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.

The Solution

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

Property Snapshot

$40 Million Portfolio Sale
Long-Term Absolute Net Lease
Local Expertise with Institutional Support
6.16% Cap Rate (One of Cleveland Area's Best)