Cleveland
DealPoint Merrill Secures Financing for Cleveland Giant Eagle
The $6.6 million loan will be used for the redevelopment of the shopping center. DealPoint Merrill arranged the sale of the same property earlier this year.
Single-Tenant Retail Building Trades in Cleveland
The 7,489-square-foot property located at 3040 Fulton Road was leased to Dollar General at the time of transaction.
Cleveland’s Tower at Erieview Changes Hands
RAIT Financial Trust sold the fourth tallest building in the city to KRA Management. HFF represented the seller and procured the buyer.
OH Distribution Center Changes Hands for $40M
Broadstone Net Lease Inc. has acquired the roughly 211,000-square-foot facility, which recently underwent an expansion and is fully leased to a frozen, refrigerated and dry foods distributor.
Lee Harvard Shopping Center in Cleveland Trades for $13M
Arnold J. Eisenberg Inc. facilitated the sale of the 190,000-square-foot retail asset on behalf of the seller, Excelsior Capital Partners.
NHI Nabs Senior Housing Portfolio for $68M
The 320-unit Sunrise Portfolio includes six assisted living and memory care properties located in Ohio and Pennsylvania. Bickford Senior Living will lease the communities.
Cleveland-Cliffs Breaks Ground on $700M Toledo Plant
The facility is scheduled to start operation by the summer of 2020 and create 130 new jobs. Construction of the project, situated at the Ironville Terminal in the Port of Toledo, is expected to generate an additional 1,200 jobs.
Infinity Construction to Bring More Office to Cleveland Area
The development of two new buildings in Westlake, Ohio, is expected to add more than 100,000 square feet of Class A office space to the area’s inventory.
BGL Facilitates Sale of Cleveland Mixed-Use Property
The asset, which is anchored by the Department of Veterans Affairs, was sold to a CGA Real Estate Services affiliate.