TCII is proud to announce the acquisition of The Village Center, a 198,770-square-foot shopping center located at 6000 Youngstown-Warren Road in Niles, Ohio LOCATION HERE. Strategically positioned adjacent to the 3.3 million-square-foot Eastwood Mall Complex—one of the largest shopping destinations in the U.S.—The Village Center is poised for significant growth and revitalization.
Strategic Acquisition in a Prime Retail Corridor
The Village Center’s proximity to the Eastwood Mall Complex, which boasts over 200 retailers and attracts more than 16 million visitors annually, enhances its appeal to both consumers and prospective tenants. This location offers unparalleled visibility and access in a vibrant retail corridor.
Rapid Leasing Success Post-Acquisition
Since acquiring The Village Center, TCII has achieved remarkable leasing momentum:
- Marc’s Grocery Store: Long-term anchor tenant, ensuring continued foot traffic and stability.
- Staples: Extended their commitment with a long-term lease renewal during due diligence, reinforcing the center’s strong tenant mix.
- Take 5 Oil Change: Signed a ground lease for an outparcel during due diligence, expanding the center’s service offerings.
- Trumbull County Educational Service Center: Entered into a long-term lease during due diligence, bringing a significant community institution to the center.
- FitWorks: Signed a Lease for a 22,500-square-foot former Planet Fitness space, during due diligence, which would introduce a major fitness operator to the property.
- Animal Welfare League: Signed a 17,000-square-foot lease within just three months of TCII’s ownership, highlighting the center’s rapid revitalization.
Limited Availability Signals Strong Demand
With only one outparcel remaining and a 4,000-square-foot vacancy adjacent to Marc’s Grocery Store, The Village Center offers limited yet highly desirable leasing opportunities. The swift leasing activity underscores the center’s attractiveness to a variety of tenants seeking prime retail space in a bustling market.
TCII’s Vision for The Village Center
TCII’s acquisition and proactive leasing strategy reflect our commitment to revitalizing The Village Center into a dynamic, community-focused retail destination. By leveraging the center’s strategic location and enhancing its tenant mix, we aim to create a vibrant environment that serves the needs of Niles residents and visitors alike.
For leasing inquiries or more information about The Village Center, please contact TCII’s leasing team.
