KPR Centers Acquires Westwood Town Center In Rocky River, Ohio For $28.2 Million
21653 Center Ridge Road
$28,200,000
$124/SF
Building Size
226,155 SF
Asset Type
Retail
Closing
Jul 14, 2026
AI
KPR Centers acquired a retail property at 21653 Center Ridge Road in Rocky River, Ohio, for $28.2 million. The asset spans 226,155 square feet and was 95% occupied at the time of sale, anchored by Home Depot and Marc’s.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,200,000
- Sale Date: 07/14/2026
- Brokerage: JLL
- Buyer's Name: KPR Centers
- Seller's Name: Zeisler Morgan Properties
- Broker Representatives: Michael Nieder & Brian Page - JLL
- Price per Square Foot: $125
The transaction involved KPR Centers as the buyer, with Zeisler Morgan Properties as the seller. The deal was brokered by Michael Nieder and Brian Page of JLL, serving as representatives in this transaction.
Players
Rocky River Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93