Northeast Ohio Real Estate News - Terry Coyne


Terry Coyne in the News

Scannell sheds Strongsville warehouse for $15 million
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

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....

Millennia buys downtown Cleveland's near-vacant 925 Building in $40 million deal
"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
Terry Coyne, vice chairman...also fits the plays in a broader framework. He points to new car dealerships...

CoStar Power Broker Award Winners
Top Industrial Leasing Brokers; Top Sales Brokers

CCIM Institute: Deal Makers
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.

Scannell plans to build two warehouses in NEO
...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
...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 from Independence
...Hollister and colleagues Terry Coyne and Kristy Hull represented Bedrock in the transaction.

Real Estate Forum Presents Top Brokers: Industrial
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 Brokers Long-Term Lease for Stag Industrial
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
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....

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

Pat Catan's sells warehouses, books large price spike
...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 downtown Cleveland is 'first preference' for HQ
...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
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

...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 for rare undeveloped tract

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
Terry Coyne, vice chairman of t he 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 massive industrial project
"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
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 Higbee's space from days gone by is set to let
..."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
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 Heights, Ohio
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
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.

Terry Coyne Earns NGKF National Broker of the Year Distinction (Video)

Downtown Cleveland high rise redevelopment clears hurdle
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'
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.

Region's industrial market is 'remarkably strong'
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.

Trending Downtown: loft office space
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.

New owner of Huntington Building plans to convert it to apartments, restaurants, clubs
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.

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

Student-housing developer pays $4.5 million for Heritage Hall, downtown YMCA complex
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. affiliates list two Warehouse District properties for sale
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.

Twinsburg building set to be sold for $15 million
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
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 Newmark Grubb Knight Frank to lease downtown Cleveland office portfolio
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 mil
lion square feet.

Copyright 2018 Terry Coyne, All Rights Reserved.   |   Newmark Grubb Knight Frank   |   1350 Euclid Ave, Suite 300, Cleveland, OH 44115   |   P: 216.453.3001