Cleveland, Ohio Portfolio

Location Characteristics: Centrally located between Chicago, New York City & Toronto, the greater Cleveland area is within a day’s drive of 60% of all US Fortune 500 headquarters and nearly half of the US population. Additionally, the greater Cleveland area’s robust transportation infrastructure, offers immediate access to major interstates and international airports allowing tenants to reach their consumers with ease.

 

Market Insight: Demand in the greater Cleveland area, coupled with limited availability has pushed a 15% increase in asking rental rates over the last 3 years, which has largely been driven by e-commerce, manufacturing, and distribution companies.

Cleveland, Ohio Portfolio

Location Characteristics: Centrally located between Chicago, New York City & Toronto, the greater Cleveland area is within a day’s drive of 60% of all US Fortune 500 headquarters and nearly half of the US population. Additionally, the greater Cleveland area’s robust transportation infrastructure, offers immediate access to major interstates and international airports allowing tenants to reach their consumers with ease.

 

Market Insight: Demand in the greater Cleveland area, coupled with limited availability has pushed a 15% increase in asking rental rates over the last 3 years, which has largely been driven by e-commerce, manufacturing, and distribution companies.

30339 Diamond Parkway, Glenwillow, OH 44139

1 building comprising 400,184 square feet

Center Point Business Park

Location:Glenwillow, OH

Acquisition Date:9/17/18

# of Buildings:1

Purchase Price/SF:$67,47

Tenant:Multi-Tenant

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Salisbury Business Park

Portfolio Fit: 30339 Diamond is a Class-A cross-functional warehouse, located near two interstates, and is occupied by multiple tenants, including a manufacturer of automotive accessories. Additionally, it has increased Plymouth's presence in the Cleveland manufacturing market by 400,184 square feet.

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2100 International Parkway, Canton, OH 44720

1 building comprising 274,464 square feet

Center Point Business Park

City, Location:Canton, OH

Acquisition Date:11/24/20

# of Buildings:1

Purchase Price/SF:$60.12

Tenant:Single-Tenant

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Liberty Business Park

Portfolio Fit: As a result of the rapid growth of the Cleveland e-commerce industry, our single tenant building, 2100 International Parkway is currently occupied through 2032 by an e-commerce wholesale company that has strategically built their supply chains and operations around this opportunistic location.

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Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Cleveland 1200 Chester Industrial Parkway South 90,628 Warehouse/Light Manufacturing Multi-Tenant
Cleveland 1200 Chester Industrial Parkway North 207,160 Warehouse/Distribution Single-Tenant
Cleveland 1350 Moore Road 109,075 Warehouse/Distribution Multi-Tenant
Cleveland 31000 Viking Parkway Road 100,150 Small Bay Industrial Multi-Tenant
Cleveland 1755 Enterprise Parkway 255,570 Warehouse/Light Manufacturing Multi-Tenant
Cleveland 30339 Diamond Parkway 400,184 Warehouse/Distribution Multi-Tenant
Cleveland 4211 Shuffel Street NW 255,000 Warehouse/Light Manufacturing Single-Tenant
Cleveland 1366 Commerce Drive 216,000 Warehouse/Distribution Multi-Tenant
Cleveland 2100 International Parkway 274,464 Warehouse/Light Manufacturing Single-Tenant
Cleveland 14801 County Road 212 405,000 Warehouse/Distribution Single-Tenant
Cleveland 2210 International Parkway 350,000 Warehouse/Distribution Single-Tenant
Cleveland 3325 Gilchrist Road 188,846 Warehouse/Distribution Single-Tenant
Cleveland 3375 Gilchrist Road 255,000 Warehouse/Distribution Single-Tenant
Cleveland 3081 Gilchrist Road 129,931 Warehouse/Distribution Multi-Tenant
Cleveland 3111 Gilchrist Road 79,661 Warehouse/Distribution Single-Tenant
Cleveland 3425 Gilchrist Road 29,200 Warehouse/Distribution Multi-Tenant
Cleveland 3400 Gilchrist Road 335,521 Warehouse/Distribution Multi-Tenant
Cleveland 1120 West 130th Street 100,301 Warehouse/Distribution Single-Tenant