Landen Square
Maineville, OH (Cincinnati MSA)

Property Snapshot | 68,173 SF Kroger shadow-anchored shopping center located along US-22 in Maineville, OH, within the Cincinnati metropolitan area.

Acquired: 4/10/2025

Landen Square is a neighborhood shopping center positioned within the primary retail corridor serving Maineville, Ohio, a growing suburb within the Cincinnati MSA. The property is shadow-anchored by a Kroger grocery store and fuel center and benefits from strong surrounding retail traffic and accessibility along US-22.

The center is leased to a mix of national and regional tenants, including YMCA, Allstate, and 1-800 CPAP, providing a diversified mix of service-oriented and daily-needs tenancy within the corridor.

Criterion acquired the property with a value-add strategy focused on increasing rents toward market levels, leasing remaining vacancy, and improving the overall appearance and functionality of the center through targeted property improvements. At acquisition, in-place rents were significantly below prevailing market rates, creating long-term upside through tenant renewals and active leasing efforts.

Additional business plan initiatives include leasing approximately 5,200 square feet of vacant space, improving signage and curb appeal, maintaining parking lot infrastructure, and implementing active property management to support future leasing momentum and rental growth.

The acquisition also benefited from favorable financing through an assumed existing loan structure, allowing the property to operate with below-market borrowing costs during the initial hold period.

Landen Square reflects Criterion’s investment strategy of acquiring well-located neighborhood retail centers with stable tenancy, strong grocery-driven traffic, and identifiable opportunities to create additional value through disciplined asset management and operational execution.