NAI Daus recently secured a buyer for King James Building 2, a 68,000 sf property located at 24650 Center Ridge Road in Westlake, Ohio. Alec Pacella, CCIM, Senior Vice President of NAI Daus, represented the buyer, Select Real Estate Opportunities (SREO), in this transaction while Colliers Ostendorf-Morris represented the seller, Wells Fargo Bank.  According to Pacella, “SREO brings new focus and energy to the property and we are already in discussion with several companies considering a move to the building. …

This month Alec Pacella, CCIM, Sr. Vice President of NAI Daus talks about an investor valuing a property, spending countless hours pouring over all of the leases, challenging all of the expenses, examining the condition of the structure and verifying current market conditions.  With little thought given to an exit strategy and the value of the property at the point in the future when the investor plans to sell the property.  Read more from his article in Properties Magazine…

NAI Daus secured Big Brother Big Sister of Northeast Ohio in a 5,482 square feet office lease in the Prospect Park Building, located at 4614 Prospect Avenue, Cleveland, Ohio. The approximately 15 member staff provides mentors to children in Lake, Geauga and Ashtabula counties, and serves over 500 children and youth through traditional match programs, and a fast growing after-school program. Big Brother Big Sister of Northeast Ohio will move from The Hanna Building on East 14th Street to 4614…

Ira Krumholz, President of BPS Mgmt., Inc, the property management division of NAI Daus, has been elected Chair of the NAI Global Asset Services Council.   Krumholz, one of the founding members of the council, received this position at the NAI Global Asset Services Council spring meeting, which was held in Cleveland, Ohio.  The council is comprised of 40+ NAI Global property management offices around the United States managing over 200,000,000 million square feet of commercial real estate.  The council provides…

NAI Daus’ Managing Partner, Robert Brehmer was interviewed by Dan Rafter, of Midwest Real Estate News on how the Cleveland commercial real estate market is surviving. “We’ve decided at our firm to be beneficiaries of change,” Brehmer said. “We can wallow in the market’s problems. But that won’t do us any good. Many of our clients are going through some very tough times right now. We are doing what we can to help them. The real estate business is ever…

Robert K. Brehmer, Managing Partner and Lisa Trevino, Sales Associate with NAI Daus relocated Concurrent Computer Corp. to the Arbor Court Building located at 30775 Bainbridge Road, Solon, Ohio.  Concurrent Computer Corp. already located in Solon, moved to Bainbridge Road for a better office lay-out, providing a more efficient workflow.  Kevin Riley of Colliers represented the landlord in this transaction.    Contact NAI Daus: 216 831 3310Robert Brehmer, [email protected] Trevino, [email protected]

NAI Daus completed a 3,200 square-foot lease to Dobb Appliances.  Dobb Appliances will occupy the retail/warehouse space located at 2622 St. Clair Avenue in Cleveland, Ohio.  Westley Sabroff, Sales Associate and Scott Garson, CCIM, Sr. Vice President of NAI Daus represented the landlord, VF Holdings Ltd., while the tenant Dobb Appliances was self represented in this transaction. Contact:Westley Sabroff, Sales Associate | [email protected] | 216 455 0919Scott Garson, CCIM, Sr. Vice President | [email protected] | 216 455 0935

NAI Daus exclusively represented Huntington Learning Center in securing a new location in Erie Commons Shopping Center, 8000 Plaza Blvd., Mentor, Ohio. Huntington Learning Center, which provides children with tutoring and supplemental instruction in reading, writing, mathematics, study skills, phonics and much more, recently opened in early June. Erie Commons Shopping Center is anchored by Giant Eagle and is located across from Great Lakes Mall which brings a regional draw for households in the area. “We will continue to exclusively…

NAI Daus’ Robert Wetzel, Broker Associate, recently completed two office/warehouse leases in Northeast Ohio.      RFI Americas recently signed a lease to occupy 9239 Ravenna Road in Twinsburg, Ohio.  They chose the 1,800 square-feet of office/warehouse space in Point East Condominiums for their distribution of wireless infrastructures.  Robert Wetzel of NAI Daus was the lead in this transaction.   In another transaction, Robert Wetzel of NAI Daus represented the landlord, Franchar Inc. in a 7,500 square-foot lease located at…

NAI Global talked to other NAI brokers in the Gulf Coast region as to how commercial real estate may or may not take a hit because of the BP oil spill.  Karl Landreneau, CCIM, and Director of Sales and Leasing at NAI Latter & Blum, says, “Right now, people are taking space because they’re down here trying to work on the situation.  Read more…