STEUBENVILLE — The Tri-State Plaza has a owner. 

Anchored by Rural King and Ollie’s Bargain Basement, the 215,360-square-foot plaza at 265 Mall Drive was purchased from PICOA Inc. of Los Angeles for $14 million by a private investor in Brooklyn, N.Y., according to Tony Sekulovski, president of the New Albany-based Sekulovski Group, who brokered the deal. 

All but 5,500 square feet of the plaza is leased  

Ollie’s became a tenant in 2006 and leases nearly 43,600 square feet, while Rural King, which joined the center in 2016 in space formerly occupied by Kmart, leases 104,230 square feet. 

The center is the second of three PICOA properties the investor has directed Sekulovski to sell. 

Earlier this year the Hobby Lobby-anchored Sawmill Plaza property in the Columbus suburb of Dublin sold for $27.4 million. The brokerage also has the Marc’s grocery-anchored Stow Workman Plaza near Akron and Kent. 

The Steubenville property has the advantage of having the Fort Steuben Mall next door as well as Wal-Mart and Lowe’s as shadow anchors nearby, Sekulovski explained. 

The retail property’s third-largest tenant, Planet Fitness at 20,365 square feet, joined the center’s roster in 2014 while the 17,000 square-foot Dollar Tree has done business there since 2003. 

The 18.7-acre center, built in 1991, also has had Kay Jewelers – formerly a mall tenant – as an outlot tenant since 2019. 

An additional outlot development opportunity along with the vacant in-line opportunity is available, Sekulovski said.  

“Sekulovski Group will continue marketing these spaces,” Sekulovski said.