23
SHOPPING CENTER 4100 Lake Road, Sheffield Lake, OH 44054 SHOREWAY OFFERING MEMORANDUM
SHOPPING CENTER
4100 Lake Road, Sheffield Lake, OH 44054
SHOREWAY
OFFERING MEMORANDUM
https://www.google.com/maps/place/Apples+Market/@41.4890899,-82.1116707,563m/data=!3m1!1e3!4m13!1m7!3m6!1s0x88309b4b51df1811:0x3042c0e9303841db!2s4100+Lake+Rd,+Sheffield+Lake,+OH+44054!3b1!8m2!3d41.4896957!4d-82.1108102!3m4!1s0x88309b4b9e6b3951:0x72e6b1a7b8ed1c9a!8m2!3d41.4874274!4d-82.1125198
C O N F I D E N T I A L I T Y & D I S C L A M E R
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the
party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of
Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and
to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due
diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the
income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the
property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or
any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has
been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information
contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to
verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services,
Inc. © 2018 Marcus & Millichap. All rights reserved
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package.
The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said
corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap,
and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
N O N - E N D O R S E M E N T N O T I C E
www.dumesfalk.com
EXCLUSIVELY LISTED BY:
JOEL M. DUMESSenior Vice President Investments
Senior Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7720
Fax: (513) 878-7710
License: OH SAL.2003013045, KY 63818
STANTON R. FALKSenior Vice President Investments
Senior Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7721
Fax: (513) 878-7710
License: OH SAL.2012001364
FRANK J. SIMCICAssociate Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7745
Fax: (513) 878-7710
Licenses: OH SAL.2015005386
SHOPPING CENTERSHOREWAY
http://www.dumesfalk.com/
TABLE OF CONTENTS
01INVESTMENT OVERVIEW
02
03
PRICING & FINANCIAL ANALYSIS
DEMOGRAPHIC & MARKET OVERVIEW
01INVESTMENTOVERVIEW
INVESTMENT HIGHLIGHTS
Shoreway Shopping Center | 116,042-Square Foot Neighborhood Shopping Center
Notable Tenants Include Apples Market Grocery Store, Rite Aid, Dollar Tree, Goodwill & Little Caesars
Four-Units Totaling 16,936 Square Feet or 15 Percent of Realizable Vacancy Upside
86 Percent of Current Income is Generated from National and Regional Tenants
More than $100,000 was Invested throughout 2019 to Repair & Replace Major Roof Sections
Benefits from 100kw Wind Turbine that Supplies a Portion of the Interior Electricity for Apples Market
Situated Along US-6 with Great Visibility, Signage & Multiple Points of Ingress/Egress
City Plans to Invest Approximately $400,000 for Road Expansion, Adding Bike Lanes & Replacing Center’s Watermain
Located Less than Four-Miles from Ford Plant | $900M Planned in Upgrades & Adding 1,500 New Jobs
Within Five-Years Household Incomes Projected to Increase by Approximately 20 Percent in Five-Miles
There are More than 74,000 Residents and Over 66,000 Employees Located within Five-Miles
Less than Eight-Miles from Lorain Community College with More than 8,200 Students Enrolled
Lorain County Plans to Invest $33M to Redevelop & Expand Lakefronts and Marinas
Located 24-Miles from Downtown Cleveland, OH6
SHOPPING CENTERSHOREWAY
$$$
WindjammerApartments
Sheffield Lake
Public Beach & Boat Ramp
8
9
10
11
Unit TenantSquare
Footage
1 Apples Market 44,549
2 EZ Transitions 6,000
3North Coast
Community Workshop2,849
4 Goodwill 8,732
5 VACANT 8,500
6 VACANT 3,000
7 VACANT 3,000
8 Hello Kitty Kiddies Daycare 2,800
9 Bellamy Salon 2,800
10 Driftwood Cafe 1,700
11 Exclusive Balloons 1,675
12 Little Caesars 2,091
13 Dollar Tree 12,410
14 Rite Aid 13,500
15 VACANT 2,436
*Site plan is a representation of the property with the number of
units, parking spots and relative size of both. It does not show
the absolute exact size of the units relative to the other spaces
or the exact number of parking spots. 11
SITE PLAN
12
3
4
89101112
13
14
67
5
15
N
Lorain County Comm. CollegeEnrollment: 8,271Lorain High SchoolEnrollment: 2,130Brookside High SchoolEnrollment: 510
Mercy Health SystemLorain City School DistrictFord Assembly PlantUS Steel Corp.Republic SteelCamaco Lorain Manufacturing
74,021 Residents | 66,197 Employees$61,628 Average Household Income
SUBJECT PROPERTY
Heavy Industrial Area
Lubrizol Corp.
Ford Ohio Assembly Plant Northfolk Southern Railroad
Heavy Industrial
Area
The Perch on Lake Condominiums
Sheffield Lake Community Center
ForestlawnElementary School
Manning Equipment Ohio
Brookside High & Jr. High School
Lake Erie Crushers -Sprenger Stadium
Norfolk Southern
Camaco Lorain Manufacturing
Longfellow Middle School
LarkmoorElementary School
Vertiv
Spitzer Riverside Marina
Mile Long Pier
Black River Landing
Admiral King Elementary
General Johnnie Wilson Middle School
US Steel Corporation
Republic Steel
Lorain City Office
KokosingMaterials
RamJamSportsplex
BecotekDowntown
Lorain
Lorain Water Department
13
303-Miles
130-Miles
237-Miles
24-Miles
146-Miles
153-Miles
182-Miles
234-Miles96-Miles
216-Miles
02PRICING & FINANCIALANALYSIS
PROPERTY ADDRESS
DEMOGRAPHICS
1-Mile 3-Miles 5-Miles
2018 Estimate Population 5,787 20,936 74,021
2018 Estimate Households 2,238 8,575 29,133
Daytime Population 2,323 15,554 66,197
Average Household Income $66,290 $60,894 $61,628
SITE DESCRIPTION
EXECUTIVE SUMMARY
Built 1958 | 1996
Gross Leasable Area (GLA) 116,042 SF
Current Occupancy 85.41%
Lot Size +/- 18.68 Acres
NOTABLE TENANTS
TENANT GLALEASE
EXPIRATIONLEASE
TYPE
Apples Market 44,549 01/08/2024 NNN
Rite Aid #3169 13,500 10/31/2022 NNN
Dollar Tree #2607 12,410 12/31/2024 NN
Goodwill 8,732 09/30/2024 Gross
MAJOR EMPLOYERS
EMPLOYER
Mercy Health System
Ford Assembly Plant
US Steel Corporation
Republic Steel
Camaco Lorain Manufacturing
15Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.
4100 Lake Road
Sheffield Lake, OH 44054
SHOPPING CENTERSHOREWAY
https://www.google.com/maps/place/Apples+Market/@41.4890899,-82.1116707,563m/data=!3m1!1e3!4m13!1m7!3m6!1s0x88309b4b51df1811:0x3042c0e9303841db!2s4100+Lake+Rd,+Sheffield+Lake,+OH+44054!3b1!8m2!3d41.4896957!4d-82.1108102!3m4!1s0x88309b4b9e6b3951:0x72e6b1a7b8ed1c9a!8m2!3d41.4874274!4d-82.1125198https://www.google.com/maps/place/Apples+Market/@41.4890899,-82.1116707,563m/data=!3m1!1e3!4m13!1m7!3m6!1s0x88309b4b51df1811:0x3042c0e9303841db!2s4100+Lake+Rd,+Sheffield+Lake,+OH+44054!3b1!8m2!3d41.4896957!4d-82.1108102!3m4!1s0x88309b4b9e6b3951:0x72e6b1a7b8ed1c9a!8m2!3d41.4874274!4d-82.1125198
16
RENT ROLL AND TENANT LEASE SUMMARY
Tenant Name (Lease Type)
Tenant Description
SquareFeet
Pro-RataShare
Lease
Commence
Lease
Expiration
AnnualRent/ SF
Monthly
Base Rent
Annual
Base Rent
Base Rent
Changes On
Base Rent
Changes To
Tenant Option
Terms
Apples Market (Triple-Net) 44,549 38.39% 02/27/2009 01/08/2024 $3.00 $11,137 $133,647 None None Three, Five-Year
Cascade Management Services, Inc.
5 Locations
A locally owned conventional grocery store that
has served the local communities since 1979.
CAM: Maintains own common area and pays direct (Opt. 3) 01/09/2024 $144,784 Years 16 – 20
Taxes: Reimburses pro-rata share of 25% (Opt. 4) 01/09/2028 $155,922 Years 21 – 25
Insurance: Self-insured and pays direct (Opt. 5) 01/09/2032 $167,059 Years 26 – 30
Other: Pays percentage rent equal to .25% of sales over $15,000,000 and 1% of sales over $22,000,000
Rite Aid #03169 (Triple-Net) 13,500 11.63% 03/24/1958 10/31/2022 $4.11 $4,626 $55,506 None None One, Five-Year
Rite Aide of Ohio, Inc.
+/- 2,466 Locations | NYSE: RAD
Third largest drugstore chain in the U.S with
over $21 Billion in annual revenue.
CAM: Pays fixed NNN reimbursement totaling $600 per month or $7,200 per year (Opt. 8) 11/01/2022 $66,000 Years 65 – 70
Taxes: Pays fixed NNN reimbursement totaling $600 per month or $7,200 per year
Insurance: Pays fixed NNN reimbursement totaling $600 per month or $7,200 per year
Other: Pays percentage rent equal to 2% of sales above $2,000,000, 3% from $2,000,000 to $1,150,000 and 3.50% below $1,150,000
Other: Anytime early termination right with 150-day notice
Dollar Tree #6723 (Double-Net) 12,410 10.69% 10/25/1994 12/31/2024 $3.40 $3,516 $42,194 None None Four, Five-Year
Dollar Tree Stores, Inc.
+/- 14,835 Locations | NASDAQ: DLTR
One of the largest dollar stores in the U.S. with
over $22.8 Billion in annual revenue.
CAM: Pro-rata share, capped at 5% of prior year excluding snow removal (Opt. 6) 01/01/2025 $48,399 Years 21 – 25
Taxes: Pro-rata share, capped at 5% of prior year (Opt. 7) 01/01/2030 $54,604 Years 26 – 30
Insurance: Does not reimburse (Opt. 8) 01/01/2035 $60,809 Years 31 – 35
Other: None (Opt. 9) 01/01/2040 $67,014 Years 36 – 40
Little Caesars Pizza (Gross) 2,091 1.80% 04/01/2016 03/31/2022 $4.59 $800 $9,600 None None One, Four-Year
Zarifco, LLC
+/- 5,463 Locations
Third largest pizza chain in the U.S. with over
$3.72 Billion in annual revenue.
CAM & MGMT: Does not reimburse (Opt. 2) 04/01/2022 $12,000 Years 7 – 10
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: None
Exclusive Balloons (Gross) 1,675 1.44% 02/01/2014 02/28/2021 $3.04 $425 $5,100 None None None
Exclusive Balloons, LLC
1 Location
A local balloon décor shop that specialize in
weddings, parties, and events of that nature.
CAM & MGMT: Does not reimburse
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: Either landlord or tenant can terminate at anytime with 30-day notice
Driftwood Café (Gross) 1,700 1.46% 06/01/2014 05/31/2020 $4.94 $700 $8,400 None None One, Two-Year
Personal
1 Location
A local family owned diner that mainly sells
breakfast and lunch.
CAM & MGMT: Does not reimburse (Opt. 3) 06/01/2020 $9,600 Years 7 – 8
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: None
Bellamy Salon (Gross) 2,800 2.41% 07/01/2018 06/30/2020 $4.07 $950 $11,400 None None One, One-Year
Bellamy Salon, LLC
1 Location
A full-service beauty salon offering a variety of
services with excellent online reviews.
CAM & MGMT: Does not reimburse (Opt. 1) 07/01/2020 $11,400 Year 3
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: None
SHOPPING CENTERSHOREWAY
17
RENT ROLL AND TENANT LEASE SUMMARY
Tenant Name (Lease Type)
Tenant Description
SquareFeet
Pro-RataShare
Lease
Commence
Lease
Expiration
AnnualRent/ SF
Monthly
Base Rent
Annual
Base Rent
Base Rent
Changes On
Base Rent
Changes To
Tenant Option
Terms
HelloKittyKiddies Daycare (Gross) 2,800 2.41% 07/01/2017 06/30/2022 $4.29 $1,000 $12,000 None None One, Five-Year
Personal
1 Location
A local daycare facility that specializes in taking
care of young children.
CAM & MGMT: Does not reimburse (Opt. 1) 07/01/2022 $18,000 Years 6 – 10
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: None
Goodwill (Gross) 8,732 7.52% 10/01/2017 9/30/2024 $8.11 $5,900 $70,800 None None One, Three-Year/
One, Five-Year
Goodwill Industries of Lorain County, Inc.
+/- 2,800 Locations
One of the largest nonprofit organizations in the
world.
CAM & MGMT: Does not reimburse (Opt. 1) 10/01/2024 $73,200 Years 8 – 10
Taxes: Does not reimburse (Opt. 2) 10/01/2027 $75,300 Years 11 – 15
Insurance: Does not reimburse
Other: None
EZ Transitions – Estate Sales (Gross) 6,000 5.17% 02/23/2015 10/31/2021 $2.78 $1,391 $16,692 11/01/2020 $17,520 None
EZ Transitions, LLC
1 Location
A local real estate consultation company that
specializes in liquidation.
CAM & MGMT: Does not reimburse
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: Either landlord or tenant can terminate at anytime with 60-day notice
North Coast Community Woodshop (Gross) 2,849 2.46% 11/01/2015 10/31/2020 $1.47 $350 $4,200 None None None
Personal
1 Location
A membership only community woodworking
shop.
CAM & MGMT: Does not reimburse
Taxes: Does not reimburse
Insurance: Does not reimburse
Other: Either landlord or tenant can terminate at anytime with 60-day notice
Vacant 2,436 2.10%
Vacant 3,000 2.59%
Vacant 3,000 2.59%
Vacant 8,500 7.32%
Total Occupied 99,106 85.41% $30,795 $369,539
Total Vacant 16,936 14.59% $0 $0
Totals 116,042 100.00% $30,795 $369,539
SHOPPING CENTERSHOREWAY
18
PRICING DETAIL & OPERATING DATA
Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.
List Price $2,650,000
CAP Rate 9.10%
Price/SF $22.84
Net Operating Income $241,256
Gross Leasable Area (GLA) 116,042 SF
Vacancy Upside 14.59%
Ownership Fee Simple
Scheduled Base Rental Income $369,539
Expense Reimbursement Income
CAM $12,623
Real Estate Taxes $23,458
Insurance $0
Management $0
Total Reimbursement Income $36,082
Rite Aid Percentage Rent (4-Yr Avg.) $29,664
Effective Gross Revenue $435,289
Less: Operating Expenses ($194,033)
Net Operating Income $241,256
Less: Debt Service ($132,566)
Net Cash Flow After Debt Service 16.41% $108,690
Principal Reduction $44,029
Total Return 23.05% $152,719
CURRENT OPERATING DATA
Loan Type Proposed New
Down Payment 25% | $662,500
Loan Amount 75% | $1,987,500
Interest Rate | Amortization 4.50% | 25 Years
Debt Coverage Ratio 1.82
LOAN INFORMATION
Operating Expenses Current Per/SF
Com
mo
n A
rea
Ma
inte
na
nce Electric $10,073 $0.09
Gas $8,320 $0.07
Water/Sewer $10,130 $0.09
Est. Snow Removal $21,500 $0.19
Est. Lot Sweeping $6,000 $0.05
Est. Landscaping $7,000 $0.06
General R&M $11,672 $0.10
Fire Protection $452 $0.00
Total CAM Expenses $75,147 $0.65
Est. Insurance $21,385 $0.18
Real Estate Taxes* $65,720 $0.57
Management Fee (5% of EGR) $20,281 $0.17
Reserves $11,500 $0.10
Total Expenses $194,033 $1.67
THE OFFERING
*Taxes based on List Price
SHOPPING CENTERSHOREWAY
03DEMOGRAPHICS & MARKETOVERVIEW
20
74,021 Residents
66,197 Employees
20,936 Residents
15,554 Employees
5,787 Residents
2,323 Employees Shoreway Shopping Center
SHOPPING CENTERSHOREWAY
21
DEMOGRAPHIC OVERVIEW
Marcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.
Source: © 2018 Experian
Created on December 2019
POPULATION 1-Miles 3-Miles 5-Miles▪ 2023 Projection
Total Population 5,890 21,459 75,537
▪ 2018 Estimate
Total Population 5,787 20,936 74,021
▪ 2010 Census
Total Population 5,726 20,640 72,931
▪ 2000 Census
Total Population 5,863 20,943 73,698
▪ Current Daytime Population
2018 Estimate 2,323 15,554 66,197
HOUSEHOLDS 1-Miles 3-Miles 5-Miles▪ 2023 Projection
Total Households 2,308 8,939 30,275
▪ 2018 Estimate
Total Households 2,238 8,575 29,133
Average (Mean) Household Size
2.51 2.45 2.53
▪ 2010 Census
Total Households 2,222 8,451 28,773
▪ 2000 Census
Total Households 2,118 7,982 27,523
▪ Occupied Units
2023 Projection 2,308 8,939 30,275
2018 Estimate 2,452 9,596 33,087
HOUSEHOLDS BY INCOME 1-Miles 3-Miles 5-Miles▪ 2018 Estimate
$150,000 or More 3.23% 4.01% 5.38%
$100,000 - $149,000 11.15% 10.00% 10.03%
$75,000 - $99,999 15.93% 12.65% 11.04%
$50,000 - $74,999 27.88% 23.70% 19.25%
$35,000 - $49,999 16.86% 17.02% 14.56%
Under $35,000 24.97% 32.63% 39.72%
Average Household Income $66,290 $60,894 $61,628
Median Household Income $55,833 $50,319 $44,922
Per Capita Income $25,640 $24,945 $24,327
HOUSEHOLDS BY EXPENDITURE 1-Miles 3-Miles 5-MilesTotal Average Household Retail Expenditure $61,025 $56,492 $54,236
▪ Consumer Expenditure Top 10 Categories
Housing $15,827 $14,811 $14,198
Transportation $10,365 $9,537 $9,110
Shelter $8,641 $8,109 $7,801
Personal Insurance and Pensions $7,057 $6,082 $5,658
Food $6,193 $5,766 $5,526
Health Care $4,636 $4,257 $4,006
Utilities $3,901 $3,636 $3,479
Entertainment $2,248 $2,073 $1,982
Household Furnishings and Equipment $1,659 $1,553 $1,481
Apparel $1,445 $1,334 $1,253
POPULATION PROFILE 1-Miles 3-Miles 5-Miles▪ Population By Age
2018 Estimate Total Population 5,787 20,936 74,021
Under 20 23.95% 24.93% 27.62%
20 to 34 Years 18.03% 18.92% 18.17%
35 to 39 Years 7.37% 6.97% 6.47%
40 to 49 Years 13.03% 12.25% 12.47%
50 to 64 Years 23.35% 21.73% 20.30%
Age 65+ 14.26% 15.23% 14.96%
Median Age 40.48 39.39 38.24
▪ Population 25+ by Education Level
2018 Estimate Population Age 25+ 4,085 14,540 49,200
Elementary (0-8) 1.26% 1.38% 3.19%
Some High School (9-11) 7.92% 8.89% 11.24%
High School Graduate (12) 39.30% 39.09% 33.72%
Some College (13-15) 27.12% 25.32% 22.52%
Associate Degree Only 8.18% 8.85% 9.22%
Bachelors Degree Only 10.96% 10.31% 11.90%
Graduate Degree 4.60% 5.44% 7.04%
SHOPPING CENTERSHOREWAY
22Source: © 2017 ExperianMarcus & Millichap makes no representations as to the accuracy of the information contained herein. Buyer must verify all information and bears all risk for any inaccuracies.
MARKETING TEAM
FIVE-MILE DEMOGRAPHIC OVERVIEW
Source: © 2018 Experian
Income
In 2018, the median household income for your selected geography is
$44,922, compare this to the US average which is currently $58,754.
The median household income for your area has changed by 16.49%
since 2000. It is estimated that the median household income in your
area will be $53,440 five years from now, which represents a change
of 18.96% from the current year.
The current year per capita income in your area is $24,327, compare
this to the US average, which is $32,356. The current year average
household income in your area is $61,628, compare this to the US
average which is $84,609.
Population
In 2018, the population in your selected geography is 74,021. The
population has changed by 0.44% since 2000. It is estimated that the
population in your area will be 75,537 five years from now, which
represents a change of 2.05% from the current year. The current
population is 48.02% male and 51.98% female. The median age of the
population in your area is 38.24, compare this to the US average
which is 37.95. The population density in your area is 940.74 people
per square mile.
Households
There are currently 29,133 households in your selected geography.
The number of households has changed by 5.85% since 2000. It is
estimated that the number of households in your area will be 30,275
five years from now, which represents a change of 3.92% from the
current year. The average household size in your area is 2.53
persons.
Employment
In 2018, there are 66,197 employees in your selected area, this is also
known as the daytime population. The 2000 Census revealed that
48.33% of employees are employed in white-collar occupations in this
geography, and 51.78% are employed in blue-collar occupations. In
2018, unemployment in this area is 7.55%. In 2000, the average time
traveled to work was 27 minutes.
Race and Ethnicity
The current year racial makeup of your selected area is as follows:
74.54% White, 11.79% Black, 0.02% Native American and 1.06%
Asian/Pacific Islander. Compare these to US averages which are:
70.20% White, 12.89% Black, 0.19% Native American and 5.59%
Asian/Pacific Islander. People of Hispanic origin are counted
independently of race.
People of Hispanic origin make up 21.77% of the current year
population in your selected area. Compare this to the US average of
18.01%.
Housing
The median housing value in your area was $117,242 in 2018,
compare this to the US average of $201,842. In 2000, there were
18,815 owner occupied housing units in your area and there were
8,708 renter occupied housing units in your area. The median rent at
the time was $430.
SHOPPING CENTERSHOREWAY
www.dumesfalk.com
EXCLUSIVELY LISTED BY:
JOEL M. DUMESSenior Vice President Investments
Senior Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7720
Fax: (513) 878-7710
License: OH SAL.2003013045, KY 63818
STANTON R. FALKSenior Vice President Investments
Senior Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7721
Fax: (513) 878-7710
License: OH SAL.2012001364
FRANK J. SIMCICAssociate Director - National Retail Group
Cincinnati Office
Tel: (513) 878-7745
Fax: (513) 878-7710
Licenses: OH SAL.2015005386
SHOPPING CENTERSHOREWAY
http://www.dumesfalk.com/
