BEACHWOOD, Ohio--(BUSINESS WIRE)--Chase Properties, a Beachwood, Ohio-based owner and operator, announces the acquisition of 6575 Davis Industrial Parkway in Solon, Ohio. 6575 Davis Industrial Parkway is an approximately 55,000 square foot cold storage warehouse/distribution center situated on over five acres. JLL brokered the sale.
6575 Davis Industrial Parkway benefits from being positioned in the heart of Northeast Ohio’s Southeast submarket with proximity to I-480, I-271, SR-422 & SR-91.
6575 Davis Industrial Parkway is Chase Properties’ first industrial acquisition, as the company continues to expand by acquiring high quality real estate assets in attractive markets. According to Andy Kline, Chase Properties’ Co-CEO, “6575 Davis is an outstanding addition to our portfolio. We’re excited to strategically incorporate new asset classes into our portfolio of retail shopping centers. Solon, with its strong economy, growing employment base and convenient access to Northeast Ohio’s interstate system, is an ideal community to invest in. 6575 Davis is a terrific example of our strategy of buying high quality real estate located in stable, regional markets such as Solon. This acquisition is a great way to kick off an exciting 2019, during which we plan to continue acquiring high quality retail, industrial and multifamily properties.”
Chase Properties is a full-service owner and operator of commercial real estate located in 17 States throughout the Midwest, Southern and Eastern U.S. The company was founded in 1973. Currently, Chase Properties owns and manages 34 assets comprised of over 7 million square feet. Additional information can be found at www.chaseprop.com.