Mentor, OH - Heisley Pointe Transformation - From Construction to Completion
December 10, 2020 ---- What once was a vacant discount bookstore on the corner of Heisley Road and Mentor Avenue, is now a beautiful, newly redeveloped, multi-tenant pad building with large modern facades and a new street-side monument sign. Heisley Pointe is now home to Starbucks, Beyond Juicery + Eatery, Penn Station East Coast Subs, and many other retailers.
Rick Ferris, owner of Heisley Pointe shopping center, reached out to Zack Sogoloff, Senior Vice President, and Seth Marks, Senior Associate at Goodman Real Estate Services Group, to discuss ideas and potential values for his center. Zack and Seth’s first move was to replace the defaulting Ruku’s restaurant with a concept that would bring different customers to the center. The duo found a modern, healthy, meal-prep restaurant, Clean Eatz, to lease the 2,400 SF space. Clean Eatz offers meal plans, catering, and dine-in options and acts as the hub for a healthy lifestyle in the community.
Heisley Pointe is comprised of two buildings, a large 24,000 SF multi-tenant building with various local businesses that faces Heisley Road, and an 8,000 SF pad building. The intersection is shared with Walmart, Walgreens, and Speedway. Retail anchors, Meijer, Lowes, Target, and Kohl’s, are all within a one-mile radius.
Zack and Seth then prepared the owner to invest in a massive redevelopment of the 8,000 SF bookstore pad building. The redevelopment resulted in an 8,000 SF multi-tenant space facing Mentor Avenue.
After Clean Eatz joined Heisley Pointe, the property became of high-interest to national restaurants. Starbucks and Penn Station signed leases to occupy two of the four spaces in the redeveloped building. The existing My Kids Childcare expanded its space to 4,800 SF, and American Shaman and Sequoia Realty joined the main building at the center.
Zack and Seth's plan to convert the former bookstore pad into a modern, multi-tenant building enabled the landlord to raise the potential value of the pad building from under $800,000 to over $3,750,000. In addition to creating this value, Zack and Seth stabilized the main center, added new tenants, and helped the owner position its asset for sale.
There is only one 2,100 SF space remaining in the newly redeveloped pad building. Please contact Zack Sogoloff or Seth Marks for additional information on this property.