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Mid-America Real Estate Arranges Sale of Buttermilk Towne Center in Cincinnati MSA

CRESCENT SPRINGS (CINCINNATI MSA), Ky. (August 28, 2014) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Buttermilk Towne Center in Crescent Springs (Cincinnati MSA), Ky.  The 277,533-square-foot center was purchased by Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust (NYSE: RPT) for $42 million.

Buttermilk Towne Center is located at the northeast quadrant of Interstate 71/75 and Buttermilk Pike (State Route 371).  The center is anchored by Home Depot, Remke Markets, Field & Stream (Dick’s Sporting Goods, Inc.), and LA Fitness, and is complemented by a strong line-up of national and regional retailers including PNC Bank, FedEx Office, Palm Beach Tan, Firehouse Subs, Marcos’ Pizza, and sweetFrog Yogurt.

Ben Wineman and Rick Drogosz of Mid-America Real Estate Corporation were the exclusive brokers in the transaction on behalf of the seller, an affiliate of Pepper Pike, Ohio-based Visconsi Companies, Ltd.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit.  For more information, call (630) 954-7300 or visit www.midamericagrp.com.

Buttermilk Towne Center located in Kentucky

Buttermilk Towne Center in Crescent Springs (Cincinnati MSA), Ky.
Click on images to view hi-res version

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