CINCINNATI—The real estate investment bankingfirm Savills LLC, in affiliation withMid-America Real Estate Group, has just beenappointed exclusive adviser for the sale of NewportPavilion, a new 471,000-square-foot, class A shoppingcenter in Newport, KY, on behalf of Anchor InvestmentPartners, a regional investmentpartnership.

Newport Pavilion is an open-air center,anchored by major national retailers including a KrogerMarketplace, Target Supercenter,Dick's Sporting Goods, TJ Maxx,Ulta, Petsmart, andMichael's. The center also includes restaurantssuch as Panera Bread,Chick-Fil-A, Chipotle,Buffalo Wild Wings, and IHOP. Theproperty is currently 95% leased and Savills officials say it willsoon be 99% percent leased. Furthermore, all major tenants havenew, long-term leases which should give investors a highlypredictable cash flow.

Thecenter is located across the Ohio River just one mile from theCincinnati CBD and has nearly 3,000 feet of frontage alongI-471, providing exceptional visibility and accessto a traffic count of 125,000 cars per day. There are 250,000residents with a five-mile radius and 250,000 employees within a 10minute drive of the property.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.