The driving forces behind industrial new construction

Sunday, September 22, 2019

The pipeline of new construction industrial projects in the Cleveland market continues to be robust. Amazon further expanded its presence in Northeast Ohio over the past several months, including completing the build out on its 650,000-square-foot distribution center at the former Euclid Square Mall. Meanwhile, a 276,000-square-foot speculative warehouse facility at CornerStone Business Park in Twinsburg also recently entered the market, part of a surge of speculative industrial development that indicates developer confidence in the health of the Northeast Ohio industrial market.

Developers ramp up action in industrial realty

Wednesday, August 28, 2019

...Terry Coyne, vice chairman and head of Newmark Knight Frank's industrial unit in Cleveland, said the impact of the proposed projects will be muted by the way they are spread throughout the region.

30-acre development near Solon reflects increased demand for industrial

Monday, July 15, 2019

...“I think it’s a great endorsement of the market that a third party from outside [the area] looked at it with new eyes and decided this was a great place to invest," Terry Coyne, a vice chairman at NKF’s Cleveland office, said of the project....

A window into the desirable industrial landscape

Monday, June 10, 2019

The Greater Cleveland industrial market is a big deal righ now. This market segment reached a historically low 5.2% vacancy rate in the first quarter of 2019. As such, demand is high for existing big-box/modern distribution facilities and the construction of new properties.

Ohio City, Tremont apartments push up land prices

Monday, May 20, 2019

The apartment-crazed Ohio City and Tremont development scene has reached an unexpected pace. The rash of recent deals has pushed land prices for sites suitable for such projects to the lower rung of those in downtown Cleveland, long the region's high-water mark.

New Mentor industrial park to take shape on 87-acre site

Wednesday, May 15, 2019

Capitalizing on the tight industrial real estate market, a joint venture formed by two Lake County companies is preparing to launch an industrial park on an 87-acre site in Mentor that's considered the last large industrial parcel in a suburb known for industrial properties.

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.

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.

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 

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...

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...

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...

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.

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.

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.

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.