Encore Retail Makes 360,000-SF Purchase

CINCINNATI-Encore Retail has purchased the Governor’s Point retail complex here for an undisclosed price. The purchase of the 360,000-square-foot property is part of Encore’s expansion plans and was made through a joint venture between the $150-million Encore Opportunity Fund and Encore Equities.

“The Governor’s Point acquisition is an important strategic addition to our growing portfolio of properties throughout the country,” says Nic Barber, president of Encore. “The development greatly benefits from the high concentration of daytime population from nearby major corporations, as well as close access to housing developments in Greene, Warren, Clinton, Hamilton and Clermont counties.”

Governor’s Point sits just off Interstate 71 at Mason-Montgomery Road. Duke Realty Corp built the two-part complex in 1998. Governor’s Point North contains 161,061-square-feet of leaseable space and is anchored by a 128,747-square-foot Lowe’s. Governor’s Point South totals 198,940 square feet and it anchored by a 157,791-square-foot Biggs Supervalu. Other tenants include Staples, Chipotle, Mattress Warehouse, UPS and T-Mobile.