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 moreBroker Spotlight: Robert Wetzel
Real estate has been a passion of Robert’s for most of his life. His family owned a local excavation company, which he joined after graduating from Cleveland State University with a BA in Business and a focus in Management and Labor Relations. He eventually took over the business and expanded its services to include land … 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
Broker Spotlight: David Leb
A passion for people, places and problem solving has been an undercurrent throughout much of David’s professional life, but it was the igniting of an intrinsic sales gene that catapulted him into commercial real estate. During his undergraduate studies at Ohio State University where he earned a Bachelors degree in Geography and History, his original … Continued
Philips Healthcare – The Offices at Pinecrest
Philips Healthcare, a global healthcare industry leader, was looking to relocate its regional headquarters and research and development (R&D) team from its 40+ acre Highland Heights headquarters, which it has owned for decades. The assignment was made more challenging by the seemingly impossible deadline of 6 months from engagement to lease execution. Philips had … Continued
Broker Spotlight: Shawn Fortner
Shawn Fortner recognizes that constant learning makes for a great broker. A young professional and native Clevelander, she seeks out organizations and mentors to sharpen her knowledge base to be the best broker she can for her clients. Having worked in commercial real estate since graduating from The Ohio State University with a BSBA in Real … 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
Q4 2018 Cleveland Office MarketBeat Report Now Available
Fourth quarter 2018 was another strong quarter for commercial real estate in the office market across northeast Ohio, with vacancy rates dropping to 8.2% and asking rates jumping up an average of $17.66 per square foot (psf) gross. Rental rates in both the CBD and the suburban markets continue to climb at a modest pace, … Continued
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