Barrington Town Center
Retail Investment Opportunity | Aurora, OH
Marketing description
Retail Investment Opportunity | Aurora, OH
Guggenheim Commercial Real Estate is pleased to present the opportunity to acquire Barrington Town Center, a 112,663 square-foot, multi-building retail property situated on 15.8 acres in the growing, affluent suburb of Aurora, Ohio (20 miles east of Downtown Cleveland and 20 miles north of Downtown Akron). The property consists of five buildings and is currently 87.2% occupied, offering stable cash flow with meaningful upside through lease-up and rent growth.
The center is anchored by a diverse roster of national and regional tenants, including Heinen’s Grocery Store (not included), Atlas Cinemas, Ace Hardware, Dollar Tree, Howard Hanna, University Hospitals, Drayer Physical Therapy, Subway, and The UPS Store. Barrington Town Center hosted roughly 1.4 million visitors in 2025 (Source: Placer.ai). Nearby retailers include Marc’s Grocery Store, Walmart, Kohl’s, Dunkin’, and Aurora Farms Premium Outlets.
The surrounding market features strong demographics and socioeconomic fundamentals. Within a 10-mile radius, the population is roughly 200,000 residents, with median household incomes above $130,000, reflecting Aurora’s affluent residential base and supporting robust consumer spending.
Accessibility and visibility are key competitive advantages for the property. Located between Aurora Road (State Route 43), West Garfield Road (State Route 82), and North Chillicothe Road (State Route 306), the center benefits from high vehicular traffic and convenient access to surrounding residential neighborhoods and major regional thoroughfares. Aurora’s location between Cleveland (20 miles east) and Akron (20 miles north) further enhances the retail gravity of the area, drawing customers from a broad trade area.
The Barrington Town Center retail corridor continues to see investment and redevelopment activity, reinforcing the property’s position as a dominant community and lifestyle retail destination. Located just minutes away, the major redevelopment of the former Geauga Lake Amusement Park (over 650 acres) is currently underway. When completed, the mixed-use redevelopment will be comprised of a 175,000 square foot Menards, a 157,000 square foot Meijer Supermarket, over 700 new residential units of apartments and single-family homes, office space, senior housing, medical opportunities, and parks.
Overall, Barrington Town Center offers investors a stabilized income stream, a high-quality tenant mix, excellent visibility, and strong demographic support, with potential upside through lease-up, rent growth, and enhanced positioning within a well-established and growing retail trade area.
Investment highlights
- 112,663 SF Multi-Tenant Retail across 5 buildings on 15.8 acres in affluent Aurora, Ohio
- Stabilized In-Place Income with Value-Add Upside – Approximately 87% occupied with 5 vacant units totaling approximately 14,400 SF available for lease-up
- Anchored by Atlas Cinemas (10 Screens) and Shadow-Anchored by Heinen’s Grocery – Atlas Cinemas opened in 2024, is the only theater within a 10-mile radius, and is performing above expectations
- Diverse Tenant Mix – National, Regional, and Local Tenants including Atlas Cinemas, University Hospitals, Ace Hardware, Dollar Tree, and Howard Hanna
- Dominant Shopping Center in Aurora – Fronting the Jack Nicklaus Signature-designed Barrington Golf & Racquet Club
- Affluent Demographics – Median household income exceeds $130,000 within a 10-mile radius
- Strong Market Growth and Residential Pipeline – More than 700 new residential units are underway, including 331 apartments at VC Park, 308 townhomes and single-family homes at Renaissance Park, and 79 homes at Lakeview Villas, a 55+ community
- Adjacent to the Streetsboro-Aurora Industrial Corridor – More than 32 million square feet of industrial inventory with just 3.8% vacancy according to CoStar, home to more than 40 companies and 4,000 employees including Aurora Material Solutions, Aurora Plastics, Viega, and Piping Rock. Direct access to I-80 (Ohio Turnpike) and I-480 drives daytime employment and retail demand throughout Northeast Ohio
- Prime Proximity to Regional Demand Drivers – Adjacent to Mario’s International Spa & Hotel, with Aurora High School, serving more than 800 students, the Walden Inn & Spa Resort, and Aurora Farms Premium Outlets with more than 50 stores all located within minutes of the property
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