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Akron Group Buys Mercedes-Benz Dealership for $1M

Portfolio Includes Land, 2 Retail Bldgs.
By Holly E. Polivka
September 11, 2012 | 12:55 P.M.

TEC Properties Inc., an Akron, OH-based commercial investment and management firm, acquired one lot and two properties in Cleveland from Mercedes-Benz of North Olmsted for $1 million. The two retail properties, both car dealerships, were built in 1971 and are at 5715 and 5735 Darrow Road. The 1.01 acres included in the portfolio is on Barlow Road, north of Terex Road. The new owner plans to continue to use the properties as an auto dealership.

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