Insight

Kumo Capital Partners with Brait Capital to Enter the Ohio Commercial Real Estate Markets via Purchase of East Cleveland Industrial Complex

November 13, 2023
Michael Kuritnik

Our team has marked its entry into the competitive Ohio Commercial Real Estate market through a strategic joint venture with Brait Capital, securing Cranwood Parkway Industrial Complex. This property presents a compelling opportunity underpinned by its strategic location and promising value-add potential.

The expansive complex encompasses a total of 145,438 square feet, situated on 13.1 acres of prime land. It comprises five buildings housing 18 tenants utilizing the space for a diverse variety of functions. The space is highly accessible, boasting a total of 19 dock doors, 23 drive-in doors, and 195 parking spaces in total. The design of the property allows for convenience and efficiency, ensuring ease of operation

Cranwood is located in the heart of the East Cleveland Industrial Submarket which has experienced record low vacancy and consistent rent growth over the past several years. Additionally, the property has easy access to Ohio’s major interstates, a key factor for industrial tenants.

Kumo and Brait are on a mission to unlock Cranwood’s full potential. This includes maximizing the operating income generated from Cranwood by bringing rents to market levels, strategically restructuring leases, and maximizing operational efficiency.

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