Redeveloped Sugarcreek Plaza Now 100% Leased
PEBB Enterprises is pleased to announce Sugarcreek Plaza is now 100% leased. Affordable Uniforms is the latest tenant to join the Shopping Center. Sugarcreek Plaza is situated in the heart of the Sugarcreek/Centerville market on Wilmington Pike in Dayton, Ohio.
PEBB acquired Sugarcreek Plaza, which was formerly a Cub Foods grocery store, in January 2016 with zero occupancy. Significant investment was made in the infrastructure and the façade of the center and a 6,000 square foot, in-line space and an outparcel were added to the site. Once the improvements were completed, the leasing team saw an upsurge in retailer interest.
Sugarcreek Plaza tenants include Bed Bath & Beyond, Buy Buy Baby and Planet Fitness, along with Affordable Uniforms. PEBB executed a long-term ground lease with an experienced KFC operator, which has since been sold to a qualified buyer ahead of the start of construction.
“The outparcel was the last piece of the puzzle”, said PEBB VP of Acquisitions & Dispositions Pete Crane. “Once the rest of the center was up and running, it became much easier to market because operators could see the value in the location.”
“Redevelopment projects are extremely satisfying because they give us the chance to not only improve the offering in a community but also to provide a higher quality of service” said PEBB President Ian Weiner. “Sugarcreek Plaza has been no exception. It’s been exciting to watch the center come back to life.”
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