Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

The Foreclosure Expert Gideon Gratsiani & CRE-Pro, LLC Acquires Shopping Center located in Cleveland, Ohio

gbafNews28

CLEVELAND, Oct. 30, 2021 /PRNewswire-PRWeb/ — Gideon Gratsiani The Foreclosure and Auction expert at CRE-Pro, LLC, a diversified private equity firm based in Miami, has announced that a subsidiary has acquired Glenville Towne Center. A neighborhood shopping center built in 2000 that is anchored by creditworthy tenants Oak Street Health, Huntington Bank, Citi Trends and DLTR Villa. The asset is located in Cuyahoga County, Ohio, in the densely-populated submarket of Glenville. The property boasts over 200,000 people living within three miles of the site.

Additionally, Glenville Towne Center is one of the only shopping centers serving this population, which will help to ensure that occupancy remains stable. The official announcement was made by the foreclosure and auction expert Gideon Gratsiani, CRE-Pro, LLC's Founder.

Mr. Gideon Gratsiani, the Foreclosure and Auction expert, cited the fantastic population density combined with one of the most under-served major markets for retail in the country as compelling reasons for the purchase. Mr. Gideon Gratsiani, the Foreclosure and Auction expert said “This is our second retail asset in the city of Cleveland, and they have one common denominator: Shaker Heights and Glenville are both great submarkets for retail real estate ownership.”

The partnership plans light upgrades to the shopping center that will enhance the curb appeal, such as refreshing the landscaping regiment and installing new awnings. Additionally, they will aggressively market the one vacant suite. “Coming out of the pandemic, second-generation restaurant space is in high demand. We anticipate having a new tenant signed up shortly,” said Nicholas Perrone, Vice President of Investments for CRE-Pro, LLC.

CRE-Pro, LLC would like to extend their appreciation to the seller, Hakimi Capital Group, Steve Koutsantonis of Cedar Williams for brokering the transaction, Tracy Ols of Hanna Commercial Real Estate for property management and leasing services, and Michael Duval of Franklin Savings Bank for lending on the project.

About CRE-Pro, LLC

CRE-Pro, LLC is a nationally-focused, diversified private equity real estate firm specializing in acquiring quality real estate at discounts to their market value. Combined, the Partners have over 40 years of experience in the real estate industry, spanning across all facets of commercial and residential real estate ownership and management.

Hanna Commercial Real Estate

Hanna Commercial Real Estate is a full-service commercial real estate firm in every sense of the word. They offer a complete spectrum of services to deliver whatever your real estate needs may be. Their services range from auctions to property management to renegotiating a lease or marketing a portfolio of investment-grade multifamily housing.

For more information, contact Nicholas Perrone at nickp@cre-pro.com.

Media Contact

Gideon Gratsiani, Gideon Gratsiaini, +1 800-917-7102, info@gideongratsiani.com

 

SOURCE Gideon Gratsiaini

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.