LOS ANGELES, CA – DealPoint Merrill closed escrow on National Road Plaza in the central business district of Columbus, Ohio on May 7th, 2014. The property, a 120,700 SF shopping center previously anchored by Kmart is scheduled for redevelopment in 2014. Located in a strong retail corridor, the newly developed $400 million Hollywood Casino adjacent to the property has set the pace for the areas diverse district with additional offices, retail, banking, dealerships, hotel and convention space planned.
Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mike Gustafson, President of Sperry Van Ness ®/DealPoint Merrill Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation, and Mark Yadisernia were the brokers. First American Title Company, represented by Gregg Corlyn, handled the title and escrow for the transaction, and was financed by Rodeo Capital.