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Quarterly Industrial Market Reports

Q4 2018 National Industrial Market Report
Q4 2018 Cleveland Industrial Market Report
Q3 2018 National Industrial Market Report
Q3 2018 Cleveland Industrial Market Report
Q2 2018 National Industrial Market Report
Q2 2018 Cleveland Industrial Market Report
Q1 2018 National Industrial Market Report
Q1 2018 Cleveland Industrial Market Report
Q1 2018 Cleveland Industrial Market Report Graphs
Q4 2017 National Industrial Market Report
Q4 2017 Cleveland Industrial Market Report
Q4 2017 Cleveland Industrial Market Report Graphs
Q3 2017 National Industrial Market Report
Q3 2017 Cleveland Industrial Market Report
Q3 2017 Cleveland Industrial Market Report Graphs
Q2 2017 National Industrial Market Report
Q2 2017 Cleveland Industrial Market Report
Q2 2017 Cleveland Industrial Market Report Graphs
Q1 2017 Cleveland Industrial Market Report
Q1 2017 Cleveland Industrial Market Report Graphs
Q4 2016 Cleveland Industrial Market Report
Q4 2016 Cleveland Industrial Market Report Graphs
Q3 2016 Cleveland Industrial Market Report
Q2 2016 Cleveland Industrial Market Report
Q1 2016 Cleveland Industrial Market Report
Q4 2015 Cleveland Industrial Market Report
Q3 2015 Cleveland Industrial Market Report

Landlord Representation - Scannell Properties

"Pre-leasing 1/4 of the first speculative building built in the Southeast market in almost seven years was a huge win for the building and Cornerstone Business Park as a whole. With Terry's assistance, we are hoping to break ground on another industrial spec building in early 2016."

Landlord Representation - First Industrial

"We could not be happier with the performance and outcome we have received from Terry Coyne at NGKF. We own properties all over the country and Cleveland is one of our strongest cities within our portfolio. Terry knows the market better than anyone and we are fortunate to have Terry on our team."

Landlord Representation - Optima Ventures

"Utilizing a team for the representation of our large, diverse downtown office portfolio was significant in leasing up our vacancies. We knew with five sets of eyes on the market, we were confident we were not missing any opportunities for new tenants in one of our buildings."

Quarterly Office Market Reports

Q4 2018 National Office Market Report
Q4 2018 Cleveland Office Market Report
Q3 2018 National Office Market Report
Q3 2018 Cleveland CBD Office Micromarket Report
Q3 2018 Cleveland Office Market Report
Q2 2018 National Office Market Report
Q2 2018 Cleveland Office Market Report
Q1 2018 National Office Market Report
Q1 2018 Cleveland Office Market Report
Q1 2018 Cleveland Office Market Report Graphs
Q4 2017 National Office Market Report
Q4 2017 Cleveland Office Market Report
Q4 2017 Cleveland Office Market Report Graphs
Q3 2017 Cleveland CBD Office Market Report
Q3 2017 National Office Market Report
Q3 2017 Cleveland Office Market Report
Q3 2017 Cleveland Office Market Report Graphs
Q2 2017 National Office Market Report
Q2 2017 Cleveland Office Market Report
Q2 2017 Cleveland Office Market Report Graphs
Q1 2017 Cleveland Office Market Report
Q1 2017 Cleveland Office Market Report Graphs
Q4 2016 Cleveland Office Market Report
Q4 2016 Cleveland Office Market Report Graphs
Q3 2016 Cleveland Office Market Report
Q2 2016 Cleveland Office Market Report
Q1 2016 Cleveland Office Market Report
Q4 2015 Cleveland Office Market Report
Q3 2015 Cleveland Office Market Report

Seller Representation - Saint-Gobain Ceramics & Plastics

"Terry's intimate knowledge and involvement in the history of the property helped to ensure a smooth process in a challenging transaction. We look forward to continue using Terry on this site as we look to lease the new speculative building in an ever growing submarket."

Seller Representation - Trust Technologies

"We were very pleased and satisfied with the timing and speed of our building disposition. The NGKF team handled the marketing, negotiation, and closing. We garnered a higher price than we thought we would thanks to their efforts."

Seller Representation - Hackman Capital

"Terry knows the market and the area and because of that expertise, he was able to appreciate the value we believed the building had. He was successful in matching us up with a Buyer who also shared our thoughts and we believe the sale and redevelopment will be a win for the new owners, city, and future companies in the area."

Seller Representation - ACAS Real Estate Holding

"The listing of this building had a lot of uncertainty and parties involved. We knew we had to hire a knowledgeable, 'get-it-done broker' in order to have all players satisfied at the end of the day. Terry helped us accomplish our goal and we would not hesitate to use him with other projects in Northeast Ohio."

Special Market Reports

Industrial Big Box/Modern Distribution/Spec Construction Report: August 2018

Semi-Annual Capital Markets Reports

Q4 2016 Midwest Capital Markets Report
Q2 2016 Cleveland Capital Markets Report
2015 Year-End Cleveland Capital Markets Report

Terry Coyne eUpdate Newsletters

Terry Coyne eUpdate: December 5, 2017
Terry Coyne eUpdate: November 20, 2017
Terry Coyne Quarterly Newsletter: November 2017

Buyer & Tenant Representation - GOJO

The Situation: The tenant, GOJO Industries, Inc., headquartered in Akron with distribution centers around Northeast Ohio, hired Terry to assist with their current distribution need and to forecast and accommodate their expected growth for the future.

Buyer & Tenant Representation - SupplyOne

The Challenge: SupplyOne, a specialty company that offers custom solutions, pressure sensitive labels, marking systems, supplies and equipment, was occupying a 156,460-square-foot warehouse/office property in a well-located suburban industrial area in the Cleveland Market. Newmark Grubb Knight Frank was engaged to help SupplyOne find a more efficient space that fit into the company's overall business plan. 

Buyer & Tenant Representation - Scannell & DiGeronimo Companies

"Terry's in-depth knowledge of the market, the players, the municipalities, and the behind the scenes activities, made the purchase of the property feasible to us, an out of town buyer/developer."

Buyer & Tenant Representation - Vox Mobile

"Terry and Kristy did a great job in finding us building alternatives to meet our time frame, specific requirements, and economic goals. As a new-aged technology company, we are looking forward to working in our brand-new, cool office space that we are proud to show off to our clients."

National Research

Q1 2018 National Capital Markets Report
Q4 2017 National Capital Markets Report
Q3 2017 United States Multihousing Market Overview
Q3 2017 National Capital Markets Report
Q1 2017 National Capital Markets Report
Q4 2016 National Capital Markets Report
Q3 2016 National Capital Markets Report
Q2 2016 National Capital Markets Report
Q4 2016 National Capital Markets Report
Global Cities-Skyscrapers Report

Other Reports

2016-2017 Cleveland CBD Zombie Office Report
Q2 2016 Under Construction Update

Investment Sales - Thackeray Partners

"The team did a great job uncovering an investment buyer that did not exist in the investment pool prior to the property going on the market. Their knowledge, marketing, and networking made the transaction possible."

Investment Sales - Lamrite West, Inc.

The Situation: The owner of 12850 and 13000 Darice Parkway, AIC Ventures, hired Terry Coyne and his team to sell two high-profile distribution buildings that are currently the home and headquarters of Lamrite West, Inc., the parent company of Darice and Pat Catan's...

Incentive & Sale-Leaseback - Saint-Gobain Ceramics & Plastics

"Terry was able to help in the process from beginning to end. From interviewing developers, land and site selection, incentive negotiation, and more, he was able to guide the strategy to make sure we received the best package available. He went above and beyond the call of duty for a real estate broker."

Incentive & Sale-Leaseback - Rubbermaid

"Terry did an excellent job in facilitating the transaction in such a short time period."

Market Update Videos

2016 First Half Industrial Market Update

 

Growing Cleveland, a Video Case Study with Terry Coyne

Take a virtual trip around Cleveland with Terry Coyne's team and see the changes in the city, a specific examples of technology companies like BoxCast moving into downtown Cleveland, and the overall potential and enthusiasm in the city over the past few years.

 

Ability to Connect People

Tags: Testimonials 
 

An Ability to Listen

Tags: Testimonials 
 

A Chameleon in a Good Way

Tags: Testimonials 

The opportunities with Opportunity Zones

Monday, March 18, 2019

Opportunity Zone projects have the potential to reinvigorate underinvested communities throughout the nation, including in Northeast Ohio. And while attractive from a tax savings standpoint, investors should also be contemplative about a deal’s long-term impact, says Terry Coyne, vice chairman of Newmark Knight Frank.

Terry Coyne on New Day Cleveland (Fox 8 Cleveland)

Thursday, February 14, 2019

Terry Coyne chatted with David Moss, co-host of Fox 8's New Day Cleveland about commercial real estate and more!

American Greetings' Westlake headquarters is put on the market

Sunday, January 27, 2019

...Terry Coyne, a Newmark Knight Frank vice chairman, uttered a quiet "Wow" when asked to size up such a potential transaction.

The Financial Quarterback: Episode 17 - Trends in Commercial Real Estate

Monday, January 21, 2019

Jim Lineweaver and Terry Coyne, a full service real-estate broker with Newmark Knight Frank, discuss commercial and industrial real estate trends we have to look forward to in 2019.

Northeast Ohio's office, industrial real estate markets grew in 2018

Sunday, January 13, 2019

...Although it's possible to just ascribe the industrial growth to the Amazon warehouses — with yet another big one going up in Euclid that will open in 2019 — Terry Coyne, a Newmark Knight Frank vice chairman who heads its Cleveland industrial unit, said that would do a disservice to other industrial users in the market who are gobbling up space.

Terry Coyne's Remarks on Opportunity Zones

Tuesday, December 11, 2018

On the morning of December 11, 2018, Newmark Knight Frank's Terry Coyne joined an esteemed panel at the Greater Cleveland Partnership's 4th Quarter Middle Market Forum to discuss the topic of Opportunity Zones. The name of the event was entitled, "Opportunity Zones-Redefining Cleveland."

Tags: opportunity zone  cleveland  real estate  downtown cleveland  development  gcp 

Residential Development Leading Downtown Cleveland's Rebirth

Wednesday, November 21, 2018

It's a chicken or egg question. Is Cleveland's commercial renaissance responsible for the city's residential revival or are downtown's office-to-residential conversions spurring economic growth?

Tags: residential  downtown Cleveland  conversions 

News Release: Tuff Shed Leases Remainder of 600 Beta Building...

Wednesday, November 21, 2018

Midwest Manufacturing Centers Also Doing Well

Friday, October 12, 2018

“We’re primarily a manufacturing center,” Terry Coyne, a Cleveland-based vice chairman of NKF, tells GlobeSt.com. “We got hurt during the recession, much like Detroit.”

Real Estate Forum: Influencers in Industrial

Monday, September 24, 2018

Terry Coyne was a 2018 selection.

The State of the Cleveland Industrial Landscape: Big Box & Construction

Wednesday, August 15, 2018

Two central storylines of the current Greater Cleveland Industrial Market are the desire for big box/modern distribution facilities and the construction of new properties throughout the area, including speculative buildings (or those without a pre-leased tenant in place). 

Tags: construction  industrial  big box  modern distribution  e-commerce 

Cleveland at a Glance Interactive Map (Click Full Article for Features)

Monday, August 13, 2018

Terry Coyne Discusses Midtown on ideaStream

Wednesday, July 11, 2018

UH Center for Women and Children Opens; MidTown Investment

"The conversation about MidTown and how it's doing - in my world it exists, it's happening, it's doing well...It's one of the brightest spots in all of Ohio," said Terry Coyne...

New Jersey-based Buyer Nabs AECOM Centre in Downtown Cleveland

Tuesday, July 10, 2018

Rugby has retained Newmark Knight Frank vice chairman Terry Coyne and managing director Kristy Hull to handle office leasing for the structure.

 

Twinsburg business park nears capacity

Tuesday, July 10, 2018

The second project getting started is a 240,000-square-foot spec building that is expected to be done in about a year. Although there are no confirmed tenants signed for that building yet, the park already has one 200,000-square-foot building that was constructed on spec that is now fully leased with tenants such as a Dunkin' Donuts distribution center. So, developers are confident it will fill up, said Terry Coyne, vice chairman of Newmark Grubb Knight Frank's Cleveland office and the commercial real estate agent for the property.

Walton Hills hopeful as Ford puts former plan on market

Tuesday, July 10, 2018

Historically, former auto plants in Northeast Oho have been turned into multitenant industrial parks by slicing them up for multiple tenants. However, the former Twinsburg Chrysler stamping plant broke that mold. It was razed and it now serves as home to multiple huge distribution centers occupied by Amazon and others in the Cornerstone Business Park.

Tags: Ford  Twinsburg  Chrysler 

AECOM Centre in downtown Cleveland sells to New Jersey buyer

Monday, July 09, 2018

"It's a great time to have empty office space in Northeast Ohio, because there's so much demand," said Terry Coyne, who is marketing space at AECOM Centre with colleague Kristy Hull of the Newmark Knight Frank real estate brokerage. "This building will be well positioned to take advantage of all that, and Rugby is a proven developer." Newmark Knight Frank plans to move its offices late this year to AECOM Centre from the U.S. Bank Centre building at Playhouse Square. If the 575,000-square-foot AECOM Centre fills up and Rugby's turnaround strategy bears out, "my hope is to buy more buildings in Cleveland," Ades said.

Tags: Downtown Cleveland 

AECOM Centre in downtown Cleveland sells to New Jersey buyer

Friday, June 29, 2018

"It's a great time to have empty office space in Northeast Ohio, because there's so much demand," said Terry Coyne, who is marketing space at AECOM Centre with colleague Kristy Hull of the Newmark Knight Frank real estate brokerage. "This building will be well positioned to take advantage of all that, and Rugby is a proven developer."

Scannell sheds Strongsville warehouse for $15 million

Monday, June 04, 2018

Terry Coyne, Newmark Knight Frank vice chairman, headed a team that handled the sale for Scannell...."This affirms that Northeast Ohio's industrial market is attractive to our-of-town investors," Coyne said.

Industrial projects have yet to reach peak in NEO

Sunday, May 27, 2018

Terry Coyne, a vice chairman at Newmark Knight Frank's Cleveland office who practices in the industrial market, said the spate of Amazon warehouses that drove the market last year is not the only factor propelling the action....

Terry Coyne, Newmark Knight Frank vice chairman, headed a team that hand

Friday, May 04, 2018

"I think what Frank is doing is a gift to the city of Cleveland," Coyne said...

Palmieri-Scheer group finds sweet spot on Richmond Road

Sunday, April 08, 2018

Terry Coyne, vice chairman...also fits the plays in a broader framework. He points to new car dealerships...

CoStar Power Broker Award Winners

Sunday, April 01, 2018

Top Industrial Leasing Brokers; Top Sales Brokers for 2017

CCIM Institute: Deal Makers

Sunday, April 01, 2018

Terry Coyne, CCIM, and Kristy Hull, CCIM...represented AIC Ventures in the $40 million sale of...

7500 SF Leased in Q12018 @ 6100 Rockwise Woods Blvd.

Thursday, March 15, 2018

Multi-Tenant Stabilized Office Building. Newly renovated with state-of-the-art building systems. Recently remodeled upgraded public spaces.

30311 Emerald Valley Parkway Leased in Q12018

Thursday, February 15, 2018

Located in the highly desirable, Class A, southeast market in Glenwillow. The building is located in a Foreign Trade Zone and directly on a bus route.

Cleveland Has Growth Momentum. Now It Needs To Keep It.

Tuesday, February 13, 2018

"Cleveland is on the rebound, but according to the speakers at Bisnow's first Cleveland State of the Market event, a budding urban renaissance is no guarantee of future robustness. Neither the public nor private sector can assume that Cleveland's momentum will continue on autopilot. They have to continue to cooperate to make it so."

Scannell plans to build two warehouses in NEO

Friday, February 09, 2018

...Scannell plans to construct on a speculative basis; building before it signs tenants to lease the buildings; a total of a half-million-square feet of warehouse space for a simple reason, Coyne said in a phone interview last Thursday, Feb. 8: "We're out of space in Twinsburg and have just 23,000 square feet of space left at the first building in Strongsville."...

Rents rise and options dwindle in office, industrial market

Sunday, January 14, 2018

...Terry Coyne, vice chairman of NKF's Cleveland industrial unit, expects little to change for the typical manufacturer or distributor based in Northeast Ohio. "There's not a lot out there for lease or for sale," Coyne said....

Electronic Merchant Systems to move HQ, 180 jobs to downtown Cleveland

Friday, January 05, 2018

...Hollister and colleagues Terry Coyne and Kristy Hull represented Bedrock in the transaction.

NKF Brokers Long-Term Lease for Stag Industrial

Friday, December 08, 2017

Newmark Knight Frank has arranged a long-term lease on behalf of Stag Industrial Inc. at one of its Ohio warehouses..."This new space offers Palmer-Donavin a well-maintained property with great access to Interstate 76 and the Ohio Turnpike," said Terry Coyne...

NKF Secures 230,805 SF Long-Term Industrial Lease in North Jackson, Ohio

Monday, December 04, 2017

Newmark Knight Frank (NKF) is pleased to announce that Vice Chairman Terry Coyne, SIOR, CCIM, completed a new, 230,805-square-foot, long-term lease to The Palmer-Donavin Manufacturing Company at 382 Rosemont Road in North Jackson, Ohio, on behalf of the property owner, STAG Industrial....

Real Estate Forum Presents Top Brokers: Industrial

Friday, December 01, 2017

The November/December issue of Real Estate Forum has been released and Newmark Knight Frank Cleveland's Terry Coyne has been selected as 13th in the country in overall industrial leasing and 13th in the country in overall industrial investment sales.

NKF Closes $40 Million Industrial Portfolio Sale in Strongsville, OH

Wednesday, November 29, 2017

Newmark Knight Frank (NKF) has successfully completed the sale of a two-building industrial portfolio, located at 12850 and 13000 Darice Parkway in Strongsville, Ohio, to VEREIT ID Strongsville OH, LLC for $40 million. NKF Vice Chairman Terry Coyne, SIOR, CCIM, and Managing Director Kristy Hull, SIOR, CCIM, both of the Cleveland office, represented the seller...

Land in #TheLand is Hot Again

Tuesday, November 28, 2017

Land Sales Slow: Large Northeast Ohio land sales have been fairly slow over the last few years, until recently. In fact, according to the commercial real estate database CoStar there were just 36 commercial or industrial land sale transactions of 50 or more acres in the Cleveland-Akron-Canton market from 2013 to 2016. That is 9 sales per year in that four-year span.

Tags: Land  Amazon 

Breathing life into ailing malls isn't easy - or cheap

Saturday, November 11, 2017

While Amazon may not be the answer for all the sick malls, growing industrial demand from other e-commerce companies may help to repurpose at least parts of them to warehouse use, according to Terry Coyne, a vice chairman at Newmark Knight Frank's Cleveland office.

The Sound of Ideas: Federal Historic Tax Credit

Tuesday, October 31, 2017

...Terry Coyne: "...I can't speak to the minutia of the tax code, but I can tell you that if we did not have these tax credits, in the past two years, my partner and I have sold six downtown buildings, and I don't know if any of them would have sold without it..."

California investor buys Richmond Heights spots

Sunday, October 01, 2017

...Terry Coyne, a vice chairman at Newmark's Cleveland office who handled the offering locally, said the buyer submitted the best of four bids for the property...

Terry Coyne Earns NGKF National Broker of the Year Distinction

Sunday, September 24, 2017

National Industrial Broker of the Year - Terry Coyne

Pat Catan's sells warehouses, books large price spike

Sunday, September 10, 2017

...Terry Coyne, a Newmark Knight Frank vice chairman who represented the seller in the transaction, said the deal shows institutional-quality industrial properties in Northeast Ohio are fetching better prices...

Medical Mutual CFO: Rose Building in Cleveland is 'first preferernce'

Friday, August 04, 2017

...Private valuations in court records indicate that the property might sell for $14 million, if it were vacant, to just over $30 million, factoring in Medical Mutual's remaining rent payments. Terry Coyne, vice chairman of the Newmark Knight Frank real estate brokerage in Cleveland and the person who provided those numbers...

Southeast SubMarket & Big Box Analysis

Saturday, June 10, 2017

Southeast Submarket Analysis

GED Integrated Solutions Groundbreaking Photo Gallery

Saturday, June 10, 2017

Terry Coyne was the Master of Ceremonies at the GED Integrated Solutions groundbreaking for its new global headquarters. Photos by Marc Golub.

GED Integrated Solutions moving from Twinsburg to Glenwillow

Thursday, June 08, 2017

...Geis will construct the building for ORG's affilliate, according to Terry Coyne, a Newmark Grubb Knight Frank vice chairman who represented the landlord in the transaction...

UPS buys 65-acre parcel in Middleburg Heights in $7.55 million deal

Saturday, May 27, 2017

The property is zoned for industrial use. Terry Coyne, vice chairman of the Newmark Grubb Knight Frank real estate brokerage in Cleveland, said it's a good sign for the market that large tracts of land are getting snapped up...

NEO's warehouse boom is built by e-commerce

Sunday, May 21, 2017

Terry Coyne, vice chairman of the Cleveland office of the Newmark Grubb Knight Frank brokerage, said the proposed Euclid deal fits the sudden appetite of industrial users and real estate developers to buy increasingly scarce land...

Euclid Square Mall, now dead, could be demolished for industrial project

Wednesday, May 03, 2017

"The market's tight," Terry Coyne, vice chairman of the Newmark Grubb Knight Frank brokerage in Cleveland, said of demand for industrial real estate...

Check out this Cleveland skyscraper with Detroit connections

Wednesday, April 26, 2017

Now, Terry Coyne, vice chairman for commercial real estate for Newmark Grubb Knight Frank, is hoping the right tenant will follow suit with the 10th floor of the Higbee Building.

Re-emergence: nostalgic Higbees space from days gone by is set to let

Wednesday, April 26, 2017

..."The perfect tenant is one who can utilize the high ceilings in the interesting potential layout for the space," says Coyne.

Conversion of Lakewood Center North to apartments is underway

Friday, April 07, 2017

More apartments are bound for rental-rich Lakewood in a move that will reshape the west suburban office market, at least statistically..."It's amazing to me how the market is right-sizing itself through residential conversions," Coyne said.

National Industrial Tenants Landing in Smaller Markets

Saturday, April 01, 2017

Cleveland has made a comeback. Finally. We're seven years into our recovery and the hottest part of the Northeast Ohio industrial distribution market has been national corporate tenants leasing space, ranging in size from 45,000 to 80,000 SF. That larger size has always been the strongest segment of our market, with companies like Berlin Packaging, Dunkin' Donuts (National DCP) and Bridgestone Americas (Tire Wholesale Warehouse) all making significant investments.

NGKF Represents Seller of 173,052 SF Warehouse Facility in Bedford Heigh

Wednesday, March 22, 2017

Newmark Grubb Knight Frank (NGKF) is pleased to announce the sale of 26801 Fargo Road in Bedford Heights, Ohio, a fully-leased, 173,052-square-foot warehouse and office building.

Boston REIT pays $7.6 million for industrial building

Wednesday, March 22, 2017

STAG Industrial Holdings LLC, an affiliate of STAG Industrial Inc. (NYSE: STAG), has acquired a 173,052-square-foot warehouse and office building in Bedford Heights for $7.6 million, Newmark Grubb Knight Frank's Cleveland office announced on Wednesday, March 22.

Stag Industrial Buys Bedford Heights Warehouse

Friday, March 10, 2017

In the first quarter of 2017, 26801 Fargo Road in Bedford Heights sold for $7,636,651, or $44.13/SF, toSTAG Industrial Holdings, LLC. Our team represented the sellers, a group of local Cleveland investors.

Northeast Ohio Sublease Market Shrinking

Friday, March 10, 2017

March, 2017 - Contrary to national trends published by Newmark Knight Frank's corporate research department, the office sublease market in Northeast Ohio, normally a predictor of underlying momentum in most overall markets, continues to shrink.

Here Come the Marijuana Growers

Thursday, March 02, 2017

March, 2017 - As if the Northeast Ohio industrial market was not tight enough, here come the marijuana growers! Last year, the Ohio General Assembly passed legislation for a medical marijuana program in Ohio and Governor Kasich signed the bill.

Midwest Investment Opportunities Hot as Ever

Wednesday, March 01, 2017

March, 2017 - New York, Chicago, Los Angeles and other big cities get far more attention thanNortheast Ohiowhen discussion turns to investment property sales.

Midtown Cleveland's Success Continues

Friday, February 10, 2017

As Downtown Cleveland captures the majority of recent commercial real estate news for its development projects, the city's Midtown area has quietly become a successful office submarket - specifically from East 57th Street to East 70th Street along Euclid Avenue.

Downtown Cleveland high rise redevelopment clears hurdle

Tuesday, January 24, 2017

Developers of the 925 Building, formerly the Huntington Bank building at East 9th and Euclid Avenue in Cleveland, have cleared a hurdle on their way to redeveloping the massive property.

Northeast Ohio Seeing a Warehouse 'Boom'

Monday, January 23, 2017

Northeast Ohio is experiencing a big jump in demand for industrial warehouse and distribution space. And the election of President Donald Trump could have something to do with that. From Ohio Public Radio Station WKSU, Kevin Niedermier has more.

Trending Downtown: loft office space

Monday, January 23, 2017

Residential development in downtown Cleveland is going gangbusters, attracting the working millennial crowd and empty nesters alike. And much of the action is playing out in the city's historic buildings.

Region's industrial market is 'remarkably strong'

Sunday, January 22, 2017

Northeast Ohio's industrial real estate market executed a rare juggling act last year that puts it on good footing for 2017. Massive industrial buildings were built and opened last year, yet they quickly gained tenants and added little vacancy regionally.

Downtown Office Conversions Impact Market

Tuesday, January 10, 2017

Question: If vacancy rates seem so high, why is the office space game still so vibrant and healthy in Cleveland?
Answer: Conversions.

New owner of Huntington Building plans to convert it to apartments, rest

Monday, June 15, 2015

The renovation will be "big and risky" with a "South Beach flair," said Terry Coyne, vice chairman of Newmark Grubb Knight Frank, who sold the property and will lease and manage it as well.

Student-housing developer pays $4.5 million for Heritage Hall

Friday, April 03, 2015

CLEVELAND, Ohio - The nation's largest privately-owned student-housing developer paid $4.5 million this week - slightly more than asking price - for the Heritage Hall building at the eastern edge of downtown Cleveland.

Jacobs Investments Inc. lists two Warehouse District properties

Friday, February 20, 2015

Jeffrey Jacobs, developer of the Nautica entertainment complex in the Flats, is taking steps to consolidate his Cleveland holdings in the riverfront district by offering to sell two mixed-use office and apartment properties in the Warehouse District.

United Church of Christ office building, Radisson Hotel up for sale

Sunday, February 15, 2015

The nine-floor United Church of Christ office building at 700 Prospect Ave. and the adjoining 142-room Radisson Hotel, 651 Huron Road, both owned by affiliates of the Cleveland-based United Church of Christ, are up for sale....

Twinsburg building set to be sold for $15 million

Sunday, November 30, 2014

In a sign of continued recovery in Northeast Ohio's industrial real estate market, a multitenant Twinsburg building is poised to sell for $15 million, about $2.7 million more than it sold for in 2006.

Bulk warehouse to emerge in 2015 in Twinsburg

Sunday, June 08, 2014

Another step is about to be taken in the redevelopment of the former Twinsburg Chrysler Stamping plant site for the next generation of industrial users - and one with a big footprint for the region's industrial market as well.

Optima Ventures hires NGKF to lease downtown Cleveland office portfolio

Thursday, June 20, 2013

CLEVELAND, Ohio -- One of downtown Cleveland's largest landlords has hired the Newmark Grubb Knight Frank brokerage to market and lease four buildings, comprising nearly 3 million square feet.

 

Every Client Matters

Tags: Testimonials 
 

Extremely High Energy

Tags: Testimonials 
 

One Piece of Business to Another

Tags: Testimonials 
 

2019 Terry Coyne 30-Second TV Commercial

Tags: TV Advertisements 
 

2018 Terry Coyne 30-Second TV Commercial

Tags: TV Advertisements 
 

2018 Cornerstone Business Park TV Ad

Tags: TV Advertisements 
 

I Don't Know When He Sleeps

Tags: Testimonials 
 

Friendly, Connected, Well-Informed

Tags: Testimonials 
 

He Creates Environments

Tags: Testimonials 
 

Doug Bell, Global Prairie

Tags: Testimonials 
 

Working Together to Find Interesting Opportunities

Tags: Promotional Videos 
 

Terry Coyne - Growing Cleveland

Tags: Promotional Videos 
 

The 925 Euclid Building - 2018

Tags: Promotional Videos 
 

Is It Important to Create Recreational Areas in the Office?

Tags: Business Tips 
 

Should Your Business Take a Risk on a New Space?

Tags: Business Tips 
 

What Did You Learn Interning With Terry Coyne?

Tags: Business Tips 
 

What Does it Mean to Reclaim a Space?

Tags: Business Tips 
 

What Makes Cleveland a Hot Market for Start-Ups?

Tags: Business Tips 
 

What's the Best Part of Being a CRE Agent?

Tags: Business Tips 
 

Which CRE Market is Strongest in Cleveland?

Tags: Business Tips 
 

Why Are Common Areas Important for Start-Ups?

Tags: Business Tips 
 

Why Do Brokers Need a Great Network?

Tags: Business Tips 
 

Looking for High-End Office or Industrial Space?

Tags: Video Blitzes 
 

New Construction is Underway

Tags: Video Blitzes 

75000 SF Leased @ 5160 Greenwich Drive

Saturday, September 15, 2018

State-of-the-art facility • Total building consists of 75,000 SF on 5.74 acres • 60,000 SF industrial warehouse • 15,000 SF open office/showroom • Built in 2001 • Column spacing - 40’ x 40’ • 4 docks; 1 drive-in door • Minutes from the I-71-/I-76 interchange south of Medina 

High Standards

Thursday, July 12, 2018

"Our standards were high, given the precise nature of our work. However, after an exhaustive market survey, we found a facility that supports an efficient operation and will allow us to continue to provide the very best services to our clients." - Don Pavlik, GM, ALS Laboratory

Terry was able to position our property well

Thursday, July 12, 2018

"Even amidst tough conditions for commercial real estate, Terry was able to position our property well. We received a price we were satisfied with from a buyer who was not even located in our market." - Mike Wojno, CEO, Wojno Development

JDI Realty "Extremely Pleased"

Thursday, July 12, 2018

"At JDI Realty, we are extremely pleased with the overall performance and quality of services provided by Newmark Grubb Knight Frank Management Services (GEMS). We would not hesitate to use them on other properties." - Mark Nasca, Partner, JDI Realty

local expertise and institutional rolodex

Wednesday, July 11, 2018

"Brett, Terry and Kristy executed this sale seamlessly and we greatly benefited from their local expertise and institutional rolodex. Hopefully, our 6.16% cap rate stands as the Cleveland area record for some time." - Michael J. Baucus, Managing Partner, AIC Ventures

14720 Foltz Industrial Parkway Sold in 2018 by Newmark Knight Frank

Friday, June 15, 2018

Terry Coyne, a Newmark Grubb Knight Frank vice chairman who represents Scannell in Strongsville, said the structure is the first rental industrial building to be built in the southwest suburbs since 2007. “It’s time,” Coyne said. “We have quite a bit of leasing interest in just the last week since the property purchase closed.”

Southeast Submarket Industrial Sales: SOLD Postcard

Friday, December 15, 2017

Summary of industrial sales completed by Terry Coyne and team in the Southeast Submarket of Cleveland in the first half of 2017.

26401 Richmond Road: SOLD Postcard

Wednesday, November 15, 2017

CBD Investment Sales Brochure

Sunday, October 15, 2017

NGKF sells 925 Euclid Avenue in Downtown Cleveland for $22 Million.

Monday, June 15, 2015

Newmark Grubb Knight Frank is pleased to announce the sale of 925 Euclid Avenue in Downtown Cleveland. 925 Euclid, also known as the former Huntington Building, is a mostly vacant 22 floor, 1.4 million square foot office building built in 1924. The new owner plans to convert this building to 550 apartments, 400,000 square feet of office space, 300 hotel rooms, and 200,000 square feet of retail space.

8036 Bavaria Road sells for Nearly $60/sf

Sunday, March 15, 2015

Newmark Grubb Knight Frank is pleased to announce the sale of 8036 Bavaria Road in Twinsburg. This nearly 40,000 square foot distribution building was sold to an investor out of Pennsylvania for $2,350,00. The building is leased by Fuchs Lubricants, a chemical manufacturer and distributor. Terry Coyne and Mike Plaspohl represented the Seller.

7061 East Pleasant Valley Road in Independence Sold

Sunday, March 15, 2015

Newmark Grubb Knight Frank is pleased to announce the sale of 7061 East Pleasant Valley Road in Independence. This approximately 40,000 square foot office building was sold to the Brotherhood of Locomotive Engineers and Trainmen, to be used as their new headquarters. They sold their current headquarters, located downtown, in 2014. Terry Coyne and Mike Plaspohl represented the Buyer.

Hackman Capital sells 6521 Davis Industrial Parkway

Saturday, March 14, 2015

Newmark Grubb Knight Frank is pleased to announce the sale of 6521 Davis Industrial Parkway in Solon. This 21,600 square foot industrial facility sold for $799,000 . Terry Coyne and Kristy Hull represented the Seller.

1755 Enterprise Parkway sells for $15,000,000

Monday, December 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 1755 Enterprise Parkway in Twinsburg. This approximately 250,000 square foot distribution building was sold to an industrial REIT for nearly $60/sf. Terry Coyne and Mike Plaspohl represented the Seller.

ACO Polymer Products Purchases 67,200 Square Foot Industiral Building

Friday, August 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 9470 Pinecone Drive in Mentor. This 67,200 square foot industrial facility sold ACO Polymer Products, Inc., a worldwide leader in trench drainage solutions that provides products and services to several water management industries. Terry Coyne, Kristy Hull, and Bob Nosal represented the Seller.

ACO Polymer Products Purchases 67,200 Square Foot Industiral Building

Friday, August 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 9470 Pinecone Drive in Mentor. This 67,200 square foot industrial facility sold ACO Polymer Products, Inc., a worldwide leader in trench drainage solutions that provides products and services to several water management industries. Terry Coyne, Kristy Hull, and Bob Nosal represented the Seller.

Weston, Inc. Buys 305,305 Square Foot Industrial Facility in Bedford Hei

Friday, August 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 23371 Aurora Road in Bedford Heights. This 305,305 square foot industrial facility sold to Weston, Inc., a national investor. The building is currently 60% leased, and was renovated by previous owner to be 100% ESFR sprinklered. Terry Coyne represented the Seller.

Saratoga One, LLC & Saratoga Two, LLC sell industrial holdings in Canton

Friday, August 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 3021 and 3026 Saratoga Avenue in Canton Ohio. This two building, 180,000 square foot industrial portfolio is was at approximately 50% occupancy at the time of sale. Terry Coyne represented the seller.

Venture Lighting signs lease at 7905 Cochran Road in Glenwillow

Sunday, June 15, 2014

Newmark Grubb Knight Frank is pleased to welcome Venture Lighting to 7905 Cochran Road in Glenwillow. They will be occupying nearly 60,000 square feet of the 144,000 square foot modern distribution facility. There is now only 20,000 square feet remaining. Terry Coyne and Kristy Hull represented the Landlord.

Thackeray Partners sell 12200 Alameda Drive in Strongsville

Sunday, June 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of12200 Alameda Drive in Strongsville: an 86,132 square foot warehouse facility. The building is under a long term lease with Speigelberg Manufacturing, and sold for $3,767,000 ($43.73/sf). Terry Coyne and Mike Plaspohl represented the Seller.

Marotta Family sells Independence Square Retail Center on Brecksville Rd

Tuesday, April 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 6511 Brecksville Road in Independence: an 62,000 square foot retail center. The center sold for $4,900,000 to Carnegie Companies, a local real estate investment and development firm. David Hollister, Terry Coyne, and Mike Plaspohl represented the Seller.

Hackman Capital sells 12930 Darice Parkway in Strongsville

Saturday, March 15, 2014

Newmark Grubb Knight Frank is pleased to announce the sale of 12930 Darice Parkway in Strongsville. This 162,000 square foot industrial facility is predominantly leased by Dealer Tire. Terry Coyne and Mike Plaspohl represented the Seller.

Maxim Healthcare Leases 6,100 Square Feet in 5595 Transportation Bouleva

Saturday, March 15, 2014

Newmark Grubb Knight Frank is pleased to welcome Maxim Healthcare to of 5595 Transportation Boulevard in Garfield Heights. The company leased a total of 6,100 square feet. Bob Nosal and Terry Coyne represented the Landlord.