LOS ANGELES—DealPoint Merrill has purchasedthree redevelopment properties throughout the country totaling325,500 square feet. Two of the properties, located in Ohio andMichigan, are shopping centers, and the third is aself-storage facility located in Arizona.

Located in Columbus, Ohio, the first shopping center,National Road Plaza, is 120,700 square feet, whilethe second center, Bay View Plaza in Saginaw,Michigan, rings in at 151,396 square feet. "The two properties haveexcess land area which will be developed into street front retailpads which will be either sold or leased, and using a vacant anchorstore which has the square footage for our self-storage facilityand adjoining retail will enable us to redevelop the propertyrather than to build from scratch, thus saving us money,"Danielle Watson, DealPoint communicationsdirector, tells GlobeSt.com. "The other property in Arizona isalready a self-storage facility which will be redeveloped into alarger facility with retail."

The self-storage facility is the smallest of the three purchasesat 53,400 square feet. DealPoint purchased these properties because"they have good demographics and income, high traffic count andstreet front visibility," according to Waston. The price forthese three purchases is undisclosed.