Colliers International sells two portfolios totaling more than 1.2 million square feet in Ohio, Michigan and Indiana

January 07, 2014  |  Staff Writer  |  Print Article  |  Email this Article

Colliers International Ohio Investment Services recently closed the sale of two separate portfolios, 10 individual properties totaling nearly $112 million and more than 1.2 million square feet.

Jeff Johnston, Chris Prosser and Steve Timmel, all brokerage senior vice presidents with Colliers International in Ohio, represented the seller in each transaction.

The Lowe’s portfolio sale consisted of three Lowe’s Home Improvement stores located in Ohio and Kentucky for $36.7 million and about 382,000 square feet. The three properties were located in Zanesville and Fremont, Ohio, and Florence, Ken., and were purchased by Cole Capital.

The Walmart portfolio consisted of three Walmart-anchored retail centers and four Walmart shadow-anchored retail centers totaling 860,938 square feet. All seven properties were sold to Phillips Edison Company for a total of $75.2 million. The centers were located throughout the Midwest including Ohio, Michigan and Indiana.

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