Jamie Fink |
The HFF team represented the seller and procured
the buyer, KRA Management.
The Galleria and Tower at Erieview is located at
1301 East Ninth Street in the heart of Cleveland’s central business
district.
This “Main and Main” location places the
property within walking distance of all downtown amenities and attractions,
including Playhouse Square, the Warehouse District, The Flats, Public Square
and Gateway.
Additionally, the asset’s location along the primary avenue in
Cleveland’s Financial District provides it with superior connectivity to
Interstates 90, 71 and 77, and easy access to Cleveland Hopkins International
Airport.
Bryan Rosenberg |
The retail portion of the complex is a
glass-enclosed, two-story urban retail center that offers a mix of retail
stores as well as a food hall.
The HFF investment advisory team representing
the seller included directors Bryan Rosenberg and Patrick Shields, and
senior managing directors Jaime Fink, Jeffrey Bramson, John Merrill and Doug
Rodio.
Patrick Shields |
KRA Management is a family owned and operated
real estate development and property management business that was founded by James
Kassouf in 1972.
The Kassouf family owns over 20 acres of real
estate in Downtown Cleveland, a chain of gas stations, approximately 1.33
million square feet of retail, and multiple office buildings in Downtown
Cleveland.
Metro Parking System’s, an affiliate of KRA, has
been an industry leader since 1972. Through its history, Metro Parking
Systems has operated more than 51 parking lots and garages with over 12,000
parking spaces across 4 states.
KRISTEN MURPHY
HFF Director,
Public Relations
(617) 338-0990
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