The Prime Retail Space Includes Over 62 acres, Home Depot, Target, Ulta, TJ Maxx, and PetSmart
Rossford, OH. — Eidi Properties announces it has acquired Crossroads Retail Development and Rossford Pointe Retail Development located along one of the most significant growth corridors in Northwest Ohio. Crossroads Centre is a 470,225 square foot power center consisting of prime retail space including five separate shopping centers and a Home Depot. Eidi Properties simultaneously acquired Rossford Pointe, comprised of 47,477 square feet of prime retail space along the Route 20 Corridor in Rossford, Ohio. Combined, the properties make up more than 500,000 square feet of retail space.
Both shopping centers are located near the highly traveled intersection of I-75 and US Highway 20. The two developments total 33 tenant-occupied businesses as well as several out-parcels available for development. Eidi Properties quickly recognized the opportunities available with these properties and moved quickly to acquire the developments. Eidi Properties was able to complete the acquisition in a mere 24 days. The company’s CEO, Ramy Eidi, says, “We were able to complete this transaction in an impressively short time due to the great banking relationships we’ve developed over the years — as well as the amazing and dedicated team at Eidi Properties.” These transactions increase Eidi Properties holdings to 40 shopping centers with over 400 commercial tenants; Eidi Properties portfolio now totals in excess of 1.5 million square feet of prime retail space. Eidi Properties is a privately held company owned by a local Toledo family. Established in 1998 and headquartered in Toledo, Ohio, Eidi Properties always strives to create a good tenant mix in the company’s plazas as well as to maximize the plaza synergy for the benefit of all retailers within the Shopping Centers. The company specializes in commercial real estate acquisitions and they manage their own properties, with the vast majority of their portfolio consisting of retail shopping centers. By creating the proper synergies and encouraging the growth and success of its tenant base, Eidi Properties holds steadfast to its company motto: “Our Tenants’ Success is Our Success.” For more information on this acquisition or any other projects from Eidi Properties, contact Eidi Properties CEO Ramy Eidi at 419-724-2222