In The News

Blog

Welcome to our blog! Our blog will give us the opportunity to share news, updates and success stories we have going on here at Goodman Real Estate. Thank you for visiting!

Middleburg Heights, Ohio: Retail Development Sparked by Goodman Real Estate Services Group

“The Middle of Everything” slogan perfectly describes the City of Middleburg Heights. With its proximity to Cuyahoga County’s most densely populated communities, Cleveland Hopkins International Airport, active Metroparks and Emerald Necklace greenway path, downtown Cleveland, the Cuyahoga County Fairgrounds, excellent hospital systems, and high-traffic interstate and highway systems, Middleburg Heights is an excellent base for all that Northeast Ohio has to offer.

Retailers are drawn to the City because it is situated along the busy I-71 corridor, just a few exits south of I-480, and is easily accessible from Berea, Strongsville, North Olmsted, Parma, and Brook Park. It boasts a strong daytime population with numerous businesses, 16,000 affluent residents, and Baldwin Wallace University Campus. Middleburg Heights has nurtured its strong economic base and market-friendly community, making it an exceptional environment for businesses, resulting in strong commercial growth. Over the past 25 years, Goodman Real Estate Services Group LLC has successfully completed seven new developments in the area and currently has six active listings in the City. 

18055 Bagley Road (2006) - Richard Edelman, Senior Vice President/Principal, at Goodman Real Estate Service Group LLC, represented a developer acquiring the property to construct a new two-tenant retail building for Chipotle and the first Caribou Coffee drive-thru in northeast Ohio. In 2013 Caribou rebranded all the Cleveland area stores to Peet’s Coffee, however subsequently closed the remaining locations at the end of 2014.  In 2015, Steve Altemare, Senior Vice President with Goodman Real Estate Services Group LLC, represented Starbucks' leasing of the drive-thru endcap and the building is currently 100% occupied.

Bagley Road Development (2018) - Dan Clark, Vice President and Manager, Columbus Office, at Goodman Real Estate Services Group LLC, represented a developer in acquiring a three-acre site to develop a Marriot Residence Inn and a 10,000 SF multi-tenant shopping center. Tenants include: The Great Greek Mediterranean Grill, Pulp Smoothie, Antonio’s Pizza, The Joint Chiropractic, Firehouse Subs, and Mooyah Burgers, Fries, & Shakes. The development is currently 100% occupied.

The Shops at Bagley (2020) - Robert Yaskanich, Senior Director, at Goodman Real Estate Services Group LLC, represented The Niki Group on the redevelopment of the former Damon’s Grill into a new 7,600 SF multi-tenant retail shopping center. Tenants include: IHOP, Jersey Mikes, and Tropical Smoothie.

Pearl Plaza (Opening 2023) - Zachary Sogoloff, Senior Vice President, at Goodman Real Estate Services Group LLC, represented a developer in acquiring a 100,000 SF older retail center at 6850 Pearl Road to build a 35,000 SF new multi-building retail development, now under construction. Tenants will include Chipotle, AT&T, Citizens Bank, and SVS Vision.

Pearl Crossings (Opening 2023) - Robert Yaskanich, Senior Director at Goodman Real Estate Services Group LLC, represented WXZ Development in the acquisition of a 3.85-acre site for retail redevelopment. Wet-Go, Starbucks, and McAlister’s Deli are all slated to open in this project in late 2023.

18000 Bagley Road (2023) - Steve Altemare, Senior Vice President at Goodman Real Estate Services Group LLC, represents a developer that acquired a former Burger King and a vacant parcel of land on Bagley Road in front of a closed Kmart. This development project consists of two pad sites. The former Burger King pad will be redeveloped as a two-tenant building with a planned opening later this year. The remaining 0.79 AC parcel is available for ground lease. The Cleveland Clinic and Premier Development Partners announced in September 2022 that the Cleveland Clinic Middleburg Heights Family Health Center will be built in the former Kmart location. 

Interchange Retail Site (2023) - The most recent development opportunities on Bagley Road include the 1.25-acre high-traffic interstate site and a 1.5-to-3.0 AC interchange gas station site, both handled by Zachary Sogoloff.

Goodman Real Estate Services Group has been thrilled to work in this area and looks forward to continuing to foster growth and support economic development in the City. For more information on available opportunities in Middleburg Heights, please visit our property page. 

 

 

Continue reading

New Employee Spotlight

Tristan Palmieri

Sales Associate

Tristan Palmieri joined the Cleveland office of Goodman Real Estate Services Group LLC in November 2022. He grew up in Shaker Heights, Ohio, and other eastern suburbs, attending and graduating from University School. In 2018, Tristan graduated from The University of Denver with a Bachelor of Science degree in Economics and a Property Development minor. Following graduation, Tristan stayed in Colorado accepting a job offer from ClearChoice Dental Implant Centers as Construction Project Manager, where he worked on new center build outs in California, Colorado, Florida, Indiana, Massachusetts, Missouri, and Ohio.  

Upon his return to Cleveland in 2020, Tristan joined his family’s business, Palmieri Builders, as a Residential Construction and Property Development Manager. At that time, he also obtained his Ohio real estate license. Tristan's education, combined with real life experience in retail construction management and residential land development, will help him thrive quickly in his new career. Today, Tristan is working alongside Zack Sogoloff, Senior Vice President; and Seth Marks, Senior Director, at Goodman Real Estate Services Group LLC, on landlord and tenant representation. Outside of the office, Tristan is passionate about scuba diving, skiing, the Cleveland Cavaliers, and spending time with family. 

 

Continue reading

The Shops at Emerald Acres Sports Connection

Opening in 2024, The Shops at Emerald Acres Sports Connection is the retail, restaurant, and hotel component of the 150-acre Emerald Acres Sports Connection development. The $60 million indoor and outdoor sports complex is projected to draw 580,000 visitors, generate $23.8 million in direct spending, and 59,000 hotel room nights sold on an annual basis. This is a next generation best-in-class youth and amateur sports experience for families and athletes of all ages. It will have a high-quality, program-driven design, including indoor basketball/volleyball courts, outdoor baseball/softball and multi-purpose turf fields, family entertainment, medical sector partnerships, food and beverage, and special events such as concerts, rodeos, and other sports and entertainment experiences. This exciting development is in the Central Illinois-Mattoon-Charleston Trade Area; and its proximity to Chicago, Indianapolis, and St. Louis and numerous micropolitan statistical areas will draw customers from up to 200 miles. Youth sports is a $45 billion industry and continues to be a reliable, recession-resistant driver of traffic and is forecasted to grow by 10-15% per year over the next five to seven years (Wintergreen Research). This project will be developed and managed by the Sports Facilities Companies Network (SFM Network). SFM Network is the youth and amateur sports industry leader in design, development, and facilities management. They manage the largest single network of sports tourism venues in the country. The Emerald Acres site will offer walkable access to retail, restaurant, and hotel amenities for players, families, and coaches. Ninety percent of the money in youth travel sports is spent outside of the walls of the venue, and customer analytics confirms that the youth sports tourism audience represents some of the wealthiest lifestyle segments in America today with strong buying power.

The Shops at Emerald Acres Sports Connection is a 127,956 square foot shopping center, which is 68% leased. There remains opportunity with 51,070 square feet still available.

 

PHASE II: Outlots - Seeking Hotels and Restaurants

Negotiations are underway on the outlots shown below north of The Shops at Emerald Acres Sports Connection with restaurants as well as tenants for a multi-tenant, small-shop building. Outlots remain available east of the shopping center and adjacent to The Emerald Acres Sports Connection indoor arena for additional restaurants and hotels.

 

Emerald Acres Sports Connection

 Indoor Fieldhouse: 8 basketball courts/16 volleyball courts, 66,560 SF

Outdoor Fields: 8 baseball/softball fields and 8 soccer/multi-purpose sports fields, 85.8 AC (including parking)

 

 

 

Continue reading

New Employee Spotlight

Joe Belinske joined the Columbus office of Goodman Real Estate Services Group LLC in June 2022. Joe graduated from The Ohio State University in 2022 with a Bachelor of Science in Business Administration and Finance Specialization. While in school, Joe worked at Belinske Development Company assisting with property management and leasing.

Since joining Goodman Real Estate Services Group, as Joe begins his career in commercial real estate, he has been working alongside Dan Clark, Vice President and Manager.

Samantha Goad is a Marketing Specialist at Goodman Real Estate Services Group LLC. Samantha originally began as a Marketing Intern at Goodman in June 2020, and she joined the team full time in July 2022 after graduating from John Carroll University with a Bachelor of Arts and Sciences degree in Communication, minors in Entrepreneurship and Italian, and an emphasis in Digital Media.

She primarily manages Goodman website content, crafting original content for blogs, email newsletters, and press releases. Samantha also works on designing brand-consistent marketing collateral, including brochures, literature, maps, and presentations, that support trade shows and the company’s overall marketing efforts. Using her target audience marketing and multimedia platform experience, Samantha works to promote the goals of the sales agents.

Continue reading

Books-A-Million Now Open at Akron’s Largest Power Center

Anchored by Giant Eagle, Dick’s Sporting Goods, Burlington, Marc’s, T.J.Maxx, Ross Dress for Less, Ollie’s Bargain Outlet, Ashley HomeStore, and BJ’s Wholesale Club, the bookstore chain has officially opened for business at The Plaza at Chapel Hill in Cuyahoga Falls. This center is located within one of the most densely populated suburban trade areas in northeast Ohio, with over 200,000 people residing within 5 miles. 

Books-A-Million occupies a 10,697 SF space between Game Stop and Ross Dress for Less. Zack Sogoloff, Senior Vice President; and Seth Marks, Senior Director at Goodman Real Estate, represented the landlord in this transaction. There are several opportunities still available at The Plaza at Chapel Hill. Please contact Zack Sogoloff or Seth Marks for more information.

Continue reading

What's Good at Goodman?

Stay up to date with us on all things
CRE by joining our email list