X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Cincinnati-based Mendos Inc., an area real estate investor, has bought the 100,000-sf Northpointe Center shopping center for $2.28 million, or $22.80 per sf. The Center was built in 1977, and, according to a statement, Mendos plans “to significantly upgrade the property.”

The seller is L.J. Shapiro trustee. A Family Dollar store and NAPA Auto Parts anchor the center, which is located at the corner of Northland and Southland boulevards in Forest Park, a northern suburb of Cincinnati. It is described in the statement as “under-utilized;” however, the occupancy level was unavailable at press time.

Mark Richter, an investment and office specialist, and John Thompson, who specializes in retail sales and leases in the office of Everest Real Estate Group/TCN Worldwide, negotiated the transaction for Shapiro. Everest is the Greater Cincinnati/Northern Kentucky-area member of the TCN Worldwide consortium of 55 independent real estate firms operating in more than 210 markets around the world.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.