Dollar Bank

Dollar Bank

1301 East 9th Street
Cleveland, Ohio 44114

PROJECT OVERVIEW

Cushman & Wakefield | CRESCO Real Estate was selected for Dollar Bank dispositions of REO properties in the Northeastern Ohio area.

THE CHALLENGE

The REO properties included office buildings, industrial buildings and retail centers. Some of the buildings were in challenging areas, and most of the time little or no information was available on these properties. We needed to put together a diverse marketing strategy that allowed us to quickly sell the REO properties at a price that allowed Dollar Bank to recover all or most of its investments, if possible.

THE SOLUTION

CRESCO Real Estate created a simple offering package and sent the information out to as many known local buyers as quickly as possible with as much detail we gathered in our research.

RESULTS ACHIEVED

Since 2009, CRESCO Real Estate has been successful in disposing of eleven (11) properties for Dollar Bank including three (3) retail properties, five (5) office buildings, three (3) industrial properties and a half built church property sold as vacant land.

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