Kevin Kelly Awarded Industrial Broker of the Year at NAIOP Awards of Excellence
Cushman & Wakefield | CRESCO professional Kevin Kelly received the 2018 Industrial Broker of the Year Award at the NAIOP Northern Ohio’s annual Awards of Excellence ceremony. The event recognizes the best projects, real estate transactions, and individual performances during the previous year within the industry. 2018 was a highlight among Kelly’s 32 year career, … Continued
Read moreUNTUCKit Opens in Pinecrest — Retailer’s First Northeast Ohio Location
Cushman & Wakefield | CRESCO’s Shawn Fortner represented casual men’s apparel company, UNTUCKit, in the search for their first Northeast Ohio location. After an extensive exploration, the company chose Pinecrest as their destination, with an opening date slated for later this Summer. Founded in 2011, the New York based company has been rapidly expanding over … Continued
Read moreProduce Packaging Move to Willoughby Hills Brings 300 New Jobs
Cushman & Wakefield | CRESCO’s Eliot Kijewski represented the seller in the transaction located at the former Sam’s Club in Willoughby Hills. Produce Packaging plans to relocate from their former headquarters in Cleveland to the new Chardon Road location, taking over 150,000 square feet of space, and adding approximately 300 new jobs to the business. … Continued
Read moreCushman & Wakefield | CRESCO Assists in Purchase by NY Investment Firm
Cushman & Wakefield | CRESCO brokers Rico Pietro and Jim Krivanek represented New York-based Somera Road Inc. in their search for a value-add investment in Cleveland. After significant consideration, Somera Road acquired the former Ohio Means Jobs Headquarters located at 1020 Bolivar Road in downtown Cleveland and plans to transform the historic office building into … Continued
Read moreVan Aken District: Cushman & Wakefield | CRESCO to Lead Retail Leasing
The owners and operators of the Van Aken District, RMS Development Corporation, selected Cushman & Wakefield | CRESCO to represent the retail listings at the Shaker Heights mixed use development. The Van Aken District and adjacent Shaker Plaza, combine to be a brand new downtown for Shaker Heights, located at the corner of Warrensville Center … Continued
Stark Enterprises Selects Cushman & Wakefield | CRESCO as Office Leasing Partner for nuCLEus
Stark Enterprises has selected Cushman & Wakefield | CRESCO to broker office leasing for their downtown nuCLEus project. The two Cleveland-based companies agreed to terms this week, bringing together highly-skilled and experienced commercial real estate professionals from both sides to serve as partners on this project. With a strong track record of brokering new developments … Continued
Outside Investors Find Hidden Value in Cleveland Markets
The grand opening of Pinecrest in June 2018 marked an explosion of new retail, office & residential opportunities for Northeast Ohio. The $230 million development continues to announce unique entertainment and retail features not offered anywhere else in the area. On the surface, the development is an exciting new experience that has never been seen … Continued
Cushman & Wakefield | CRESCO assists NY Developer Somera Road, Inc. in Purchase & Reposition of Royalton Collection to Attract Office HQ & Boost Retail in Strongsville
Cushman & Wakefield | CRESCO Rico Pietro and Jim Krivanek represented seller client, New York development firm, Somera Road, Inc., in the recent purchase of the Royalton Collection office space by Foundation Software, Inc. For Somera Road, this brings their Royalton Collection – a mixed use development comprised of four additional single-story retail buildings in … Continued
Read moreReal Estate Forum’s Women of Influence: Marla Maloney
This year marks the 25th anniversary of Real Estate Forum’s Women of Influence issue, recognizing 50 women who have significantly impacted commercial real estate with their exceptional transaction volume, strong impact on their company’s overall success, or contributions to the industry at large. In our #cwWomenAtWork blog series, we profile our four winners honored as Women of … Continued
How Creativity and Collaboration Turn Change into Opportunity
We all know the big box retail landscape is changing. Traditional anchor store malls are quickly becoming a thing of the past. In fact, regional mall vacancy rates were at their highest in the first quarter of this year since 2012. It’s not just in-line stores that are downsizing either — it’s anchor stores, too. … Continued
CUSHMAN & WAKEFIELD | CRESCO Closes On Topgolf. Scores Deal For Independence, Regional Attraction
CLEVELAND (October 11, 2018) – Simon Caplan of Cushman & Wakefield | CRESCO represented the seller of the high profile 16-acre site located at the interchange of I-77 and I-480 in Independence, Ohio to deliver Topgolf’s already-announced Cleveland-area location. “This is among the most coveted land assets in the region. We needed to make sure we … Continued
More Ominous Signs for LBO-Debt Addled Retailers
News broke that Claire’s unsecured creditors were lining up in opposition to the retail chain’s proposed restructuring. As you may well know, the accessories chain filed for Chapter 11 bankruptcy protection a few months back. It was the latest in a series of retail failures due to leveraged buyout (LBO) related debt. The practice, in which buyers … Continued
