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
- ◦Lease