Polaris Shopping Center Hits the Market in Columbus
Jul 12, 2016

COLUMBUS, Ohio, July 11, 2016 – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce that the team of Erin Patton, Scott Wiles and Craig Fuller has been selected to exclusively offer for sale The Market at Polaris, a 208,457-square-foot, 98.5-percent-occupied regional shopping center in Columbus, Ohio.

“The Market at Polaris is situated within a vast and dense retail and office trade area in one of the nation’s most affluent, well-educated and growth markets,” says Patton, IPA senior director.

Patton, along with Wiles, IPA senior director and Fuller, IPA senior director, are representing the seller, a public real estate investment trust.

“The competition for this assignment was spirited,” Patton continues. “Our performance track record on similar assignments, attention to detail and the quality of our presentation materials helped us earn the opportunity.”

The Market at Polaris is located on 25.7 acres, approximately 12 miles north of downtown Columbus at 1051 Gemini Place in the Polaris market area, which is defined by Polaris Parkway and Gemini Place, two east/west thoroughfares just west of Interstate 71. The property is on the perimeter of Polaris Fashion Place, a 1.4-million-square-foot WP Glimcher-owned super-regional shopping mall that is anchored by Saks Fifth Avenue, Dick’s Sporting Goods, Field & Stream, Macy’s, Von Maur, Sears, and JCPenney.

Anchored by Rave Motion Pictures Polaris, The Market at Polaris is co-anchored by Big Sandy Superstore, a regional furniture, appliances, and electronics retailer that just signed a new 15-year lease. Junior boxes include PetSmart and Bed Bath & Beyond, both of which are leased through January 2021. One small shop space totaling 3,000 square feet is available for lease.