CBRE Tapped to Sell Former Sears Stores in OH
- Nov 08, 2018
CBRE is listing to sale two former Sears properties in northeast Ohio totaling roughly 35 acres. Both sites feature department stores with freestanding automotive service centers and parking, and both are located within shopping centers. One asset is in Mentor at the Great Lakes Mall and the other in Middleburg Heights at Southland Shopping Center.
The former Sears in Mentor is located at 7875 Johnnycake Ridge Road, east of Cleveland and along the north coast of Lake Erie. The 20-acre site features a three-story, 208,712-square-foot retail building and a free-standing two-story 19,771-square-foot auto center. The former department store, which closed in 2017, was an anchor tenant for the Great Lakes Mall, which has around 150 stores and a number of restaurants.
The asset in Middleburg Heights’ modernized Southland Shopping Center is located at 6950 W. 130th St. The 14.93-acre site features a 350,000 square-foot retail building and a two-story building which includes a 70,066 square-foot auto center.
CBRE’s Joseph Khouri, first vice president, and Kevin Moss, senior associate, are the exclusive listing agents.
Image courtesy of CBRE