Mid-America Real Estate Facilitates Sale of Hobby Lobby in Lima, Ohio
April 10, 2023
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale to an Institutional Buyer of a single tenant, triple net property leased to Hobby Lobby. The 60,000 square foot building is adjacent to the separately-owned Kohl’s, TJ Maxx, Ulta, Jo-Ann, and Shoe Carnival anchored Lima Center in Lima, Ohio.
Hobby Lobby is one of the largest arts and crafts chains totaling over 900 locations in 47 states, and one of the nation’s largest privately held companies with estimated annual revenue of $7.7 billion in 2022.
Mid-America Real Estate Corporation Vice President Matt McParland and Principal Ben Wineman, in cooperation with Anchor Associates Partner Amy Holter (a licensed Ohio broker), were the exclusive brokers in the transaction on behalf a private investment group.
Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. Mid-America leases and manages more than 60 million square feet of retail space, and represents over 270 retailers and other tenants.
Mid-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $14 billion to date. For more information, visit www.midamericagrp.com.
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