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Chicago & Midwest  + Midwest  + Retail  | 
Medina Grande Shoppes Medina OH

NY-Based Nassimi Acquires Retail in Cleveland Suburbs

New York-based development company Nassimi Realty has acquired Medina Grande Shoppes, a 150,000-square-foot retail complex in Medina, OH, within the Cleveland metro area. 

The retail center is anchored by Ashley Furniture, Joanne Fabrics and PetSmart. The purchase price was not disclosed. 

“Medina Grande Shoppes has an excellent tenant mix and we have a great deal of confidence in our ability to fill its vacancies,” said Oliver Nassimi, VP of Nassimi Realty. “This is our third property in Ohio, and it will make a valuable addition to our portfolio.”  

Situated 33 miles south of Cleveland, Medina is home to nationally prominent employers such as Owens Corning, 3M and Tempur Sealy International. The city is surrounded by numerous four-year and two-year colleges and universities. 

 
The seller of the property, the Zaremba Group, was represented by Richard Frolik of the Oak Brook, IL office of CBRE. 

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Inside The Story

Nassimi RealtyCBRE's Frolik

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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