Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the $31.55 million sale of Pavilion Shopping Center located at 24055 Chagrin Boulevard in Beachwood, Ohio.
The Pavilion Shopping Center is the second-largest retail plaza transaction in the state this year. Executive VP Ben Snyder, Associate VP Zachary Bates and Market Leader Matthew Wallace represented the seller in the transaction.
The shopping center is on 17 acres of land with 207,000 square feet of leasable area and is 100 percent occupied by 19 tenants. Current tenants include Giant Eagle, Ross Dress for Less, Big Lots, and Michaels.
“Marquee Capital purchased the shopping center as they begin to focus on acquiring high-quality open-air shopping centers at attractive risk-adjusted returns,” said Snyder. “Matthews has had a long-term relationship with the seller who was looking to exit the market.”
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CREMatthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the $31.55 million sale of Pavilion Shopping Center located at 24055 Chagrin Boulevard in Beachwood, Ohio. The Pavilion Shopping Center is the second-largest retail plaza transaction in the state this year. Executive VP Ben Snyder, Associate VP Zachary Bates and …
The post Matthews Completes Record-Breaking $31.5M Sale of OH Shopping Center appeared first on Connect CRE.