North Towne Commons

Blue
Written By David Tomlinson

851 W Alexis Road,
Toledo, OH 43612

 

Salient Facts

Square Feet: - 72,960 SF

Acquisition Date: - April 2026

Type: - RETAIL

Investment Type: - VALUE-ADD

 

Investment Highlights

  • Shadow-anchored by Target and Kroger — two dominant national anchors (NAP) that drive consistent destination traffic to the center

  • Strong roster of national in-line tenants including Ross Dress for Less, Five Below, Michaels, OfficeMax, Shoe Show Mega Store, Pet Supplies Plus and Aaron’s

  • Located at the high-traffic, signalized corner of W. Alexis Road (SR-184) and Lewis Avenue, carrying roughly 38,500 vehicles per day

  • Part of an approximately 400,000-square-foot regional retail development serving North and West Toledo and adjacent Southeastern Michigan communities

  • Deep trade area with more than 295,000 residents within a five-mile radius

  • Supported by a large regional employment base, including GM’s Toledo Transmission (Powertrain) operations and the Stellantis (Chrysler) Toledo Assembly complex

  • Active redevelopment momentum, highlighted by Michaels’ 2024 opening in the former Dick’s Sporting Goods space, reflecting renewed investment in the Alexis/Lewis corridor 

 
David Tomlinson
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