CORFAC News

Contact:
Denise Hahn
216-464-7100
dwh@wwmrealestate.com

Cleveland, OH (June 3, 2013) – Weber Wood Medinger/CORFAC International, a leading full-service commercial real estate provider serving the Northeast Ohio market, today announced the completion of a 17,883-square-foot office lease on behalf of building owner Sears Family Partnership at 23905 Mercantile, Beachwood, Ohio. 

Crestwood Management, LLC will occupy the entire office building, consisting of 17,883 square feet. Crestwood Management signed a 7-year lease for the building and has already taken occupancy of the property. Financial terms of the lease were not disclosed.
 
Jerry Medinger and Denise Hahn/Weber Wood Medinger/CORFAC International represented the landlord in the lease negotiations. 

“The quality of the building, flexible layout and long term availability satisfied Crestwood’s requirement,” said Denise Hahn. “The landlord and tenant worked to create a custom designed office space which would foster productivity for the growing tenant for years to come.”

The property is a well maintained one-story building which has housed single long-term tenants over the years. The existing configuration of the building allowed for some minor construction and mostly cosmetic construction improvements that were all that was needed to make the space suit the tenant perfectly, Hahn added.

About Weber Wood Medinger
Since 1968, Weber Wood Medinger (WWM) has provided an extensive range of real estate services to corporations and investors locally, nationally and internationally by working with a ‘best-in-class’ business model and partnering with the most qualified real estate professionals in multiple markets to represent its clientele. The Beachwood, OH-based company has represented more than 30 Cleveland-area companies in selecting headquarters facilities for their respective businesses and in a variety of methods, including lease, acquisition, build-to-suit development and ground-up construction. The firm’s principals have expertise in corporate consulting, strategic planning, tenant representation specializing in office, R&D and industrial properties, marketing, transaction analysis and landlord representation. For more information visit www.wwmrealestate.com or call 216.464.7100.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged over 9600 completed transactions annually totaling more than 513 million square feet worth an excess of $5.95 billion for their customers. For more information on the CORFAC network, contact 703.532.6160 or visit www.corfac.com.