Idaho Business Review: Ketchum Private Equity Firm Buys Ohio Shopping Center
Courtesy of Idaho Business Review
by Teya Vitu, April 13, 2017
Headwater Capital has acquired a 112,630-square-foot shopping center in Ohio for $13.1 million, the second acquisition for the Ketchum private equity firm established in February 2016.
The Barrington Town Center in Aurora, Ohio is in an affluent community between Cleveland and Akron. It has a Heinen’s Fine Foods grocer, 10-screen Cinemark cinemas and several smaller businesses
Headwater manages a series of investments in commercial real estate. Headwater CEO Robert A. Kantor believes Headwater will make about two to five acquisitions a year up to $15 million, typically involving small- to mid-size shopping centers. Headwater invests in the acquisition and also invites outside investors, including $5 million for the Barrington Town Center purchase, Kantor said.
For complete article, click here