Mar
28
The Avenue Shops at Cleveland’s Tower City Center Commands $56.5M
ByThe three-story, 366,000-square-foot property encompasses more than 100 retailers and restaurants, plus an 11-screen movie theater.
Tower City Center, Cleveland
Cleveland—Bedrock Real Estate Services, a Dan Gilbert-related company, recently acquired The Avenue Shops at Tower City Center in the heart of downtown Cleveland. The seller, Forest City Realty Trust, reported the sale price of $56.5 million, which also includes approximately 3,300 parking spaces.
The three-story, 366,000-square-foot retail asset located at 230 W. Huron Road encompasses more than 100 retailers and restaurants, in addition to an 11-screen movie theater. The Avenue Shops saw completion in 1990, having been redeveloped by Forest City Enterprises, which converted the historic Cleveland Union Terminal its current use as a shopping mall. The development sits right above Cleveland’s main RTA rail station…
The Avenue Shops at Cleveland’s Tower City Center Commands $56.5M
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