PARMA, Ohio — Hendon Properties — in a joint venture with Axiom Realty and Peaceable Street Capital — last month announced the $85.2 million acquisition of The Shoppes at Parma from Allied Development.
“Our acquisition of The Shoppes at Parma represents exactly the type of investment we seek — high-quality retail centers anchored by best-in-class brands that serve essential community destinations,” said Hendon Properties Director of Acquisitions Lance Hagaman in a press release.
“Centers like The Shoppes at Parma with dual grocery anchors (Marc’s and Walmart Supercenter) are rare and exceptionally well-positioned because they generate consistent customer traffic, support a healthy mix of complementary retailers and demonstrate resilience across market cycles…