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Chicago & Midwest  + Midwest  + Industrial  | 

Lease with Lowe’s Brings Cleveland-Area Park to 100% Occupancy

Cornerstone Business Park, the redevelopment of the former Chrysler Stamping Plant in Twinsburg, OH, has reached 100% occupancy with lease for a Lowe’s distribution center.

Lowe’s 180,000-square-foot lease occupies the last available space at the 276,000-square-foot 8601 Independence Pkwy., the park’s most recently delivered speculative development.

NKF’s Terry Coyne represents Cornerstone Business Park’s owner/developer, a partnership of Scannell Properties and DiGeronimo Cos., in the park’s leasing. JLL represented Lowe’s in this deal.

“The success that we have had in leasing up the two previous spec buildings at Cornerstone is a major indicator of what we expect with the third building,” said Coyne. “The strength of the industrial market in Cleveland continues to hold true, even throughout the last few, challenging months. We are excited to welcome Lowe’s as a park tenant as well as move forward with the plans to bring the park to capacity.”

For comments, questions or concerns, please contact Paul Bubny

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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).

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