DUBLIN, Ohio (WCMH) -- A shopping center near the Mall at Tuttle Crossing is under new ownership after being acquired for more than $20 million.
The Dublin-area center spans two properties at 5700-5780 and 5800-5830 Britton Parkway and were purchased by Tuttle Crossing Holdings for $21 million on Nov. 26, Franklin County Auditor's Office records show. The company is tied to DLC Management Corp., a firm headquartered in New York that boasts itself as "experts in shopping center real estate."
The 18.7-acre center is home to a Macy's Furniture Gallery, Best Buy and Ross Dress for Less, and sits on the other side of Interstate 270 from the Tuttle Crossing mall. The Columbus mall also recently transitioned to new ownership after it was purchased in October of 2023 for $19.5 million, far below the auditor's appraised value of the site of $49.7 million.
Now, the Tuttle Crossing mall is one of about 170 retail properties, including about 80 malls, owned by Namdar Realty Group and Mason Asset Management, named as "prolific real-estate partners" who operate struggling shopping districts after purchasing them for cheap, according to a profile by The Wall Street Journal.
The mall has recently welcomed several atypical tenants, like a nonprofit youth travel baseball group that took over a 7,000-square-foot space as an indoor training facility. A local organization producing original plays is renting out a space to put on "Tour de Lune," a play that was performed the first and second weekend of November.
The new tenants joined the mall after several national retailers closed their locations inside the shopping center. Clothing brand H&M, which was the largest tenant on the mall's second floor, shuttered its location in January. Youth apparel and accessory shop The Children's Place also closed its location on the first floor.
