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Cleveland/Northern Ohio
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The Niki Group Acquires 64,000-SF Shopping Center Near Cleveland
The 64,350-square-foot Yorktown Plaza shopping center at 6333-6339 Olde York Rd. in Parma Heights, OH San Diego-based The Niki Group, a boutique investment company, purchased a 64,350-square-foot shopping center in Parma Heights, OH from Carnegie Cos...

Westminster Capital Developing 434,000-SF Industrial Project in Glenwillow
Construction is underway on Victory Commerce Center, a new 434,000-square-foot warehouse/distribution building in Glenwillow, Ohio. Chicago-based Westminster Capital is developing the 30-acre complex located at 43500 Victory Parkway in the Diamond...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Toledo’s Industrial Market Making Waves
Aerial of the 740,000-square-foot Campbell’s Soup distribution center in Findlay, OH. The project is slated to deliver by the beginning of the third quarter of 2018. With Toledo’s location near the Michigan state line, multiple interstates and port...

First Solar Acquires 110 Acres for New Solar Module Manufacturing Facility
First Solar’s existing flagship plant at 28101 Cedar Park Blvd. in Perrysburg, OH First Solar, a provider of comprehensive photovoltaic (PV) solar systems, purchased 110 acres on State Route 795 in Walbridge, OH from The Rudolph Libbe Cos. for $3.72...

Halstead Contractors Pays $5.2M for CVS Portfolio Near Cleveland
The 10,640-square-foot CVS drugstore at 600 W. Maple St. in Hartville, OH Montgomery, AL-based Halstead Contractors purchased two retail buildings near Cleveland, OH totaling 19,815 square feet from Inland Real Estate Investment Corp. The two CVS...

Cell-O-Core Takes 75,000 SF in Seville
The 75,000-square-foot warehouse at 5160 Greenwich Rd. in Seville, OH Cell-O-Core, a plastics fabrication company for the food and beverage industry, signed a 75,000-square-foot lease at STAG Industrial’s single-tenant warehouse in Seville, OH. The...

Millennia Housing Management Pays $40M for Near-Vacant 925 Euclid Bldg.
The 1.43 million-square-foot 925 Euclid building in Cleveland Millennia Housing Management, a local full-service investment firm, purchased a 1.43 million-square-foot high-rise office building in Cleveland from Hudson Holdings. 925 Euclid, formerly...

New US Housing Index Underscores Long-Term Demand for Multifamily
If a study by professors at two Florida universities is any indication, demand for multifamily housing should hold steady for the foreseeable future. In certain markets, consumers who rent and reinvest the potential savings [versus mortgage payments...

Wolstein Group Secures $93M Financing for Flats at East Bank
The Class A, 231-unit Flats at East Bank apartment building at 1055 Old River Rd. in Cleveland Bellwether Enterprise Real Estate Capital arranged a $93 million refinancing loan for Flats at East Bank, a 241-unit luxury multifamily building in Cleveland...

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