COLUMBUS, Ohio (WCMH) -- A shopping center near Polaris Fashion Place is now under new ownership after a $20 million sale.
Oak Creek Center at 1182 E. Powell Road was purchased on May 12 for $20,350,000, according to the Delaware County auditor's office. The 104,124-square-foot complex was acquired by Philips Edison & Company, a Cincinnati-based real estate firm that operates grocery-anchored shopping centers.
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A marketing brochure boasts the East Powell Road center as hosting "a strong tenant mix," with stores like Fleet Feet Sports, Pulp Juice Smoothie Bar, Miracle Ear, Fit Body Boot Camp, and Sherwin Williams. Other tenants include Taranto's Pizzeria, Skybox Sports bar, Goodyear, Blooming Nails Spa, The Pancake House, Ohio State Optical and more.
Built in 1998 and sitting on 6.5 acres, the complex was previously owned by CRI Oak Creek LLC, who acquired the center in 2012 for a recorded $0. Before CRI, the last sale documented by the auditor's office was in June 2004 for $10,993,000 by Casna Limited Partnership.
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