Matthews Real Estate Investment Services, a leading commercial real estate investment firm with advanced technology capabilities, recently finalized the sale of 30701 Carter Street in Solon, Ohio. The impressive transaction involved a single-tenant manufacturing property that was sold for $11.52 million and was facilitated by Associate Vice President Matt Kovesdy on behalf of the buyer.
This deal marks the largest owner-occupier industrial transaction in Cleveland’s market this year based on square footage. Spanning over 337,000 square feet across 17.68 acres, this industrial facility was previously owned by Cosmax USA before they ceased operations at the property in January of 2023 to relocate resources and equipment to other markets across the U.S.
The new owner Mytee Products plans to make significant improvements to convert it from a manufacturing space into a distribution center and is set to move its operations into approximately 228,500 square feet of space by May of next year. Matthews will also be representing an additional remaining space totaling up to approximately 101 ,500 square feet for lease within both buildings.
This successful industrial deal has been closed under Matthews’ expertise as one of Cleveland’s top real estate firms with extensive knowledge and experience in handling such transactions worth millions like these every day.
