Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
OhioIndustrial

Newmark Knight Frank leases 79,000 square feet in spec industrial facility in Ohio

March 23, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Newmark Knight Frank closed a 79,203-square-foot lease to Woodpeckers LLC at 14720 Foltz Industrial Parkway, a newly constructed speculative distribution facility in Strongsville, Ohio.

The company’s lease makes it the largest occupant of 14720 Foltz Industrial Parkway, a new 179,578-square-foot asset that delivered in the fourth quarter of 2020 as the second of a pair of speculative industrial buildings developed by Scannell at Mills Business Park.

Newmark vice chairman Terry Coyne represented the property’s owner/developer, Indianapolis-based Scannell Properties, in the lease transaction. Woodpeckers LLC was represented by Matthew Beesley of Cushman & Wakefield|CRESCO Real Estate.

The building features a 32-foot clear ceiling, EPDM membrane roof, ESFR fire protection system, heavy power, 45-foot by 45-foot column spacing, multiple docks and drive-in-doors, a 125-foot truck court and ample employee parking. Up to about 32,000 square feet remains available for lease.

Minutes from I-71 and the Ohio Turnpike (I-80), the property is located in Cleveland’s Southwest industrial submarket. According to Newmark Research, the submarket had the second-tightest vacancy in the market at the end of the fourth quarter of 2020 (3.4 percent) and the second-lowest inventory. The combination of low vacancy and lower inventory, along with other factors, underscores the demand for space in buildings such as 14720 Foltz Industrial Parkway.

Tags
Newmark Knight FrankStrongsville
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasOffice

Silver Star Properties announces new leasing activity in Dallas

March 28, 2023
IllinoisIndustrial

Greenstone Partners brokers Chicago MSA flex-industrial portfolio sale

March 28, 2023
IllinoisIndustrial

Industrial portfolio changes hands for $369 million

Mia GoulartMarch 28, 2023
KansasMissouriNet Lease

Hanley Investment Group brokers sale of 10 Valvoline locations in Kansas and Missouri

March 28, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com