Raintree Industrial Park
Solon, Ohio
Landlord Representation
Since 1986 Bob Garber, SIOR of CRESCO Real Estate has maintained the leasing assignment for one of Greater Cleveland’s largest and most recognizable self-contained industrial parks. This fourteen (14) building portfolio consists of almost 800,000 square feet of office/warehouse/flex space. During the tenure of the listing Bob Garber has exclusively represented three (3) different ownership groups.
Approach
- To develop a full cycle leasing plan that incorporates new tenant transactions, renewals and expansions.
- Design a marketing campaign to attract new users through effective suite brochures, postcards, e-mail lists, cold calling, canvassing, and broker cooperation.
- Create a property theme and positioning to the market
- Actively meet with existing tenants to continually evaluate their space needs and future plans.
- Continually work with property management to review vacant units, property aesthetics and various facility issues.
Results
- Over 260 transactions totaling over $47,000,000 have been completed. This involved many new deals, along with tenant renewals and expansions at Raintree Park.
- Historically, our marketing campaign has been successful in helping to maintain over 90% occupancy and backfilling vacancies in a fashion quicker than the market average. Established effective marketing pieces and strong alliance with the brokerage community.
- Theme – “Raintree Park... A Great Place For Your Business to Grow.”
- Excellent rapport with the tenants and management, proven by the multiple assignments with the same users and maintained the exclusive property relationship through ownership changes.
- Raintree Park continues to be recognized for its functional appeal to the market and we continue to help expand the tenant mix and type of use base.