Marcus & Millichap Lists $23.4 Million Shopping Center in Central Ohio

 HILLIARD, OH – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Market at Mill Run (top left photo), a 146,173-square foot shopping center in Hilliard.

The listing price of $23,418,000 represents $160 per square foot.

 Chris Thomson, a retail property investment specialist in the firm’s Columbus office, is representing the seller, a well-known local developer and the original owner of the property.

 “Market at Mill Run is anchored by Movie Tavern and Lifestyle Family Fitness, both of which have long-term leases,” says Thomson.

 “Movie Tavern’s lease expires in 2016 and Lifestyle Family Fitness’ lease expires in 2021. Nonrecourse assumable financing with favorable terms is available,” adds Thomson.

The property is located at 3770 Fishinger Blvd., a heavily traveled east-west thoroughfare in Hilliard, a densely populated suburb northwest of Columbus. Traffic counts on Fishinger Boulevard exceed 45,000 cars per day.

Market at Mill Run was built in 1988 on 21.34 acres. The property is currently 85 percent occupied by 28 tenants. Major tenants include Chipotle, First Watch, Huntington Bank, Shell, Starbucks and Tire Discounters.

Hilliard is a mature infill suburb that has experienced tremendous growth during the past 15 years.

 Bill Rose Named Western Regional Director of Marcus & Millichap’s National Retail Group

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Bill Rose  middle left photo), to Western Regional Director of its National Retail Group (NRG), according to Alan L. Pontius (lower right photo) managing director of the NRG.

In addition to his new duties with the NRG, Rose will continue to serve as sales manager of the San Diego office.

“Bill has an in-depth understanding of the fundamentals that shape the western U.S. retail market,” says Pontius. “His knowledge of the retail investment sector and capital markets makes him an asset to our investment advisor, as well as our private and institutional investor clients.”

Rose joined Marcus & Millichap’s San Diego office in September 2003 as a retail and multifamily investment specialist. He was promoted to associate status in September 2004 and earned the title of senior associate in September 2006.

Prior to rejoining the firm, Rose was a managing director in the San Diego office of Holliday Fenoglio Fowler L.P., where he was primarily responsible for originating debt, equity and investment sale transactions throughout the western United States. 

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716