Cincinnati, OH – Liberty Towne Center, located at 7206 – 7240 Towne Center Drive, in West Chester, OH, changed hands on October 11, 2011. The 22,798 square foot center sold for $1.3 million ($57/sf). Rob W. Taylor, Jr., CCIM and Mike Sullivan, CCIM both of Cassidy Turley’s Capital Market Group represented the seller, Dawn BV,LLC. “Using the team of Mike Sullivan and Rob Taylor JR, of Cassidy Turley was a great experience and we would recommend them to anyone. Their communication, marketing materials and negotiation skills made our transaction a success” stated the seller.
The community shopping center was 60% occupied at the time of sale by quality tenants such as Weight Watchers, Play it Again Sports and Jersey Mike’s. The center’s location in one of the fastest growing areas of Greater Cincinnati and upside opportunity makes it an attractive investment. The buyer, a local family trust, plans to make improvements to the property to increase occupancy.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com <http://www.cassidyturley.com> for more information about Cassidy Turley.
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