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JV Sells Discount Drug Mart Center in Kent

Private Investor Buys Fully-Leased Retail Bldg. for $3.2M
February 22, 2018
Norwood Development Group, along with PB Properties, sold the 31,762-square-foot Discount Drug Mart Center retail building at 1763-1771 E. Main St. in Kent, OH to an Indiana-based private investor for $3.2 million, or approximately $102 per square foot.

The fully leased, single-story strip center delivered in 1999 and is located less than one mile from Kent State University.

Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the local sellers, which acquired the shopping center in February 2014 for $2.85 million. Russell Panowicz, also with Marcus & Millichap, represented the buyer.

Please see CoStar COMPS #4104914 for more information on this transaction.
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