This weeks NEO CRE Play of the Week goes to Neil Viny at The Dalad Group for his acquisition of Essex Place on Rockside Road. Dalad Group, who is already a major player in the Rockside market, added the 80,000 SF Class A office property to their portfolio. Currently at 80% vacancy, Essex Place was one of the casualties of the economic downturn and battered Rockside sub-market. We at the CREInsider applaud Mr. Viny's foresight and timing (not to mention financing) of this acquisition as market fundamentals continue to improve not only Rockside but across Northeast Ohio. With a $2.9 million purchase price he should be poised to make some very competitive deals. More on his acquisition was reported in Crains Cleveland this week. NEO CRE Play of the Week 7/4 - 7/8
This weeks NEO CRE Play of the Week goes to Neil Viny at The Dalad Group for his acquisition of Essex Place on Rockside Road. Dalad Group, who is already a major player in the Rockside market, added the 80,000 SF Class A office property to their portfolio. Currently at 80% vacancy, Essex Place was one of the casualties of the economic downturn and battered Rockside sub-market. We at the CREInsider applaud Mr. Viny's foresight and timing (not to mention financing) of this acquisition as market fundamentals continue to improve not only Rockside but across Northeast Ohio. With a $2.9 million purchase price he should be poised to make some very competitive deals. More on his acquisition was reported in Crains Cleveland this week.