Teddy Driscoll Of Atlantic Capital Partners Represents Buyer And Seller In $6.2 Million Retail Sale

The property asset involved in this transaction is North Towne Commons, a retail center located at 851 West Alexis Road, Toledo, OH. The asset has a total square footage of 98,268 and was sold for $6,200,000, with a price per square foot of $63. At the time of sale, the property was 58% leased and features tenants including Ross Dress for Less, Five Below, Michaels, Shoe Show, Pet Supplies Plus, and Aaron’s. The property is also shadow-anchored by Target and Kroger.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,200,000
• Address: 851 West Alexis Road
• Market: Toledo, OH
• Square Footage: 98,268
• Price Per Square Foot: $63
• Leased Percentage at Closing: 58%
• Broker: Teddy Driscoll
• Broker Agency: Atlantic Capital Partners

Teddy Driscoll represented both the buyer and seller in this transaction. Atlantic Capital Partners facilitated the sale of the retail center, marking a significant deal within the Toledo market.