CINCINNATI—The advent of online shopping is transforming the retail landscape, and many big malls are about to see drastic changes. Newmark Grubb Knight Frank has been appointed to market such a property in the Cincinnati metro area. Cincinnati Commercial Real Estate, an OH corporation and part of NGKF's organization, will act as the exclusive broker in the sale of Forest Fair Village, the 1.9 million square foot mall located in Forest Park, a northwestern suburb.

“This is a very good location, but it has not made it as a retail mall,” John Thompson, managing director, NGKF, tells GlobeSt.com. Built in 1989 on a 90-acre site, over the years its owners have tried several strategies, including both high-end and discount retail, but nothing worked. “We need to find folks that can use it for something other than retail.”

“We've already gotten a lot of interest and we expect to get a lot more,” he adds. A redevelopment effort could make the property ideal for high tech or light industrial users, many of which want to expand operations in the US, or medical providers that need new locations convenient for their patients. Other possibilities include office, governmental, residential, sports and recreation or educational concepts.