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National Realty Partners Adds 190,000-SF Shopping Center to Portfolio

Lee-Harvard Plaza in Cleveland Trades at $12.8 Million
May 14, 2018
The 190,036-square-foot Lee-Harvard Plaza at 4071 Lee Rd. in Cleveland

Aberdeen, NJ-based First National Realty Partners purchased a 190,036-square-foot shopping center in Cleveland from Excelsior Capital Partners. Lee-Harvard Plaza sold for $12.8 million, or about $67 per square foot.

Built in 1949 at 4071 Lee Rd. and renovated in 2000, the single-story structure is 96 percent leased. Major tenants at the Class B center include Dave’s Markets, Family Dollar, Fifth Third Bank and Walgreens.

First National Realty Partners, a private equity firm, currently manages more than 1 million square feet of retail, office, industrial and multifamily properties, according to its website.

Lisa Wiener and Steve Eisenberg with Arnold J. Eisenberg, Inc. represented the seller

Please refer to CoStar COMPS #4256697 for additional information regarding this transaction.

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