Tanger Outlet Announces New Retail Options

Tanger Outlet Mall in Sunbury, Ohio, has announced new shops.

Tanger Outlet Mall in Sunbury, Ohio’s Berkshire Township has announced that Crocs is the newest outlet store to be added to its roster.

Crocs is joining recent new faces including, according to Columbus Business First,

The Mall will also be on the ballot in November looking for the addition of a liquor license to allow for some new faces – including a brewhouse and restaurant – to join the lineup at the outdoor mall.

Great to see new additions coming in to reverse the trend of stores leaving as the pandemic continued to take its toll on the retail sector.

Sold this Week in Delaware County

SOLD Commercial Real Estate

AZM Realty Ltd. has purchased a Sunbury, Ohio office building this past week for the only valid-sale transaction in Delaware County, Ohio, according to the Delaware County Auditor’s Site.

The property, located at 801 West Cherry Street — State Routes 36/37 — is a two-story structure located on the north side of the building just at the edge of Sunbury towards I-71. The building was built in 1996 and has 12,000 square feet that are rented to multiple tenants. According to the Delaware County Auditor, AZM Realty Ltd. paid $1,042,000 for the property.

A valid sale is a term utilized by the Auditor’s office to differentiate between simply a change or edit to the title of a property that must be recorded but does not necessarily mean a change of hands. Valid sale can also be called an arm’s length transaction, essentially meaning that – in theory – neither party was in distress and the value can be considered the highest and best for the property today.