles is a Senior Director and Vice President Investments within Marcus & Millichap’s National Retail Group.  Scott specializes in the acquisition and disposition of retail shopping centers in the Midwest region and net-leased investments throughout the country.  He joined Marcus & Millichap in 2005 and has partnered with Erin Patton and Craig Fuller to form one of the top retail sales teams in the Midwest. The Patton | Wiles | Fuller team has since expanded to include Jim Stonehill, Dustin Javitch, CJ Jackson, Nick LiBassi, Josephine Zupan, and Sterling Krout. Additionally, the team has a talented full-time support staff consisting of two marketing coordinators, a transaction-management specialist, financial analyst, and two business development representatives. In his time with Marcus & Millichap, Scott has successfully brokered more than $1.2 Billion of retail property sales, totaling 16.5 million square feet. He has consistently been recognized as a top 15 shopping center Broker nationally, and the top shopping center Broker in the Midwest.  Scott graduated from John Carroll University in Cleveland where he received Bachelor degrees in both Finance and Economics.
 
                 

Cleveland
Scott Wiles

Scott Wiles

Vice President Investments
Tel: (216) 264-2026
Fax: (216) 264-2010

License:  OH  SAL.2005013197

International Council of Shopping Centers

Senior Director - Net Leased Properties Group
Senior Director - National Retail Group
Senior Director - Institutional Property Advisors - Retail Investment Sales

Promoted to Associate in December, 2006
Promoted to Senior Associate in August, 2008
Promoted to Vice President Investments in July, 2012

Promoted to Senior Director in January, 2014
Promoted to Vice President of Investments in July, 2012
Promoted to Senior Associate in August, 2008
Promoted to Associate in December, 2006

John Carroll University, Bachelor of Science in Finance and Economics

National Achievement Award - 2016, 2015, 2014, 2013, 2012
Sales Recognition Award - 2016, 2015, 2014, 2013, 2012, 2011, 2008, 2007





Top 15 Shopping Center Agent Nationally: 2015, 2014, 2013, 2012, 2011
Seven Figure Club: 2015, 2014, 2013, 2012, 2011
National Achievement Award: 2015, 2014, 2013, 2012
National Sales Recognition Award: 2015-2007
CoStar Power Broker: 2015-2007
Top Ohio Shopping Center Agent: 2015-2007
Top Midwest Shopping Center Agent: 2015, 2014, 2013, 2012, 2011
Globe St #1 Midwest Retail Agent Nationally
Midwest Real Estate News Hall of Fame Inductee: 2015
        

Our Team

Scott Wiles, Erin E. Patton, Craig Fuller, James Stonehill, Dustin Javitch, Nick LiBassi, Christopher Jackson, Josephine Zupan

Scott Wiles, Erin Patton, & Craig Fuller head up a team based out of the Cleveland and Columbus offices of Marcus & Millichap. Their team specializes in the sale of retail investment properties throughout the United States, with a specific focus on the Midwest region.

Team Members:

Listed Properties

Transactions Closed

  • Arby's NNN Corporate

    Arby's NNN Corporate

    Net Leased Restaurant

    Greensboro, NC
    Price: $1,550,000
    Size: 3,289 sqft
    Cap Rate: 6.19%

  • Adena Health NNN Lease

    Adena Health NNN Lease

    Single Tenant Office Medical

    Circleville, OH
    Price: $840,000
    Size: 5,394 sqft
    Cap Rate: 11.56%

  • Pavilion Shopping Center

    Pavilion Shopping Center

    Shopping Strip

    Beachwood, OH
    Price: $34,300,000
    Size: 249,873 sqft
    Cap Rate: 7.98%

  • Creekside Commons Shopping Center

    Creekside Commons Shopping Center

    Shopping Community

    Mentor, OH
    Price: $28,300,000
    Size: 201,879 sqft
    Cap Rate: 7.33%

  • Dollar General

    Dollar General

    Net Leased Discount

    Monroe, NC
    Price: $725,000
    Size: 9,100 sqft
    Cap Rate: 8.77%

  • Family Dollar

    Family Dollar

    Net Leased Discount

    Bastrop, LA
    Price: $580,000
    Size: 9,000 sqft
    Cap Rate: 7.93%

  • Family Dollar

    Family Dollar

    Net Leased Drug Store

    Monroe, LA
    Price: $555,000
    Size: 9,180 sqft
    Cap Rate: 8.72%

  • Shoppes at Stonecreek

    Shoppes at Stonecreek

    Shopping Regional

    Pickerington, OH
    Price: $8,142,500
    Size: 44,834 sqft
    Cap Rate: 8.94%

  • Dollar General

    Dollar General

    Net Leased Discount

    Seymour, TN
    Price: $775,000
    Size: 9,100 sqft
    Cap Rate: 8.73%

  • Highland Lakes Center

    Highland Lakes Center

    Shopping Community

    Orlando, FL
    Price: $21,500,000
    Size: 311,970 sqft
    Cap Rate: 10.00%

  • Dublin Medical

    Dublin Medical

    Single Tenant Office Medical

    Dublin, OH
    Price: $1,672,000
    Size: 8,889 sqft
    Cap Rate: 7.79%

  • Great Lakes Plaza

    Great Lakes Plaza

    Shopping Community

    Mentor, OH
    Price: $8,000,000
    Size: 81,622 sqft
    Cap Rate: 9.61%

  • Dollar General

    Dollar General

    Net Leased Auto Parts

    Bloomingdale, GA
    Price: $1,420,615
    Size: 9,026 sqft
    Cap Rate: 6.50%

  • New 15-Year NNN Dollar General

    New 15-Year NNN Dollar General

    Net Leased Discount

    Leesburg (Near Fort Wayne), IN
    Price: $1,315,000
    Size: 9,026 sqft
    Cap Rate: 6.85%

  • Sam's Club NN Lease

    Sam's Club NN Lease

    Net Leased Miscellaneous

    Brooklyn, OH
    Price: $21,425,000
    Size: 147,771 sqft
    Cap Rate: 6.87%

  • Mallory Ridge Apartments

    Mallory Ridge Apartments

    Multifamily

    Bloomfield, CT
    Price: $17,180,000
    Size: 78 units
    Cap Rate: 6.62%

  • Oxford School

    Oxford School

    Net Leased Child Care

    Dublin, OH
    Price: $1,520,000
    Size: 9,682 sqft
    Cap Rate: 8.60%

  • Barberton Shopping Center

    Barberton Shopping Center

    Shopping Strip

    Barberton, OH
    Price: $6,675,000
    Size: 101,688 sqft
    Cap Rate: 7.34%

  • Absolute NNN Rite Aid

    Absolute NNN Rite Aid

    Net Leased Drug Store

    Rocky Mount, NC
    Price: $2,290,000
    Size: 10,908 sqft
    Cap Rate: 9.34%

  • Courtland Hall

    Courtland Hall

    Office

    Pepper Pike , OH
    Price: $3,500,000
    Cap Rate: 10.12%

  • Arby's NNN Corporate

    Arby's NNN Corporate

    Net Leased Restaurant

    Norcross, GA
    Price: $1,450,000
    Size: 3,381 sqft
    Cap Rate: 10.91%

  • Heritage Square

    Heritage Square

    Shopping Neighborhood

    Granger, IN
    Price: $20,500,000
    Size: 188,344 sqft
    Cap Rate: 7.54%

  • Pine Corners

    Pine Corners

    Office

    Mentor, OH
    Price: $2,525,000
    Cap Rate: 13.41%

  • Village Crossings

    Village Crossings

    Shopping Community

    Cincinnati, OH
    Price: $6,275,000
    Size: 89,008 sqft
    Cap Rate: 8.74%

  • North Olmsted Towne Center

    North Olmsted Towne Center

    Shopping Neighborhood

    North Olmsted, OH
    Price: $17,790,000
    Size: 95,446 sqft
    Cap Rate: 8.48%

  • Downtown Cleveland Parking Lot - CSU Campus

    Downtown Cleveland Parking Lot - CSU Campus

    Net Leased Miscellaneous

    Cleveland, OH
    Price: $2,255,000
    Size: 37,854 sqft
    Cap Rate: 11.09%

  • The Shops at Ety Village

    The Shops at Ety Village

    Shopping Strip

    Lancaster, OH
    Price: $4,750,000
    Size: 29,400 sqft
    Cap Rate: 7.14%

  • Walmart NNN Ground-Lease

    Walmart NNN Ground-Lease

    Net Leased Miscellaneous

    Mayfield Heights, OH
    Price: $17,100,000
    Size: 137,133 sqft
    Cap Rate: 5.79%

  • PROGRESS PARKWAY COMPLEX

    PROGRESS PARKWAY COMPLEX

    Office

    Mentor, OH
    Price: $2,125,000
    Cap Rate: 9.21%

  • T J Maxx Center

    T J Maxx Center

    Shopping Regional

    GRAND CHUTE, WI
    Price: $16,100,000
    Size: 120,789 sqft
    Cap Rate: 7.80%

  • Delhi Center

    Delhi Center

    Shopping Neighborhood

    Cincinnati, OH
    Price: $4,500,000
    Size: 140,281 sqft
    Cap Rate: 9.84%

  • Waxahachie Crossing

    Waxahachie Crossing

    Shopping Community

    Waxahachie, TX
    Size: 96,983 sqft
    Cap Rate: 7.81%

  • Cedar Center North

    Cedar Center North

    Shopping Community

    South Euclid, OH
    Price: $15,414,885
    Size: 61,466 sqft
    Cap Rate: 8.16%

  • Sawmill Center - Meijer Outparcel

    Sawmill Center - Meijer Outparcel

    Shopping Strip

    Dublin, OH
    Price: $2,205,000
    Size: 11,388 sqft
    Cap Rate: 7.89%

  • State Hill Plaza

    State Hill Plaza

    Shopping Strip

    Parma, OH
    Price: $867,500
    Size: 14,659 sqft
    Cap Rate: 9.33%

  • Tire Discounters

    Tire Discounters

    Net Leased Auto Parts

    Columbus, OH
    Price: $1,682,500
    Size: 6,000 sqft
    Cap Rate: 8.20%

  • Shreve City Shopping Center

    Shreve City Shopping Center

    Shopping Community

    Shreveport, LA
    Price: $15,400,000
    Size: 340,926 sqft
    Cap Rate: 10.46%

  • Lowe's Home Improvement Ground Lease

    Lowe's Home Improvement Ground Lease

    Net Leased Miscellaneous

    Cincinnati, OH
    Price: $14,253,731
    Size: 138,445 sqft
    Cap Rate: 6.70%

  • New Boston Shopping Center

    New Boston Shopping Center

    Shopping Strip

    NEW BOSTON, OH
    Price: $1,675,000
    Size: 236,988 sqft
    Cap Rate: 8.04%

  • Arby's

    Arby's

    Net Leased Restaurant

    Macedonia, OH
    Price: $1,525,000
    Size: 3,161 sqft
    Cap Rate: 6.89%

  • North Ridge Plaza

    North Ridge Plaza

    Shopping Community

    Joliet, IL
    Price: $14,150,000
    Size: 230,191 sqft
    Cap Rate: 8.50%

  • Dollar General

    Dollar General

    Net Leased Discount

    Hays, NC
    Price: $1,122,715
    Size: 9,026 sqft
    Cap Rate: 7.15%

  • Twinsburg Plaza

    Twinsburg Plaza

    Shopping Strip

    Twinsburg, OH
    Price: $11,450,000
    Size: 121,214 sqft
    Cap Rate: 2.18%

  • Pine Lake & Saddlebrook Apartments

    Pine Lake & Saddlebrook Apartments

    Multifamily

    Hilliard, OH
    Price: $4,985,106
    Size: 72,768 sqft
    Size: 88 units
    Cap Rate: 7.30%

  • Drug Mart Shopping Center Portfolio

    Drug Mart Shopping Center Portfolio

    Shopping Strip

    Parma Heights, OH
    Price: $11,200,000
    Size: 101,845 sqft
    Cap Rate: 7.65%

  • Kohl's Absolute NNN Lease

    Kohl's Absolute NNN Lease

    Net Leased Department Store

    Westerville, OH
    Price: $10,750,000
    Size: 99,380 sqft
    Cap Rate: 6.50%

  • BJS Wholesale Club and Waffle House

    BJS Wholesale Club and Waffle House

    Shopping Community

    Allentown, PA
    Price: $10,625,000
    Size: 106,470 sqft
    Cap Rate: 8.04%

  • Cross Pointe IV

    Cross Pointe IV

    Shopping Strip

    Centerville, OH
    Price: $2,725,000
    Size: 19,722 sqft
    Cap Rate: 8.62%

  • The Shoppes at Adams Ridge

    The Shoppes at Adams Ridge

    Shopping Community

    Mars, PA
    Price: $10,080,000
    Size: 49,060 sqft
    Cap Rate: 9.88%

  • Best Buy & Michael's - Retail

    Best Buy & Michael's - Retail

    Shopping Community

    Holland, MI
    Price: $9,900,000
    Size: 51,642 sqft
    Cap Rate: 7.26%

  • Belden Village Commons

    Belden Village Commons

    Shopping Community

    Canton, OH
    Price: $9,385,000
    Size: 172,419 sqft
    Cap Rate: 8.70%

  • Colonial Plaza

    Colonial Plaza

    Shopping Strip

    Canfield, OH
    Price: $8,820,000
    Size: 100,958 sqft
    Cap Rate: 8.49%

  • Mentor City Shopping Center

    Mentor City Shopping Center

    Shopping Community

    Mentor, OH
    Price: $8,700,000
    Size: 140,918 sqft
    Cap Rate: 8.57%

  • Terrace at Florida Mall

    Terrace at Florida Mall

    Shopping Community

    Orlando, FL
    Price: $8,250,000
    Size: 146,764 sqft
    Cap Rate: 7.58%

  • West Broad Plaza

    West Broad Plaza

    Shopping Neighborhood

    Columbus, OH
    Price: $8,425,000
    Size: 141,482 sqft
    Cap Rate: 8.44%

  • PNC - Single Tenant NNN

    PNC - Single Tenant NNN

    Net Leased Bank

    Miamisburg, OH
    Price: $8,000,000
    Size: 68,000 sqft
    Cap Rate: 8.38%

  • Harvest Plaza

    Harvest Plaza

    Shopping Community

    Akron, OH
    Price: $7,960,000
    Size: 75,866 sqft
    Cap Rate: 7.13%

  • Wimbledons Plaza

    Wimbledons Plaza

    Shopping Neighborhood

    Springdale, OH
    Price: $5,225,000
    Size: 48,300 sqft
    Cap Rate: 10.08%

  • Oregon Trails Plaza

    Oregon Trails Plaza

    Shopping Neighborhood

    Stow, OH
    Price: $7,775,000
    Size: 78,098 sqft
    Cap Rate: 8.17%

  • Sugarcreek Crossing I

    Sugarcreek Crossing I

    Shopping Neighborhood

    Dayton, OH
    Price: $7,550,000
    Size: 36,756 sqft
    Cap Rate: 6.64%

  • Rite Aid Portfolio

    Rite Aid Portfolio

    Shopping Regional

    4 properties in Eastern, OH
    Price: $7,514,921
    Size: 45,451 sqft
    Cap Rate: 7.77%

  • Cvs Plaza

    Cvs Plaza

    Shopping Strip

    Rocky River, OH
    Price: $7,380,000
    Size: 47,738 sqft
    Cap Rate: 7.80%

  • Westown Square

    Westown Square

    Shopping Community

    Cleveland, OH
    Price: $7,250,000
    Size: 176,774 sqft
    Cap Rate: 15.69%

  • Aurora Commons - Grocery Anchored

    Aurora Commons - Grocery Anchored

    Shopping Strip

    Aurora, OH
    Price: $7,000,000
    Size: 89,211 sqft
    Cap Rate: 10.05%

  • Washington Lawndale Commons

    Washington Lawndale Commons

    Shopping Community

    Evansville, IN
    Price: $6,900,000
    Size: 331,912 sqft
    Cap Rate: 11.17%

  • Westwood Square

    Westwood Square

    Shopping Community

    Alliance, OH
    Price: $6,687,500
    Size: 77,820 sqft
    Cap Rate: 9.11%

  • Widewaters Commons

    Widewaters Commons

    Shopping Neighborhood

    Uniontown, PA
    Price: $6,600,000
    Size: 173,576 sqft
    Cap Rate: 9.10%

  • Symmes Gate Station

    Symmes Gate Station

    Shopping Community

    Loveland, OH
    Price: $6,600,000
    Size: 40,313 sqft
    Cap Rate: 8.41%

  • Walgreens - Strong Sales

    Walgreens - Strong Sales

    Net Leased Drug Store

    Glen Burnie, MD
    Price: $6,486,000
    Size: 13,650 sqft
    Cap Rate: 6.09%

  • Belmont Plaza

    Belmont Plaza

    Shopping Strip

    Youngstown, OH
    Price: $6,300,000
    Size: 120,036 sqft
    Cap Rate: 9.90%

  • Maple Leaf Square

    Maple Leaf Square

    Shopping Strip

    Maple Heights, OH
    Price: $6,250,000
    Size: 49,608 sqft
    Cap Rate: 8.52%

  • Brookgate Shopping Center

    Brookgate Shopping Center

    Shopping Strip

    Brook Park, OH
    Price: $6,200,000
    Size: 207,623 sqft
    Cap Rate: 9.88%

  • Home Depot Ground Lease

    Home Depot Ground Lease

    Net Leased Miscellaneous

    Lafayette, IN
    Price: $5,835,000
    Size: 133,868 sqft
    Cap Rate: 6.00%

  • Shoppes at Turnberry

    Shoppes at Turnberry

    Shopping Community

    Pickerington, OH
    Price: $5,825,000
    Size: 59,495 sqft
    Cap Rate: 9.48%

  • Massillon City Center

    Massillon City Center

    Shopping Neighborhood

    Massillon, OH
    Price: $5,800,000
    Size: 50,266 sqft
    Cap Rate: 9.37%

  • Garfield Mall

    Garfield Mall

    Shopping Regional

    Garfield Heights, OH
    Price: $5,700,000
    Size: 231,329 sqft
    Cap Rate: 13.69%

  • Bed Bath and Beyond

    Bed Bath and Beyond

    Net Leased Department Store

    Mishawaka, IN
    Price: $5,700,000
    Size: 38,042 sqft
    Cap Rate: 7.74%

  • The Commons at Clark Hall

    The Commons at Clark Hall

    Shopping Strip

    Gahanna, OH
    Price: $5,650,000
    Size: 22,792 sqft
    Cap Rate: 7.97%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Lakewood, OH
    Price: $5,550,000
    Size: 14,000 sqft
    Cap Rate: 7.93%

  • Marshall Plaza

    Marshall Plaza

    Shopping Neighborhood

    Marshall, MI
    Price: $5,450,000
    Size: 119,479 sqft
    Cap Rate: 11.63%

  • Mentor Plaza

    Mentor Plaza

    Shopping Community

    Mentor, OH
    Price: $5,440,000
    Size: 103,910 sqft
    Cap Rate: 9.51%

  • Twinsburg Plaza

    Twinsburg Plaza

    Shopping Strip

    Twinsburg, OH
    Price: $5,140,000
    Size: 117,512 sqft
    Cap Rate: 11.81%

  • Pat Catan's Plaza

    Pat Catan's Plaza

    Shopping Neighborhood

    Parma, OH
    Price: $4,850,000
    Size: 76,604 sqft
    Cap Rate: 8.97%

  • Arby's

    Arby's

    Net Leased Restaurant

    Cincinnati, OH
    Price: $865,000
    Size: 2,388 sqft
    Cap Rate: 6.47%

  • Lafayette Shopping Center (Kroger)

    Lafayette Shopping Center (Kroger)

    Shopping Strip

    Lafayette, IN
    Price: $4,825,000
    Size: 90,500 sqft
    Cap Rate: 7.10%

  • Chesterland Square

    Chesterland Square

    Shopping Neighborhood

    Wooster, OH
    Price: $4,760,000
    Size: 46,295 sqft
    Cap Rate: 9.14%

  • Walgreens Absolute NNN - Rent Bumps

    Walgreens Absolute NNN - Rent Bumps

    Net Leased Drug Store

    Strongsville, OH
    Price: $4,625,000
    Size: 14,964 sqft
    Cap Rate: 6.35%

  • New Castle Plaza

    New Castle Plaza

    Shopping Community

    New Castle, IN
    Price: $4,600,000
    Size: 92,148 sqft
    Cap Rate: 10.33%

  • Shops at Legacy Crossing

    Shops at Legacy Crossing

    Shopping Strip

    Marion, OH
    Price: $2,175,000
    Size: 13,267 sqft
    Cap Rate: 9.78%

  • Cvs - El Campesino

    Cvs - El Campesino

    Urban-High Street Retail

    Altoona, PA
    Price: $4,215,000
    Size: 17,455 sqft
    Cap Rate: 8.04%

  • PetSmart - Absolute NNN Lease

    PetSmart - Absolute NNN Lease

    Net Leased Miscellaneous

    Parma, OH
    Price: $4,212,500
    Size: 26,391 sqft
    Cap Rate: 8.00%

  • Washington Park Plaza

    Washington Park Plaza

    Shopping Strip

    Dayton, OH
    Price: $4,100,000
    Size: 178,750 sqft
    Cap Rate: 12.91%

  • Ghent Road Plazas

    Ghent Road Plazas

    Shopping Strip

    Fairlawn, OH
    Price: $4,075,000
    Size: 33,253 sqft
    Cap Rate: 10.58%

  • Goodyear

    Goodyear

    Net Leased Auto Service - Gas/Conv.

    Pittsburgh, PA
    Price: $604,000
    Size: 10,000 sqft
    Cap Rate: 6.98%

  • Walgreens

    Walgreens

    Net Leased Drug Store

    Nashville, NC
    Price: $4,025,000
    Size: 11,180 sqft
    Cap Rate: 6.11%

  • Cambridge Square

    Cambridge Square

    Shopping Strip

    Cambridge, OH
    Price: $4,000,000
    Size: 78,065 sqft
    Cap Rate: 8.86%

  • Best Buy NNN Ground Lease

    Best Buy NNN Ground Lease

    Net Leased Electronics

    Avon, OH
    Price: $3,975,000
    Size: 30,814 sqft
    Cap Rate: 6.49%

  • Strongsville Shopping Center

    Strongsville Shopping Center

    Shopping Strip

    Strongsville, OH
    Price: $3,925,000
    Size: 30,750 sqft
    Cap Rate: 10.01%

  • Kerr Drugstore (Walgreens)

    Kerr Drugstore (Walgreens)

    Net Leased Drug Store

    Pittsboro, NC
    Price: $3,800,000
    Size: 10,280 sqft
    Cap Rate: 6.20%

  • Advance Auto Parts

    Advance Auto Parts

    Net Leased Auto Parts

    Tiffin, OH
    Price: $1,520,000
    Size: 6,895 sqft
    Cap Rate: 6.97%

There are additional transactions closed, contact us for more.

In The News

  • Marcus & Millichap Brokers $6.6M Sale of 153,976 SF Shopping Center in Southern Ohio

    WILMINGTON, OHIO —Marcus & Millichap has brokered the sale of a 153,976-square-foot community shopping center in Wilmington, approximately 50 miles northwest of Cincinnati, for $6.6 million.

    Read More

    Marcus & Millichap sells 229,000-square-foot shopping plaza in Ohio

    Institutional Property Advisors, a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, recently negotiated the sale of River Valley Plaza,...

    Read More

    Marcus & Millichap Arranges $1.6M Sale of Retail Center in Columbus Suburb

    Marcus & Millichap has arranged the sale of a 13,026-square-foot retail center in Marysville, approximately 33 miles northwest of Columbus, for $1.6 million. Millcreek Center was 84 percent...

    Read More
  • Marcus & Millichap Brokers $4.3M Sale of Retail Property in Cincinnati Suburb

    HAMILTON, OHIO — Marcus & Millichap has brokered the sale of a 200,720-square-foot retail property for $4.3 million.

    Read More

    Marcus & Millichap sells Walmart in Ohio

    Marcus & Millichap sells Walmart in Ohio. Marcus & Millichap has arranged the sale of a triple-net Walmart ground lease in Mayfield Heights, Ohio. Scott Wiles and Craig Fuller, both vice presidents...

    Read More

    Dayton Mall-area strip center sold

    Home Center, a 81,438-square-foot retail property at 518 Miamisburg Centerville Road, has been sold, real estate investment services firm Marcus & Millichap said.

    Read More
  • Marcus & Millichap sells 50,000-square-foot retail center in Ohio

    Marcus & Millichap has closed the sale of Massillon City Center, a 50,266-square-foot retail property in Massillon, Ohio. The retail center sold for $5.8 million. It features a mix of national,...

    Read More

    IPA Arranges $15.4M Sale of Shopping Center in South Euclid, Ohio

    Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $15.4 million sale of Cedar Center North, a 61,466-square-foot shopping plaza in the Cleveland suburb of...

    Read More

    $15.4 Million Suburban Cleveland Retail Sale Arranged by IPA

    Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Cedar...

    Read More
  • M&M Brokers $4.7M Sale of 29,400 SF Retail Property in Lancaster, Ohio

    Marcus & Millichap has brokered the $4.7 million sale of The Shops at Ety Village, a 29,400-square-foot retail property in Lancaster. C.J. Jackson, Erin Patton, Craig Fuller and Scott Wiles of...

    Read More

    Marcus & Millichap arrange sale of Taco Bell in Pa.

    Dustin Javitch, Craig Fuller, Scott Wiles and Erin E. Patton, investment specialists at the firm's Cleveland office, exclusively marketed the property on behalf of the seller, a limited liability...

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    Marcus & Millichap sells 103,000-square-foot retail center in Ohio

    Marcus & Millichap has closed the sale of Mentor Plaza, a 103,910-square-foot retail property in Mentor, Ohio. The retail center sold for $5.44 million. Craig Fuller, Scott Wiles and Erin Patton,...

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  • Northeast Ohio Retail Vacancy Rate Falls

    Auto parts and dollar stores stayed alive through much of the recession. Now they’re being joined by new restaurants, fitness centers and, of all things, mattress stores. And clothing retailer...

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    Marcus & Millichap sells grocery-anchored retail center in Akron

    Marcus & Millichap closed the sale of Harvest Plaza, a 75,866-square-foot retail property in Akron, Ohio. The plaza sold for $7.96 million. Craig Fuller, Erin Patton and Scott Wiles, investment...

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    Kohl’s in Westerville sells for $10.75M

    A Maryland-based investment firm has purchased the Kohl's department store building within the Westerville Plaza retail center. SPMC Urban Properties paid $10.75 million for the 99,380-square-foot...

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  • Marcus & Millichap sells 99,000-square-foot Kohl’s department store in Ohio

    Marcus & Millichap closed the sale of a 99,380-square foot Kohl’s department store in Westerville, Ohio. The store sold for $10.75 million, which equates to $108 a square foot. Dean Zang and Mark...

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    Severance Town Center could be sold at foreclosure auction

    CLEVELAND HEIGHTS, Ohio -- Severance Town Center appears to be headed for the auction block, after a speedy foreclosure case concluded last week.

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    Marcus & Millichap sells Home Depot ground lease in Lafayette

    Marcus & Millichap recently sold a Home Depot ground lease, a 133,868-square-foot net-leased property located in Lafayette, Ind. The asset sold for $5.835 million. Craig Fuller, Scott Wiles and...

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  • Marcus & Millichap Launches IPA-Retail Division

    CALABASAS, CA—IPA first launched in 2010 to expand services for major investors in the multifamily sector. Now, this new retail division, which GlobeSt.com EXCLUSIVELY learns about, will be...

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    M&M Arranges $8.7M Sale of 140,918 SF Shopping Center in Mentor, Ohio

    MENTOR, OHIO — Marcus & Millichap has arranged the $8.7 million sale of Mentor City Shopping Center. The 140,918-square- foot retail property is located at 7845 Mentor Ave. in Mentor. Babies R Us,...

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    Marcus & Millichap sells 90,000-square-foot retail center in Indiana

    Marcus & Millichap recently sold the Lafayette Shopping Center, a 90,500-square-foot retail center in Lafayette, Ind. The property sold for $4.825 million. Craig Fuller, Erin Patton and Scott...

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  • Marcus & Millichap sells 38,000-square-foot Bed Bath & Beyond store in Indiana

    Marcus & Millichap recently closed the sale of Bed Bath & Beyond, a 38,042-square-foot net-leased property located in Mishawaka, Ind. The asset sold for $5.7 million. Craig Fuller, Erin Patton and...

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    M&M Brokers $5.2M Sale of 48,300 SF Retail Property

    SPRINGDALE, OHIO —Marcus & Millichap has brokered the $5.2 million sale of a 48,300-square-foot retail property in Springdale, an area on the northeast side of Cincinnati. Wimbledons Plaza is...

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    Marcus & Millichap sells 20,000-square-foot retail center in Indiana

    Marcus & Millichap recently sold Clinton Plaza, a 20,008-square-foot retail property in Frankfort, Ind. The asset sold for more than $1 million. Erin Patton, Scott Wiles and Craig Fuller,...

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  • M&M ARRANGES $1.7 M SALE OF 6,895 SF ADVANCE AUTO PARTS IN OHIO

    BELPRE, OHIO — Marcus & Millichap has arranged the $1.7 million sale of a 6,895-square-foot property in Belpre. The net-leased Advance Auto Parts property is located at 1218 Washington Blvd. The...

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    Northeast Ohio shopping center market is booming

    Even before Golden Gate Shopping Center in Mayfield Heights changed hands for $47 million, investment sales analyst Alec Pacella told himself that the market for shopping center sales was “on fire”...

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    Pavilion Shopping Center in Beachwood sold to private real estate investment trust

    Pavilion Shopping Center in Beachwood sold to private real estate investment trust

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  • Marcus & Millichap Real Estate Investment Services recently closed the sale of Discount Drug Mart Center, a 31,762-square-foot retail property located in Kent, Ohio.

    Marcus & Millichap Real Estate Investment Services recently closed the sale of Discount Drug Mart Center, a 31,762-square-foot retail property located in Kent, Ohio. The asset sold for $2.85...

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    LOWE’S GROUND LEASE IN CINCINNATI SELLS FOR $14.3M

    CINCINNATI — Marcus & Millichap has arranged the $14.3 million sale of a 138,445-square-foot Lowe’s Home Improvement store ground lease in Cincinnati. The sale price equates to $103 per square...

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    M&M ARRANGES $2.4M SALE OF 189,996 SF RETAIL PROPERTY

    WARREN, OHIO – Marcus & Millichap has arranged the $2.4 million sale of Trumbull Plaza, a 189,996-square-foot retail property located in Warren, a city in northeast Ohio. Erin Patton, Scott Wile,...

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  • Marcus & Millichap Real Estate Investment Services Recently Closed the Sale of Trumbull Plaza, a 189,996-Square Foot Retail Property Located in Warren, Ohio.

    The asset sold for $2.35 million. Erin Patton, Scott Wiles and Craig Fuller, investment specialists in Marcus & Millichap’s Columbus and Cleveland offices, had the exclusive listing to market the...

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    Marcus & Millichap sells 95,000-square-foot shopping center near Cleveland

    Marcus & Millichap Real Estate Investment Services recently closed the sale of the North Olmsted Towne Center, a 95,446-square-foot shopping center located along Brookpark Road in North Olmsted,...

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    Simon sells The Terrace at Florida Mall

    The country's largest real estate investment trust, Simon Properties Inc., has sold a shopping center next to Florida Mall for $8.25 million.

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  • Devonshire REIT Purchases Delhi Shopping Center

    Devonshire REIT purchased the 134,973-square-foot Delhi Shopping Center from Todds Enterprises for $4.5 million, or about $33 per square foot. Both companies are based in Ohio. Devonshire REIT...

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    Marcus & Millichap closes sale of 147,000-square-foot Sam’s Club in Ohio

    Marcus & Millichap Real Estate Investment Services arranged the all-cash sale of a 147,771-square-foot free-standing, triple-net leased Sam’s Club located in Brooklyn, Ohio. The sales price of...

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    Marcus & Millichap sells 89,000-square-foot retail center in suburb of Cincinnati

    Marcus & Millichap Real Estate Investment Services recently closed the sale of Village Crossings, an 89,008-square-foot retail property in the Cincinnati suburb of Evendale, Ohio. The shopping...

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  • Marcus & Millichap sells 11 properties in Ohio and Pennsylvania

    Marcus & Millichap Real Estate Investment Services recently sold 11 investment properties located in Ohio and Pennsylvania. The property sales took place over 10 days and commanded sales prices...

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    Mentor Industrial Portfolio Fetches $4.7 Million

    FR Progress Parkway LLC acquired two industrial buildings in Mentor, OH, from O F Associates for $4.65 million or $68 per square foot. The two properties, which are located within 1 mile of one...

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    Marcus & Millichap Brokers Exchange of 7,500-SF Property

    Equity Investment Group, an Indiana-based property investment firm, sold a 7,500-square-foot retail building in Xenia, OH, to Dragon One Xenia LLC for $1.62 million or $216 per square foot. The...

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  • CitiCenter Plaza Up For Sale

    The Massillon CitiCenter is being put up for sale for $5.9 million by the real-estate investment service firm Marcus & Millichap, based in Independence.

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    Pittsburgh Firm Buys Garfield Mall for $5.7 Million

    Glimcher Group Inc., a Pittsburgh, PA-based commercial brokerage firm, acquired Garfield Mall in Cleveland, OH, from J&J Slyman LLC for $5.7 million, or about $23 per square foot. The property was...

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    Marcus & Millichap promotes eight Midwest agents to VP positions

    Marcus & Millichap Real Estate Investment Services recently promoted eight Midwest agents to vice president of investments. This designation recognizes superior achievement by an associate during...

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  • Cleveland Retail: Demand, Optimism Grow

    With tenant demand increasing and retailers looking to expand in Cleveland, positive net absorption and limited development have created a balanced retail market that will lead to improvement and...

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    Who's 'On the Move' in the Cleveland area?

    Marcus & Millichap Real Estate Investment Services: Scott Wiles was named director of the firm's national retail group in Cleveland.

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    Retail rents may increase slightly as market stabilizes

    Look for retail rents to rise slightly during the balance of the year as vacancy in the Northeast Ohio real estate market continues to stabilize, the Marcus & Millichap brokerage forecast today in...

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  • Marcus & Millichap names Cleveland pro to national retail group

    Marcus & Millichap Real Estate Investment Services recently named Scott J. Wiles director of the firm’s National Retail Group in Cleveland. Wiles joined Marcus & Millichap in August of 2005....

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    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...

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    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...

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  • Twinsburg Retail Property Trades for $5 Million

    Snyder-Twinsburg LLC, a real estate investment group, purchased the retail facility at 10735-10755 Ravenna Road in Twinsburg, OH for $5.14 million, or about $44 per square foot. Erin Patton, Scott...

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    Marcus & Millichap completes the sale of The Shoppes at Town & Country

    Marcus & Millichap Real Estate Investment Services recently completed the sale of The Shoppes at Town & Country, a 15,311-square-foot retail property located in Columbus. The asset commanded a...

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    CMN Quinlan Pays $1.325M For Hilliard Plaza

    CMN Quinlan acquired the single-story Hilliard Plaza in Hilliard, OH, from Chuck Warner of Chuck Warner & Associates for $1,325,000, or about $110 per square foot. The buyer was self-represented...

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  • Marcus & Millichap Negotiates $10M Sale of Pennsylvania Shopping Center

    Marcus & Millichap negotiated the sale of the Shoppes at Adams Ridge, a 49,060 SF grocery-anchored shopping center in Mars, Pa. for $10.08 million. The price works out to $205 per square foot. The...

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    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....

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    Marcus & Millichap Brokers Sale of Five-Property Portfolio

    Marcus & Millichap Real Estate Investment Services, brokered the sale of a five-property Office Max/Office Depot portfolio located in Minnesota, West Virginia and Michigan. The sales price was...

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  • $71 MILLION SHOPPING CENTER PORTFOLIO UP FOR GRABS

    Marcus & Millichap has received the exclusive listing for a 10-property shopping center portfolio. The listing price of $71.86 million represents $71/SF. James Stonehill, Scott Wiles, and Erin...

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    FIVE-PROPERTY RETAIL PORTFOLIO SELLS FOR $11.5 MILLION

    Marcus & Millichap has brokered the sale of a five-property Office Max/Office Depot portfolio located in Minnesota, West Virginia and Michigan. The sales price was $11.5M. James Stonehill, Scott...

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    CoStar Announces 2010 Power Broker Award Winners

    CoStar Announces 2010 Power Broker Award Winners for the Cleveland, OH submarket

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  • 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...

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    Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap Sell $15.5M 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...

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    Sheetz-Leased Property in Erie, PA Sells for $1.81M

    A 4,500 Square-Foot, Single-Tenant Net-Leased property located in Erie, PA that is leased to Sheetz has sold for $1.81 million. Thomas J. Gorman, Matthew P. Gorman and Michael Shover, investment...

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  • Marcus & Millichap’s Columbus Team Completes Two Sales

    Erin Patton and Scott Wiles of Marcus & Millichap Real Estate Investment Services recently arranged the sale of two ground lease properties, one in Columbus, Ohio, and a second in Pennsylvania.

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    CoStar Announces 2009 Power Broker Award Winners

    CoStar Announces 2009 Power Broker Award Winners for the Cleveland, OH submarket.

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    213,785 Square Foot Ashland Square Retail Center Sells

    Ashland Square, a 213,785-square-foot retail center located in Ashland, Ohio, has been sold. Erin Patton and Scott Wiles, of Marcus & Millichap, represented the seller.

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  • Snowville Plaza Sells for $2.1 Million

    A New York investor has purchased Snowville Plaza in Parma for $2.1 million, according to property records. Scott Wiles and Erin Wiles-Patton of the Marcus & Millichap Real Estate Services...

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    Marcus & Millichap Cleveland Announces Top Producers for 2008

    Marcus & Millichap Cleveland Announces Top Producers for 2008

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    CoStar Announces 2008 Power Broker Award Winners

    CoStar Announces 2008 Power Broker Award Winners for the Cleveland, OH submarket.

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  • Marcus & Millichap Brokers Sale of 128,028 SF Retail Center

    Marcus & Millichap has brokered the sale of University Plaza, a 128,028-square-foot retail center located at Cherry and South Water streets in Kent. Erin Wiles-Patton and Scott Wiles in the...

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    Marcus & Millichap Brokers $1.85 Million Sale of Strip Center

    Marcus & Millichap Real Estate Investment Services has brokered the sale of Cross Creek Shopping Center, a retail center located on Crosscreeks Boulevard in Pickerington. Erin Wiles-Patton and...

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    CoStar Announces 2007 Power Broker Award Winners

    CoStar Announces 2007 Power Broker Award Winners for the Cleveland, OH submarket.

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  • 3 Drug Mart Plazas Find Buyers

    Local retail real estate investor Spielberger Properties Ltd. has sold a portfolio of three Discount Drug Mart-anchored shopping centers for $11.2 million. Scott Wiles and Erin Wiles-Patton, both...

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    ICSC 2007 Recap

    In a booth on the floor of this year's International Council of Shopping Centers' spring convention in Las Vegas, east has met west, Cleveland-style.

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    Maple Heights Retail Center Fetches $6.3 Million

    The Maple Leaf Square Shopping Center, a PetSmart-anchored shopping center at 5448 Warrensville Center Road in Maple Heights, has changed hands. Scott Wiles, an associate with the Independence...

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  • Plaza in Twinsburg Sold for $12 Million

    The Plaza on Ravenna Road, formerly Massara's Plaza, was not on the market until a $12.1 million deal was made. Scott Wiles and Erin Wiles-Patton of Marcus & Millichap were the brokers involved in...

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