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JUST CLOSED: Morgantown Commons

Goodman Investment Group is pleased to announce the sale of Morgantown Commons in Morgantown, West Virginia. This is the third shopping center sale for a repeat client, Rural King. The 100% leased, nationally anchored shopping center was sold to a private west-coast based investor for 98% of list price. Morgantown Commons, with a vacant Kmart box that was still paying rent, was purchased by Rural King for a brand-new store to add to the thriving retail market.
 
Prior to marketing the property for disposition, Randy Goodman, Alex Justice and Bobby Benjamin were able to lease a 44,620 SF vacancy (32% of the GLA) to Goodwill on a brand new 12-year lease. Additionally, Randy and Alex were able to work on behalf of Rural King, in conjunction with local broker Petroplus & Associates, to extend the leases of the current tenants, adding long-term value to the shopping center.
 
To learn more about the sale, please contact Kyle Hartung, Director of Investment Sales, at This email address is being protected from spambots. You need JavaScript enabled to view it.
 
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Project In Progress: Aldi Coming Soon

Tremont Plaza in Upper Arlington, Ohio is getting a new anchor and façade. Aldi will fill the 18,084 SF former Barnes & Noble Bookstore and will join existing retailers CVS Pharmacy and Panera Bread at the center. Tremont Plaza is prominently located at the intersection of Tremont Road, Northwest Boulevard and Fishinger Road.
 
Tremont Plaza is now fully leased. Zachary Sogoloff, Senior Vice President; and Seth Marks, Senior Associate; at Goodman Real Estate Services Group LLC, represented the landlord in this transaction. Cardinal Commercial Real Estate, represented Aldi in this transaction.
 
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Coming to Ohio - Dave's Hot Chicken

Los Angeles-based restaurant, Dave’s Hot Chicken, will be landing new locations in Ohio with the help of Goodman Real Estate Services Group LLC. Out-of-state restaurant franchises have been looking to Ohio and surrounding Midwest states to expand and create new opportunities for growth. Dave’s Hot Chicken is actively looking to open 28 locations in the Midwest, with plans for 15 locations in Indiana, and 13 in Columbus, Ohio.
 
Goodman Real Estate agents Daniel Clark, Vice President and Manager, Columbus Office; and Chad Hamrick, Senior Director, Columbus Office, have been assisting the Dave Diggity LLC franchisee in finding prime tenant space in the Columbus area. The Nashville-style restaurant was started by best friends Dave Kopushyan, Arman Oganesyan, and Tommy and Gary Rubenyan in an East Hollywood parking lot in 2017. Since then, they have perfected their hot chicken recipe to satisfy customers in California, Toronto, Oregon, Nevada, Colorado, Texas, and soon Ohio and Indiana. They specialize in mouthwatering hot-chicken sandwiches and tenders, along with homemade sides and secret sauce. Already secured Dave’s Hot Chicken locations in Columbus are anticipated to open as soon as late 2021 or early 2022. For leasing opportunities and more information on remaining space please contact Daniel Clark at This email address is being protected from spambots. You need JavaScript enabled to view it. or Chad Hamrick at This email address is being protected from spambots. You need JavaScript enabled to view it..
 
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Landlord Spotlight: Zeisler Morgan Properties Ltd.

Zeisler Morgan Properties Ltd. is a privately-owned, full-service shopping center development company headquartered in Cleveland, Ohio. Ridge Park Square, a 564,000 SF shopping center with approximately 50 tenants, is among their most notable assets.
 
For seven years, Goodman Real Estate Services Group LLC agents, Zack Sogoloff and Seth Marks, have served as the leasing team for Zeisler Morgan’s 900,000 SF, Class A shopping center portfolio in Northeast Ohio. Bi-weekly meetings, monthly leasing reports, premier marketing tactics, and strong communication with all parties have been the backbone of this relationship. Zack and Seth work directly with Goodman's marketing team to attract best-in-class tenants and ensure that all properties within the Zeisler Morgan's portfolio maintain high occupancy levels. This process has created numerous successful tenants, which include Ross Dress For Less, Starbucks, Bank of America, Chase Bank, Dollar Tree, Taco Bell, Five Guys, and more.
 
"ZM’s relationship with Goodman is in its 7th year now which says a lot about how we have found an excellent formula for working together as a unified team. Above all else, it is Goodman’s knowledge, experience, and client focus, that we value the most."
-Shannon Blackwell, President & Chief Operating Officer at Zeisler Morgan
 
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Goodman Real Estate Introduces Lease Renewal and Restructuring Program

Many tenants today do not have the staff, time, or industry insight to concentrate on lease renewals or restructurings. For our clients, we provide thorough analysis of their leases and offer strategy and advice to develop and achieve short-range solutions or long-range real estate planning.
 
Businesses needs change over time. We educate ourselves on our customers' current requirements and advocate on their behalves with their landlords to effectuate the change required by their current business model.
 
Whether it’s restructuring leases for savings, securing capital for improvements, lengthening terms, handling dispositions, or solving other problems, we have the industry knowledge and expertise to offer tenants comprehensive guidance on their leased property.
 
To learn more about our lease renewal and restructuring program, please contact Larry Klein at 216-381-8200 and at This email address is being protected from spambots. You need JavaScript enabled to view it..
 
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