A high-end office building and a speculative industrial warehouse promise to add new rental options to a market historically created for heavy-duty user-owned properties in the office and industrial markets.
Privately held Interstate-McBee is taking steps to move from Cleveland's East Side to a new corporate headquarters and warehouse in Oakwood Village. Documents filed with the village by the company said it will continue to operate two factories near the East 49th Street and Lakeside Avenue area of Cleveland.
Big retail properties account for four of the top 10 deals on the Crain's list of the largest local commercial property sales of 2021. Big office sales, however, nearly disappeared from the list entirely.
Premier Development Partners of Cleveland has sold 12 of its industrial properties in the southeast suburbs to a Miami-based real estate firm that's starting to assemble a $1 billion portfolio of warehouse, manufacturing and distribution center properties in the Midwest.
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