Hendon Properties-led JV acquires 734,199-sq-ft Shoppes at Parma retail center in Ohio
XLRE•Property tenants and traffic
The property includes Walmart Supercenter, Burlington, Dick’s Sporting Goods and Marc’s anchors, along with six outparcels with quick-service restaurant and service tenants.
The center draws 7.7 million annual visits, ranking in the top 1% to 2% nationally for foot traffic.
Fifth acquisition for opportunity fund
The deal marks the fifth acquisition for the Hendon Properties Opportunity Fund, lifting its portfolio to more than 1.3 million square feet.
Hendon Properties-led joint venture acquires Shoppes at Parma
Hendon Properties acquired The Shoppes at Parma, a 734,199-square-foot retail center in Parma, Ohio, via a joint venture with Axiom Realty and Peaceable Street Capital.
