Oberer Gets Top Dollar for Grocery-Anchored Center

Greater Cincinnati isn’t the only region in Southwest Ohio able to attract retail investors. This month, nearby Dayton has also seen a large shopping center change hands.

Greater Cincinnati isn’t the only region in Southwest Ohio able to attract retail investors. This month, a large shopping center in Dayton came under new ownership.

According to the Dayton Business Journal, Rice Waynetowne L.L.C. acquired Waynetowne Plaza from the Oberer Cos. for $17.2 million in one of the region’s largest retail deals this year.

The 192,000-square-foot center is located at 7801 Waynetowne Blvd. in Huber Heights. Anchored by a Kroger store, the center also includes Rural King, Sherwin Williams and Ci-Ci’s Pizza. Waynetowne Plaza was the first Kroger-anchored retail center built by Oberer in the region. Oberer has completed nine other Kroger-anchored centers and is working on two more in Liberty Township.

The Dayton Business Journal reported that Oberer recently broke ground on two 10,000-square-foot retail projects at Cornerstone of Centerville, a $165 million, Costco-anchored development. They will be home to a Bagger Dave’s restaurant, a Wright-Patt Credit Union branch, a Great Clips salon and other tenants. This fall, Oberer will break ground on the second phase of retail at the site, a 40,000-square-foot area called the Village.

Photo credit: Oberer Companies