Ohio City and Tremont Featured in Cushman & Wakefield’s National “Cool Streets” 2019 Report
Read the Ohio City | Tremont Cool Streets Research Report Ohio City / Tremont is one of North America’s top 20 “Cool Streets”, according to global real estate company Cushman & Wakefield. The coveted spot in Cushman & Wakefield’s Cool Streets report earns the neighborhoods attention from the firm’s 51,000-plus real estate professionals and their … Continued
Read moreBuying and Selling Churches: Commercial Real Estate Tips
By: Alex Russo, Senior Vice President There are approximately 250,000 churches in the United States. Yet over the past two decades, the percentage of Americans who belong to a church, mosque or synagogue has declined, forcing these houses of worship to close their doors and be sold to new owners. According to CoStar, more than … Continued
Read moreGreater Cleveland Commercial Real Estate Trends
The summer season is winding down, and businesses are preparing to shift into the fourth quarter. One in three small business owners say that Q4 tends to be the most profitable—and also the busiest—time of year, especially those in the retail and restaurant industries. As we close out the summer season and roll into October, … Continued
Read moreHow Space Measurement Affects Total Occupancy Cost for Tenants
By: Bill Saltzman, CCIM, SIOR Executive Vice President | Director of Office Services One of the most important, but least understood aspects of leasing commercial space is understanding square footage – USF, RSF and GSF – and how it impacts total occupancy cost. Space measurement is a complicated process that requires persistent attention to detail … Continued
Read moreSweet Kiddles – Premier On-Demand Daycare
Cushman & Wakefield | CRESCO professionals David Leb and Connor Redman represented landlord Midwest Development Partners in securing University Circle’s first upscale daycare facility. Sweet Kiddles, a flexible daycare operation that provides unique solutions for busy parents, will occupy front retail space in the Centric building located on the corner of Circle Drive and Mayfield … Continued
Packaging company ePac plants its flag in Northeast Ohio
Cushman & Wakefield | CRESCO professional’s Bob Wetzel and George Pofok represented both parties in the leasing of an approximately 20,000-square-foot building at 30315 Bruce Industrial Parkway in Solon. By: Rachel Abbey McCafferty Northeast Ohio will soon be home to another manufacturing company. This one, ePac Flexible Packaging, aims to serve small businesses in the communities … Continued
Hospital buys former Drug Mart in Sandusky
Cushman & Wakefield | CRESCO professional Brian Smith represented the landlord in the sale of approximately 4 acres of property located at Columbus and Perkins Avenue in Sandusky, Ohio. Read the full article.
Global Manufacturer Expands to Euclid and Adds Over 100 Jobs
Cushman & Wakefield | CRESCO professional Robert Wetzel represented global manufacturer, Consolidates Precision Products (CPP), in the lease of a 145,000 square foot advanced manufacturing facility in Euclid, Ohio, bringing over 120 new manufacturing and engineering jobs to the city. CPP’s expansion to Euclid signifies a growing trend of industrial businesses choosing to move or … Continued
Mall Real Estate – The Future of America’s Malls
According to Coresight research, 5,994 stores have announced they will close their doors while 2,641 have announced openings as of April 2019. U.S. retailer store closures so far this year surpass the number of closures from last year: 5,684. With all of the mall closings in the U.S., it is easy to think that retail … Continued
Read moreSkoda Minotti Opening Downtown Cleveland Office
Cushman & Wakefield professional Jim Krivanek represented business advisory firm, Skoda Minotti, in its search for office space in downtown Cleveland. The firm plans to take approximately 10,000 square feet on the 8th floor of the Fifth/Third Center located at 600 Superior Avenue. Skoda Minotti’s new downtown office is expected to open in Fall 2019. … Continued
Nidec Industrial Solutions Makes History in Relocation to Brooklyn Heights, Ohio
Cushman & Wakefield | CRESCO professionals Simon Caplan,SIOR and Paul DiVincenzo represented global engineering firm, Nidec Industrial Solutions, in the purchase of approximately 9 acres of land located at the corner of Granger and Tuxedo Road in Brooklyn Heights, Ohio. The company was previously operating in 3 other locations, 2 in Independence and 1 in … Continued
Wholesale Giant Expands Headquarters in Sandusky Industrial Building
Cushman & Wakefield | CRESCO professional Brian Smith represented leading wholesale supplier K&K Interiors in the acquisition of the industrial building located at 4101 Venice Road in Sandusky, Ohio. Founded and headquartered in Sandusky, K&K is one of the country’s largest wholesale suppliers that specializes in fresh design and product innovation as well as award-winning … Continued
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