Chris Snyder — planning and zoning director for Miami Twp., where the existing Kroger store is located — said Tuesday the shopping-center purchase is “a positive sign that Kroger is willing to invest in the area,” and said such an investment would ultimately benefit both Moraine and Miami Twp.
The Alex Bell Plaza is appraised for property-tax purposes at $2.8 million, according to Montgomery County property records. It was purchased by PDQ Bell Plaza Ltd. in April 2008, before the recession, for $6.2 million, and sold to Kroger Limited Partnership on Friday for $2.325 million. When it first went on the market for sale in early 2013, the asking price was $5.8 million.
The shopping center includes a Family Dollar, Dollar General and Rent-A-Center.