Description: Eric Church tickets
Approximate Retail Value (“ARV”): $ 200.00
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Retail Value Inc. sells Uptown Solon shopping center for $10.1 million
Uptown Solon
Retail Value Inc. (NYSE: RVI) has sold one of its remaining Ohio properties.
The Beachwood-based company formed to sell shopping centers owned by the former DDR Corp. said in a news release late Wednesday, April 21, that it closed on the sale of Uptown Solon for $10.1 million, prior to closing costs, prorations and other closing adjustments. Retail Value, known as RVI, said in the release that 90% of net proceeds were used to repay mortgage debt associated with the company. The remaining proceeds were retained as cash.
RVI in the release did not identify the buyer. Cuyahoga County land records had not recorded the sale as of 5 p.m. Wednesday.
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