APRIL 2021 – NORTHEAST OHIO The Coyne Report: Monthly Review

APRIL 2021 ? NORTHEAST OHIO

The Coyne Report: Monthly Review

YOUR MARKET'S TOP DEALS OF THE MONTH

Even in the time of COVID-19, the Northeast Ohio market moves fast - faster than our weekly report can keep up with. Within this document you will find the largest completed deals in the market from the past month.

APRIL, 2021

Your Monthly Market Snapshot

# of Listings Total SF

# of Listings Total SF

Industrial Properties

New Leases Closed Leases Net Change

35

20

944,019

657,298

-286,721

New Sales Closed Sales Net Change

18

13

865,134

355,452

-509,682

# of Listings Total SF

# of Listings Total SF

Office Properties

New Leases Closed Leases Net Change

25

9

516,003

75,435

-440,568

New Sales Closed Sales Net Change

20

11

387,997

207,149

-180,848

2

ENDING APRIL, 2021

April Sale Highlights

ADDRESS

PROP. TYPE SALE PRICE PRICE / SF PROP. SF SALE TYPE

BUYER

SELLER

LISTING BROKERAGE

23550 Commerce Rd., Beachwood

Flex

$2,700,000 $23.42 115,308 Investment

ICP LLC

City of Beachwood

Cushman & Wakefield

6085-6095 Parkland Blvd., Mayfield Heights

Office

$16,500,000

Realife Real Estate

$96.66 170,705 Investment

Group

Founders Properties, LLC

Newmark

4700 Spring Rd., Brooklyn Heights

Industrial

N/A

55,062 Investment

N/A

Titan Realty Group LLC

Cushman & Wakefield

4711 E 355th St.,

TARGET AURORA

Miconvi Properties

Willoughby

Industrial $2,500,000 $62.17 40,210 Investment

LLC

LLC

N/A

2324 Lakeside Ave., Cleveland

Industrial $585,000

Keyhole Lakeside

$23.40 25,000 Owner User

Property

H Jadran, LLC

Keller Williams Elevate

2662 E 69th St., Cleveland

Industrial $100,000

$ 4.15 24,095 Investment

Kev In Cle LLC

Rosenbaum & Assocsiates Cpa

Hanna Commercial Real Estate

13913 W Parkway., Cleveland

Industrial $680,000

$28.33 24,000 Owner User CLEparkway, LLC

H & H Pretzel, Inc.

NAI Pleasant Valley

6830 Cochran Rd., Solon

Office

$1,300,000 $77.27 16,825 Owner User

BBT Solon Inc.

MGAC Property

Avison Young

2265 E. Enterprise Pky., Twinsburg

Flex

$715,050

$43.81 16,320 Investment Kreit REO Holdings

Chris Taylor

Avison Young

7900 Empire Pky., Macedonia

Industrial $750,000

Atlantic Emergency

$55.15 13,600 Owner User

Solution

Rbs Properties

Cushman & Wakefield

6345 Carnegie St., Mentor

Industrial $550,000

$55.74 9,868 Owner User Lucille Properties

LJO Holdings LLC

Gatto Group Inc

ENDING APRIL, 2021

April Lease Highlights

ADDRESS

PROP. TYPE LEASE TYPE SF LEASED

OWNER

LISTING BROKER

6880 Lake Abram Dr., Middleburg Heights

Industrial Direct

41855 N. Ridge Rd., Elyria

Industrial Direct

4700 Spring Rd., Brooklyn Heights

Industrial Direct

1 American Rd., Brooklyn

Industrial Direct

799 E. 73rd St, Cleveland

Industrial Direct

3650 E. 93rd St., Cleveland

Industrial Direct

10111 Sweet Valley Dr., Valley View

Industrial

Direct

26451 Curtiss Wright

Pkwy., Richmond Heights

Flex

Direct

71,305

54 Chevy Lake Abram LLC

Abram Schwarz

57,263

CCD Building Management

55,062

The Cleveland Marble Mosaic Company

Robert Garber

29,370

Industrial Realty Group

Austin Semarjian

36,923

First Interstate Properties

Eliot Kijewski

26,000

Wirebids LLC

Conor Toomey

24,000

Boyas Excavating, Inc.

Fred W. Christie

23,000

Karimi & Associates

Michael Gatto

3755 Colorado Ave., Sheffield Village

540 S. Main St., Akron

3024 Brecksville Rd., Richfield

Industrial Sublease 20,414

Industrial Direct

18,073

Industrial Direct

17,500

Shaw Trucking & Excavating Covington Group, Inc

Seabreeze North Corporation

Michael Petrigan Bill Stevens David Lane

LISTING BROKERAGE Lee & Associates

Cushman & Wakefield ICP LLC

Cushman & Wakefield

Cushman & Wakefield Gatto Group CBRE

Colliers International Burr & Temkin

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