SVN Summit Commercial Real Estate Advisors closed the sale of a two-building, multi-tenant investment property at 555–557 E. Tallmadge Ave. in Akron, Ohio. The asset sold for $2.65 million.
The transaction was led by Graydon Fox, Advisor at SVN Summit CRE, who represented the seller, and Jerry Fiume, SIOR, CCIM, Managing Director at SVN Summit CRE, who represented the buyer. The collaborative effort highlights how SVN advisors work as a true team to create value and deliver the best outcomes for clients on both sides of the table.
Situated in Akron’s North Hill industrial corridor, the property benefits from nearby access to State Route 8 and is well positioned for long-term growth and reinvestment.
This acquisition is more than a real estate transaction; it is a step toward reinvigorating a key corridor of Akron.
By maintaining FedEx’s presence and opening the door to new tenants or redevelopment, the property will continue to support jobs, provide tax revenue, and contribute to the city’s industrial and office ecosystem.
For the buyer, the site offers both stability and upside: long-term occupancy from a nationally recognized logistics tenant paired with the chance to reposition unused space to meet evolving community and business needs.
