A big real estate investor is ending its six-year bet on retail in the Pearl District.
SITE Centers Corp., based in Beachwood, Ohio, is selling “The Blocks,” 44 storefronts accounting for 95,430 square feet, according to an offering document obtained by WW. All of the spaces are in 10 residential buildings in the Pearl, including the Streetcar Lofts, the Pinnacle and Park Place.
SITE Centers, a real estate investment trust, bought the collection of spaces in late 2019, according to its website, calling the Pearl “one of the most desirable places to live on the West Coast.”…