Northmarq brokers 1031 exchange of 17,674-sq.-ft. multi-tenant retail center
Lebanon Shopping Center
CINCINATTI (June 18, 2024) — Northmarq’s Cincinnati Commercial Investment Sales team of Patrick Metz, Ryan Roedersheimer and Steven Di Iorio successfully brokered the sale of Lebanon Shopping Center, a 17,674-sq.-ft. retail strip center, at a 7.82% cap rate. Built in 2007 and renovated in 2014, the multi-tenant retail center is shadow anchored by Walmart at 1521 Walmart Drive in Lebanon, Ohio. Northmarq represented the seller.
Meet our team
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
