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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

Skoda 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

Global Industrial Firm 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

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

Broker Spotlight: Brian Smith

A penchant for business is what brought Brian into the commercial real estate industry. Upon graduation from Cleveland State University, he spent several years in industrial sales before receiving his first taste of entrepreneurism while managing multiple fitness clubs in the Northeast Ohio area and Florida. Not long after, he transitioned into the tanning business … Continued

RECon 2019: The Retail Revolution

Our retail team joined more than 30,000 people at this year’s International Council of Shopping Centers (ICSC) RECon 2019: the leading conference for the retail real estate industry that provides attendees the opportunity to connect with retailers, tech companies, and learn the latest trends from the industry’s top professionals. The news coming out of this … Continued

Broker Spotlight: Kevin Kelly

Establishing trusted, authentic relationships with his clients has always been a cornerstone of Kevin Kelly’s real estate career. He learned at a young age the value and power of these relationships while watching his father manage several properties throughout Northeast Ohio, and he knew he wanted to get into the industry. Kevin graduated from Miami … Continued

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

UNTUCKit to Open First Retail Location in Northeast Ohio

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

Broker 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

Produce 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

Cushman & 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

To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.