may 2013 james | bitton group property summary

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> HIGH-QUALITY RETAIL SPACE IN OHIO COLLIERS INTERNATIONAL GREATER COLUMBUS REGION Two Miranova Place, Suite 900 Columbus, OH 43215 www.colliers.com/ohio CONTACT OUR RETAIL TEAM: KEVIN JAMES, CCIM + 1 614 410 5615 [email protected] MICHA BITTON + 1 614 410 5616 [email protected] TIM MALY + 1 614 437 4565 [email protected]

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Check out quality spaces to lease and buy around Columbus and the state of Ohio. Contact Kevin James ([email protected]), Micha Bitton ([email protected]) or Tim Maly ([email protected]) for more information.

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Page 1: May 2013 James | Bitton Group Property Summary

> HIGH-QUALITY RETAIL SPACE IN OHIO

COLLIERS INTERNATIONALGREATER COLUMBUS REGION

Two Miranova Place, Suite 900Columbus, OH 43215

www.colliers.com/ohio

CONTACT OUR RETAIL TEAM:

KEVIN JAMES, CCIM+ 1 614 410 5615

[email protected]

MICHA BITTON+ 1 614 410 5616

[email protected]

TIM MALY+ 1 614 437 4565

[email protected]

Page 2: May 2013 James | Bitton Group Property Summary

WINDSOR BAY

1,800 - 57,748 SF AVAILABLE1120-1180 Countyline Road - Westerville, OHLocated in the heart of Westerville, Windsor Bay is surrounded by densely populated neighborhoods and adjacent to Westerville North High School. The center is conveniently located at the intersection of Sunbury Road and County Line Road, both heavily traveled thoroughfares for Westerville residents. Tenants include: Subway, CVS and Sears Hardware.

THE MARKET AT POLARIS

6,000 SF AVAILABLE1021 Gemini Parkway - Columbus, OHThe Market at Polaris is located less than 1 mile off I-71, at the corner of Polaris Parkway and Gemini Parkway, adjacent to the Polaris Fashion Place Mall. The Polaris area remains one of the top retail destinations in Columbus. Built in 2004, this Class A center offers an excellent tenant mix. Tenants include: Dick’s Sporting Goods, Bed Bath and Beyond, Petsmart and Rave Movie Theatre.

MORSE CENTER6,000 SF AVAILABLE (3 Suites)2100 Morse Road - Columbus, OHThis location on Morse Road, between Cleveland Avenue and Karl Road, sits in a densely populated area with facia signage available and abundant parking. Tenants include: Big Lots (anchor), Guitar Center and Roses Department Store.

NORTH

NORTHTOWNE CENTER2200 Morse Road - Columbus, OHAnchored by Old Time Pottery, this center is located in a densely populated area on Morse Road between Cleveland Avenue and Karl Road. Pylon and facia signage are available. Tenants include: Old Time Pottery, O’Reilly Autoparts and Aldi’sFULLY LEASED

Page 3: May 2013 James | Bitton Group Property Summary

PARKVIEW CENTER

1,523 SF AVAILABLE640 Schrock Road - Westerville, OHParkview Center is an excellent retail shopping center at the corner of Cleveland Avenue and Schrock Road in Westerville, with easy access to I-270 and a traffic signal at the center’s entrance. The 52,884 square foot strip center offers a great mix of tenants. It is an Ideal space for any retail, office or medical user. Tenants include: FedEx Kinko’s, Dollar General and Monte Carlo Restaurant.

925 NORTH STATE STREET

1,453 - 6,798 SF AVAILABLE925 North State Street - Westerville, OHSupermarket anchored center located at the northwest corner of StateRoute 3 (State Street) and Polaris Parkway in Westerville. Location provides high traffic and major retailers in close proximity. Traffic signal at entrance provides easy ingress and egress. Property is ideal for any retail, office, medical or legal business.

GREYSTONE SQUARE 1,200 - 6,200 SF AVAILABLE3980-4060 Presidential Parkway - Powell, OHLocated in Delaware County, Greystone Square is an established 33,000 SF retail center in the affluent city of Powell, Ohio. A few miles north of I-270, it has easy access and excellent visibility off both Presidential Parkway and Sawmill Parkway. Population growth within the city has been explosive over the past decade and continues to grow. With attractions nearby such asthe Columbus Zoo, Greystone Square’s location can capitalize on this opportunity.

Page 4: May 2013 James | Bitton Group Property Summary

SOUTH CAMPUS GATEWAY A TOTAL OF 16,085 SF AVAILABLEEast 11th Ave. - Columbus, OHThe South Campus Gateway is the premier retail project located on HighStreet adjacent to Ohio State University’s campus. This location features theUniversity’s flagship bookstore, 185 apartments, a vibrant mix of retail shops,restaurants, art galleries and offices and a 1,200-space parking garage. With foot traffic reaching 9,000 per day and 57,000 cars passing the site daily, South Campus.Tenants include: OSU Bookstore (Barnes & Noble), Gateway Film Center, 13 Restaurant (Including: Panera, Eddie George’s Grille 27, and more) locations.

THE JOSEPH

CONTACT THE JAMES | BITTON GROUP FOR MORE INFORMATION621 N. High St. - Columbus, OHThe Joseph offers a unique opportunity for companies looking for the finest in Class A office or retail space in the heart of Columbus’ Short North District. Targeted for completion in spring 2014, The Offices at The Joseph creates a corridor from High Street to Goodale Park, perhaps the most treasured urban park in the city.

CENTRAL BUSINESS DISTRICT

Page 5: May 2013 James | Bitton Group Property Summary

MORSE CENTER6,000 SF AVAILABLE (3 Suites)2100 Morse Road - Columbus, OHThis location on Morse Road, between Cleveland Avenue and Karl Road, sits in a densely populated area with facia signage available and abundant parking. Tenants include: Big Lots (anchor), Guitar Center and Roses Department Store.

NORTHTOWNE CENTER12,732 SF AVAILABLE2200 Morse Road - Columbus, OHAnchored by Old Time Pottery, this center is located in a densely populated area on Morse Road between Cleveland Avenue and Karl Road. Pylon and facia signage are available. Tenants include: Old Time Pottery, O’Reilly Autoparts and Aldi’s

PICKERINGTON RUN1,398 - 6,048 SF AVAILABLE380-557 Hill Road - Pickerington, OHThis 40,987 square-foot retail center is located in Pickerington, just south of Refugee Rd. Ideally situated at a signalized intersection, the center offers heavy traffic with easy ingress and egress. Great mix of tenants currently in place.

SOUTH

SHOPPES AT HILL ROAD1,600 - 4,000 SF AVAILABLE1400 Hill Rd N. - Pickerington, OHPrime Class A Retail Development on SR 256 (Hill Road) in the heart of Pickerington. Located directly across from Kohl’s, Lifetime Fitness, as well as the planned 120,000 SF Ohio Health Medical Campus (Scheduled 2014 Completion). The property offers superior visibility, frontage, and access along SR 256.

Page 6: May 2013 James | Bitton Group Property Summary

BROAD STREET PLAZA EAST

1,441 - 2,738 SF AVAILABLE8070 East Broad Street - Columbus, OHLocated in Frankin County, Broad Street Plaza East is a newer retail center in the Columbus/Reynolsburg area. The center is strategically located on Broad Street and benefits from the explosive residential growth all around.

MAIN STREET CENTER

1,381 SF AVAILABLE2906-2912 East Main Street - Columbus, OHMain Street Center is a five tenant building located across from the Bexley Post Office. The center features large pylon sign & good parking, with a daily traffic count of 18,700 cars on East Main Street. Adjacent to The Top Steakhouse, a Columbus landmark.Tenants include: Subway, Papa John’s, Check N’ Go and Derma Nail Spa.

JAMES ROAD SHOPPING CENTER

18,000 SF AVAILABLE901 South James Road - Columbus, OHLocated in Frankin County, James Road Shopping Center is a retail shopping center in the Main/Livingston area. The Center is strategically located on James Road, near Bexley area. Tenants include: Family Dollar and James Road Barber Shop.

EAST

EAST BROAD COMMONS

1,800 - 3,460 SF SF AVAILABLE (2 Buildings)Broad and Brice Road Intersection - Columbus, OHPrime Class A Retail Development located at the intersection of E. Broad Street and Brice Road in the heart of the Reynoldsburg/ Blacklick submarket. The property is located near a new Menards. The property offers superior visibility, frontage and access along E. Broad Street

Page 7: May 2013 James | Bitton Group Property Summary

LIVINGSTON AVE.

STATE ROUTE 256

I-70

SITE

BLACKLICK WOODS GOLF COURSE

MEDBERRY CROSSING4 ACRES LAND AVAILABLE FOR SALE1815 Lancaster Drive - Reynoldsburg, OHLocated in Franklin County, Medberry Crossing is a 4-acre, prime, commercial site in Reynoldsburg, Ohio. Located at a 5-way major intersection with traffic light.

HUNTER’S RIDGE2,200 SF AVAILABLE310 South Hamilton Road - Gahanna, OHLocated in the heart of Gahanna, this property is surrounded by densely populated neighborhoods. The area has an excellent tenant mix including Pearle Vision and GNC and is shadow-anchored by a 101,000 square foot, Kroger Marketplace.

HAMILTON POINTE+/- 1.38 & +/- 3.08 ACRES AVAILABLEHamilton Road - Columbus, OHHamilton Pointe consists of two land parcels along Hamilton Road in Columbus, just off of State Route 33, a major thoroughfare connecting commuters. The site is shovel ready, and all utilities are to the site. The parcels are connected by the retailer, O’Reilly’s Auto Parts and located at a signalized intersection. Nearby major retailer include: Giant Eagle, McDonald’s, Tim Horton’s, Sonic, Wendy’s and Bob Evan’s.

Page 8: May 2013 James | Bitton Group Property Summary

PARK MILL RUN7,630 SF RESTAURANT AVAILABLE3799 Park Mill Run Drive - Hilliard, OhioLocated in Franklin County, Park Mill Run is an existing, free-standing restaurant building with a total of 7,630 SF. Built in 1994, the property features ample parking, an outdoor patio and some eqiptment may be included. This Hilliard property is near several major tenants including: Target, Home Depot, Garden Ridge and ITT Technical School. It is also in close proximity to manyrestaurants including: Carrabbas Italian Grill, Asain Express, Dave & Busters and Cheeseburger in Paradise. Easy access to Interstate - 270.

ROBERTS CROSSING1,510 - 25,113 SF AVAILABLE5445-5837 Roberts Road - Columbus, OHThis Big Lot-anchored center has excellent visibility from Roberts Road and is located in the heart of the densely populated Hilliard sub-market. It offers two access points from both Roberts Road and Hilliard-Rome Road. There are 26,834 cars per day at the intersection of Roberts Road and Hilliard-Rome Road. Move in ready 3,200 restaurant space now available!

WEST

PARK SQUARE1,600 - 2,000 SF AVAILABLE FOR LEASE INVESTMENT PROPERTY ALSO AVAILABLE FOR SALE2040-2140 Stringtown Road - Grove City, OHThe property is well located within the main Grove City retail corridor, alongStringtown Road at a signalized intersection of McDowell Road. The location boasts abundant parking. Along Interstate I-71 and minutes from downtown Columbus, the submarket is a desired location for retailers looking to expand. The location is adjacent to CVS, Walgreens and Giant Eagle.

WEST BROAD SQUARE1,480 - 3,360 SF AVAILABLE FOR LEASE 4788-4980 W. Broad St. - Columbus, OHThis 67,238 square foot shopping center is conveniently located just off I-270 and 1.5 miles away from Hollywood Casino. It has a great mix of tenants and provides high traffic and major retailers in close proximity. Great entrance to the center with a traffic signal at the corner and four points of ingress and egress. It offers excellent visibility and plenty of parking. Ohio Health Doctors Hospital is located down the street.

Page 9: May 2013 James | Bitton Group Property Summary

COLEMAN’S CROSSING

1,500 - 14,000 SF AVAILABLE407-770 Coleman’s Crossing Blvd. - Marysville, OHColeman’s Crossing is a power center anchored by WalMart Super-Center, Best Buy, Office Max and MC Sports. It is located in Marysville at the intersection of US 33 and US 36, approximately 30 minutes from downtown Columbus. Space is available in-line in the existing two centers. Additional leasable area can be built to accommodate big box and retail users. Out-lots of various sizes are available surrounding the existing centers. Construction beginning soon on Meijer grocery store nearby.

UNIVERSITY SHOPPES

3,200 - 4,592 SF AVAILABLE2648 Colonel Glenn Highway - Fairborn, OHThis high visibility shopping center has a traffic count of 27,700 cars per day on North Fairfield Road and 17,500 cars per day on Colonel Glenn Highway. The building was constructed in 1983, and offers an excellent mix of local and national tenants.Tenants include: FedEx, First Watch and Texas Roadhouse.

1,400 - 30,122 SF AVAILABLE861 Hebron Road - Heath, OHSouthgate Plaza is a 85,920 square foot shopping center located along the main retail corridor of Hebron Road in Heath; just a few blocks from Indian Mound Mall. Built in 2005, it has excellent visibility with convenient access. Southgate Plaza is anchored by Best Buy and Michaels. Tenants include: Caribou Coffee, Quizno’s and Great Clips.

SOUTHGATE PLAZA

OTHER LOCATIONS IN OHIO

Page 10: May 2013 James | Bitton Group Property Summary

SPRINGFIELD COMMONS PLAZA

NO SPACE CURRENTLY AVAILABLE1502 North Bechtle Avenue - Springfield, OHSpringfield Commons is an existing retail development that is anchored by Lowe’s Home Improvement. Located in Springfield, Ohio just off SR-41, with easy access and excellent visibility off US-68. Nearby are major retailers including Meijer, Walmart, Kohls, Home Depot, Target and Kroger. It also has close proximity to Upper Valley Mall, a mall that is part of the Simon Mall network with over 70 speciality stores.

1012 WESTERN AVENUE

4,816 SF AVAILABLE FOR SALE1012 Western Avenue - Chillicothe, OHThis property is currently leased to Blockbuster on a short term lease paying $4,524 per month NNN. Investors have the opportunity to purchase the property and find a new long term tenant at market rates. This 4,816 SF free standing building is also perfect for an owner user and can be converted into a number of uses.

FORMER PONDEROSA

6,258 SF AVAILABLE FOR SALE23401 S. US 23 - Circleville, OHCOLLIERS INTERNATIONAL is pleased to offer for sale, to qualified buyers, a former Ponderosa Restaurant located in Circleville, Ohio. The property will be vacant upon closing. All furniture fixtures and equipment are included in the price. Located along US 23 at a large signalized intersection, the space offers superior visibility and access.

FULLY LEASED

SOLD

Page 11: May 2013 James | Bitton Group Property Summary

HILLIARD ROME SQUARE

Price: $2,475,000CAP Rate: 8.75%Hilliard, OHHilliard Rome Square is a 19,200 SF neighborhood center – currently 94% leased with great historical occupancy. It includes attractive exterior design and small bay sizes. Located on expanded Hilliard Rome Road (5 lanes) at Roberts Road, the property is accessible by a signalized intersection with 2 access points. This is a solid investment property in an establishedColumbus suburb.

CHATTERTON SQUARE

Price: $1,750,000CAP Rate: 9.00%Columbus, OHThis 13,312 SF neighborhood center is currently 100% leased. Features include attractive exterior design and small bay sizes (1,200 SF) with great historical occupancy. Chatterton Square is a solid investment property in a growing suburb of Columbus. It is surrounded by newer homes.

Price: $2,489,000CAP Rate: 7.00%Reynoldsburg, OHThis property is an excellent single-tenant net leased opportunity. Strategic location with high barrier to entry. The building is relatively new, with a 10-year Ohio Health lease offering incremental increases throughout the term. Located in the heart of the booming Reynoldsburg retail trade area, the Ohio Health Primary Care facility is scheduled to open in August 2012. Ohio Health has a superior credit rating of Aa2 by Moody’s and an operating revenue of $2.3 billion. Neighboring retailers include: Wal-Mart, Sam’s, Target, Staples, Babies R Us, Toys R Us and Best Buy.

OHIO HEALTH

INVESTMENT PROPERTIES

SOLD

SOLD

IN CONTRACT

Page 12: May 2013 James | Bitton Group Property Summary

FAMILY DOLLARPrice: $538,462CAP Rate: 9.75%1750 S. Main St, - Akron, OHFamily Dollar space is available for sale to qualified investors, as a single-tenant net leased investment property located in Akron, Ohio. The property is 100% leased to Family Dollar with a new seven (7) year extended lease term. Lease is guaranteed by Family Dollar, a strong BBB credit rated tenant. The property is located at the intersection of S. Main Street and Wilbeth Road, offering superior visibility and access. Traffic Count at Main and W. Waterloo (.05 miles from site) exceeds 16,900 VPD.

SEAWAY MARKET PLACE55,632 SF FOR SALECAP RATE 12%1707 Cherry Street - Toledo, OH1707 Cherry Street is a relatively new (11 years) grocery store located in a densely populated infill, located in Toledo, Ohio. The building was originally developed by Regency Realty for Farmer Jack Stores. In 2005, after Farmer Jack closed its doors at Seaway Marketplace, a local operator took over the location. The property is located in a middle to lower income area that is surrounded by residential areas. The building is in good condition and has been kept up well by the current tenant. The building is available for sale as a net leased investment.

MCDOWELL RETAIL CENTERFOR SALE 3379-3407 McDowell Road - Grove City, OHThis 8,800 SF retail center was built in 2003. The building is for sale. The location is fantastic, between Stringtown Road and Southwest Blvd and adjacent to CVS Pharmacy and Walgreens. The property also offers great signage opportunities and is currently 100% leased.

SOLD

Page 13: May 2013 James | Bitton Group Property Summary

GREATER COLUMBUS REGIONTwo Miranova Place, Suite 900Columbus, OH 43215

+ 1 614 436 9800

www.colliers.com/ohio

KEVIN JAMES, CCIM+ 1 614 410 [email protected]

MICHA BITTON+ 1 614 410 [email protected]

CONT

ACT

TIM MALY+ 1 614 437 [email protected]