JLL Capital Markets arranged financing for the acquisition of The Shops at Worthington Place, a Class A, retail center that is part of a 15 acre mixed-use property in Worthington. JLL worked on behalf of the borrower, Direct Retail Partners, to place the three-year, floating-rate loan with Bayview Asset Management.
Direct Retail Partners is a Dallas Investment company that paid $19.8 million for the 45-year old property, The Columbus Dispatch reports.
The Shops at Worthington Place is 92 percent leased to a mix of national and regional restaurant tenants, including Talbots, Panera, Orvis, Kenneth’s Hair Salon, First Watch, Aladdins Eatery and Lume Family Eyecare. Additionally, the center is shadow anchored by Kroger.
