An Ohio-based firm recently bought a 6,000-square-foot retail building on South College Road for $3.35 million.

An outparcel of the Lowe's Home Improvement- and Sam’s Club-anchored University Centre, the space was formerly home to a Bennigan’s restaurant. The seller, WHC Realty Associates, redeveloped the building in 2006 as a build-to-suit for a Verizon Wireless store, according to an announcement Monday from Coldwell Banker Commercial Sun Coast Partners. The Verizon store has leased the building since then.

The buyer, GS University Centre Outparcel LP, is a firm associated with DDR Corp., a real estate investment trust that owns and manages more than 400 shopping centers, including University Centre, in 41 states and Puerto Rico, according to DDR's website.

“I think it was a good deal all the way around and indicative of stabilization coming back to the commercial real estate market in Wilmington,” said John Lennon, a broker and partner in Coldwell Banker Commercial Sun Coast Partners. “There’s a lot of demand for income-producing properties, and that is a very good one.”

The Verizon store at University Centre, 318 S. College Road, is a busy one, Lennon said.

“If you go in there any day of the week, it’s typically full of customers,” he said. 

Efforts to reach a DDR Corp. representative Monday and Tuesday were unsuccessful.