The Shops At Worthington Place Has A New Owner

By Jayne Gest 

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.

Read the original article here.

Direct Partners