Carnegie Companies is proud to announce the acquisition of a single tenant property in Painesville, OH. The property is leased 100% to Bloom Medicinals. Carnegie successfully negotiated a lease extension on the asset during due diligence and the investment provides a double digit unleveraged return with the stability of a proven MSO in the cannabis [...]
Carnegie Companies is pleased to announce the sale of a second outparcel (apx 1 acre) at Meadowview Square, a Wal-Mart anchored retail shopping center in Kent, Ohio. Carnegie sold the outparcel for the development of a free-standing corporate Taco Bell. This sale and development will add additional traffic and momentum to the shopping center and [...]
Carnegie Companies is pleased to announce the phased sale of 5 additional residential townhome lots in Fraser, CO. This sale represents the 2nd tranche in a lot takedown agreement with our Colorado based development partner. The sale will return apx 94% of Carnegie’s original basis in the deal and leave Carnegie with 11 additional townhome [...]
Carnegie Companies is proud to announce the acquisition of Erie Canal Commons in Rochester, NY. This multi-tenant retail property is the definition of a “daily needs center,” with restaurants, salons, financial services, exercise, and nutrition and alcohol retailers all housed together, and adjacent to residential neighborhoods, an office/lab park, and a large hospital system. The [...]
Carnegie Companies is pleased to announce the sale of approximately 9 acres in Ripley, NY. Carnegie has owned the property and enjoyed stable cash flow for over 20 years. Carnegie was approached by a travel center / gas station operator and successfully negotiated the sale of the site for the future development of an ONVO [...]
