Carnegie Companies is pleased to announce the sale of a 0.88 acre outparcel at Bagley Commons Shopping Center in Berea, OH. Carnegie acquired Bagley Commons in 2012, as a deep value-add acquisition. Since acquiring the property, Carnegie has leased the property to 100% occupancy with a very healthy tenant mix consisting of: medical, service oriented, restaurant, and fitness users. Upon stabilizing the property, Carnegie was able to return over ½ of the original acquisition basis of the shopping center via the outparcel sale. Carnegie looks forward to welcoming Taco Bell on the outparcel in the coming months!
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