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Black Gate Partners sells Rally's ground lease in Columbus

Black Gate Partners sells Rally's ground lease in Columbus,ph01

Black Gate Partners closed the sale of a 0.75-acre ground lease and newly built Rally’s Fast Food Restaurant for $887,500.

Kevin James and Tim Maly of Black Gate Partners worked on behalf of a private owner to market the property to qualified investors. A private investor purchased the ground lease.

The center sits in front of the 231,589-square-foot Morse Centre that includes national tenants such as Rose’s, Dollar Tree, Big Lots and Guitar Center.