Cincinnati Enquirer -February 18, 2016
A Columbia Township grocery-anchored shopping center has been sold for $10.5 million, according to the commercial real estate services firm that helped broker the sale.
New York-based Garrison Investment Group sold the 43-year-old Ridgewater Plaza at 5371-5385 Ridge Ave. to Frayer Enterprises of Oklahoma, according to information from Marcus & Millichap and the Hamilton County auditor’s office. Officials from Marcus & Millichap said the 175,028-square-foot center is 98 percent occupied.
Built in 1973 and shadow-anchored by Lowe’s, Ridgewater Plaza is anchored by a 64,700-square-foot Remke Markets, Big Lots, Office Depot, and Fallas Discount Stores. Other tenants include Sally Beauty Supply, GameStop, Fast Signs and National Cash Advance. Remke Markets has been a tenant since 1988 and Big Lots has been at the center since 1994.