Streetsboro Crossing shopping center has been sold by New York-based Brixmor Property Group Inc. to an affiliate of Pine Tree LLC. Terms of the acquisition were not announced.
The Daily Herald is reporting that the 89,436-square-foot grocery-anchored shopping center was acquired by a subsidiary of Pine Tree Opportunity Corp, a discretionary investment firm targeting open air retail properties.
Streetsboro Crossing is anchored by a 69,000-square-foot Giant Eagle. With the trade area's only traditional grocer, and the only Giant Eagle location within a seven-mile radius, the shopping center has a wide reach and represents a strategic location for the retailer.
Streetsboro Crossing was brokered by Clinton Mitchell and Amy Sands of HFF. Financing was arranged by William T. Barry of Draper & Kramer.