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. 

 

 

The Deconstructed Hair Salon
New Employee Spotlight
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
January 27, 2023

Are you a Robot?

What's Good at Goodman?

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