Alex Bell Plaza Up for Sale

DAYTON, OH- Cohen Real Estate just announced that the owner of Alex Bell Plaza in suburban Moraine has put the 77,000 SF retail center up for sale. Michael Cleeman, the vice president of the New York-based firm expressed confidence that the $5.8 million price tag, and the Kroger’s grocery store just next door, will attract potential buyers.

“Any time you have a Kroger’s with an extremely high sales volume as a shadow anchor it’s an attraction,” said Cleeman, who will lead the effort to sell the property. “No matter what happens with the economy, people need to eat.” Alex Bell actually shares a wall with the 60,000 SF Kroger’s store, which also includes a pharmacy and liquor department. Current plaza tenants include national retailers Family Dollar, Rent-a-Center and Dollar General. A 194,000 SF Meijer’s Supercenter sits across the street.