UPDATE: Brunswick’s Industrial Area Is The Place To Be

We are pleased to report that the vacancy at 1261 Industrial Parkway in the wonderful city of Brunswick, Ohio, has been leased to a company that you may have heard about before, Peterbilt. Peterbilt is a highly respected manufacturer of trucks and truck parts and we are grateful to count them in the Weston family of tenants. With some improvements to the space and a long term lease, Weston and Peterbilt were able to negotiate a situation that worked for both parties. We’ve been so successful with this location that the building is now 100% occupied.

Jeff Kennedy was our rep from Weston – if you haven’t met Jeff, you’re missing the boat – feel free to reach out to him for all of your real estate needs. He has been in the business for years and has a vast amount of knowledge to share and will be happy to share with you all of the other locations that we have available in our portfolio.

Weston is one of the largest privately held real estate companies in Cleveland and beyond so feel free to contact us with any questions you may have. And welcome to Peterbilt.

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Brunswick’s Industrial Area Is The Place To Be

brunswick1brunswick2brunswick5This Brunswick industrial building is located at 1261 Industrial Parkway in the heart of the thriving industrial district, just minutes from I-71. It is a multi-tenant facility with 29,030 SF available. Featuring 18’ clear heights, 2 docks and a drive-in, the space is extremely functional and can accommodate a variety of uses.

Brunswick is a city known for its dynamic growth on both the residential and industrial side by being business friendly and offering excellent incentive packages, and its outstanding location gives businesses direct access to I-71. The location, the workforce, and the community are the reasons that businesses look to maintain an address within these borders.

Owned and managed by Weston, where our mission is to be the Best Landlord In Town, the space is professionally managed, clean, and has been and continues to be well-maintained. The unit is available now; for a tour of the space contact us at 440.349.9000.

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Weston Welcomes Jeff Kennedy as Director of Transactions

FOR IMMEDIATE RELEASE

Jeff Kennedy, Director of Transactions, Weston Inc.

Jeff Kennedy, Director of Transactions, Weston Inc.

Cleveland, Ohio, December 29, 2016 — Jeff Kennedy has joined Weston Inc. as the Director of Transactions.

In his new position, Kennedy will oversee the leasing and marketing of available spaces throughout Weston’s expanding portfolio. In addition, his responsibilities include assisting existing tenants in their lease renewals, developing strong relationships with economic development directors and other community leaders, and maintaining Weston’s strong ties and reputation within the brokerage community.

Kennedy was most recently a Director at Newmark Grubb Knight Frank in Cleveland and has over 12 years’ experience as a real estate salesperson. His accomplished career saw him involved in hundreds of transactions, from 2,400 square feet to his largest transaction of 1.4 million square feet. On top of his ability to source and advance a business deal, Kennedy gained widespread attention for his innovative marketing efforts.

Weston is Northeast Ohio’s largest privately held industrial building owner and manager with over 600 tenants in approximately 12 million square feet of space in 9 states. Founded in 1972, it is a second generation commercial real estate business led by the Asher Family. For more information about Weston and Jeff Kennedy, log on to http://www.teamweston.com .

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Weston Making Strides with Boss Pro-Karting on Brand-New Facility

The bustle of construction workers and their equipment is all that can be heard standing alongside the partially built facility on Brookpark Road. This austere structure will soon become home to Boss Pro-Karting, the racing retreat center that will provide a unique and exciting go-karting experience. The exterior of the 36,000 square foot facility is in the process of being completed, leaving the interior wide open. While being inside the facility and surrounded by nearly finished walls and an enormous ceiling, the space takes on a powerful appeal.

The might of the structure itself was matched with the welcoming arms of the Copley family, John, Joel, and Brad, who are working together in the completion of the project. John is overseeing the operation from a fatherly position, possessing a welcoming and trustworthy aura. Joel, the overseer of construction, and Brad, the future operator of the business, seem to have inherited both their smiley faces and fluorescent personalities from their dad. Together, these three men make the seemingly perfect team and are always on the same page.

When the facility is completed, it’s going to function with multiple purposes. Along with the option to arrive and drive, Boss Pro-Karting can facilitate corporate meetings, team building events, leagues, and many more special event options. There will be conference rooms, catering, and the main racetrack to compliment the various uses. Through this, the karting experience stretches far beyond mere thrill. The bonding and camaraderie that racing provides is utilized and readily made accessible.

Boss Pro-Karting is projected to open in the beginning of August. Clearly, there is plenty of work still, but the Copley family seems to be the right fit in getting it done.

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The renderings of the future home to Boss Pro-Karting

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The current state of the 36,000 sq. ft. facility in Brookpark, OH

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The Skylights Have Been Placed

exteriorAs many of you are aware, Team Weston is getting ready to move our corporate offices to a new location. We bought Overlook Court, located one building north of where we are now on Richmond Road, and we are currently experiencing the chaos of building out our offices in our newly purchased facility.

This week, the skylights in our new space have been cut in. There are four above the cubes, one over the collaboration area, and one in the development area. It’s like the sky has opened up – there was always some light coming in with the large windows, but now there is a huge amount of light travelling through the space.

One of the goals for the build-out that we maintained all along is to achieve more natural light. Studies show that there is a direct correlation between the amount of natural light and productivity. To me, it just makes us all feel better! With the use of skylights, low cubes, and glass, this goal will be achieved.

Stay tuned, I will post another update next week. Thanks for sharing in my excitement.

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153 Hayes Drive is Looking Good and Available for Lease

153 Hayes Drive

153 Hayes Drive
Brooklyn Heights, OH 44131

Brooklyn Heights  44131
23,700 Total Square Feet
600 Square Feet of Office
4 Docks
20′ Clear Height
Freestanding!
Central location, near I-480, I-77, and SR. 176.
This is a high-image, freestanding, fully sprinklered facility in the heart of Brooklyn Heights’ industrial district. It is centrally located and within minutes of I-480, I-77, and SR.176.Don’t forget to watch the video walk through of the property.Let us know how we can help! Visit our website, and send us an email or give us a call to get through the space.
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And The Competition Is On

 

Weston Inc.

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Rob Namy and Chris Grobelny, two of Weston’s rainmakers, have volunteered to consult a group of students competing in The ULI Gerald D. Hines Student Urban Design Competition. Now in its 12th year, this program offers graduate-level students the opportunity to form multidisciplinary teams and engage in a challenging exercise in responsible land use.

Given a two week deadline, the teams of five students each from many different schools across the country are charged with designing a development plan for a real, large-scale site full of challenges. Cleveland, OH, in particular, was represented by 5 teams through a coalition between Case Western Reserve University, Kent State, and Cleveland State University. This year, the students will design a development around the adjacent properties surrounding the chosen location for the Nashville Sounds Baseball Stadium in Downtown Nashville, TN.

Large format presentation boards are created that include drawings, site plans, tables, and market-feasible financial data. Although ideas are submitted without any future expectation of idea acceptance, each team does compete for the final prize of $50,000 ($5,000 of which goes to their school) and four teams make it to the finals and receive $10,000 each.

ULI’s goal is to raise awareness and interest among our future leaders in forming better communities, improving development patterns, and the need for multidisciplinary solutions to development and design challenges.

Rob and Chris have advised students in the past with last year’s team receiving an Honorable Mention. Let’s root for them to bring home a winner again this year.

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Mace Security International Sets Up Shop At a Weston Facility

A big Weston Welcome to all the folks at Mace Security! We are fortunate to have them as our customer at our new warehouse that was for lease at 4400 Carnegie Avenue in Cleveland’s Midtown area. As one of Weston’s newest tenant, Mace Security International was the focus of a recent article featured in The Plain Dealer.  Featured writer Michelle Jarboe McFee explains how Mace (maker of many security products but best known for their pepper spray) went through some growing pains and re-emerged as a power house and are making their corporate headquarters right here in downtown Cleveland.  We look forward to working with Mace, and are thankful for the recognition and opportunity they bring to Cleveland.

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Top 10 Most Frequently Used Commercial Industrial Real Estate Terms

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The language of commercial industrial real estate is a dialect unto itself. Unless you have a need to speak the language on a regular basis, the terminology can be as foreign to you as speaking in tongues. In an effort to help translate, below are definitions for the most often used words when you are considering signing a commercial real estate lease.

Lease Rate – This is quoted as the annual cost per square foot of a commercial industrial real estate location. For example, if the lease rate quoted is $5.00 per square foot and the size of the warehouse is 10,000 square feet, then the rate is $5.00 x 10,000 square feet, or $50,000 per year. Divide $50,000 by 12 to get your monthly rate of $4,166.67.

Base Rent – The minimum rent of the Lease Rate, net of Tenant Improvements.

Triple Net Lease – Many times the Lease Rate is quoted as a triple net lease, or, for example, $5.00 per square foot NNN. This means that the lease rate is quoted net of taxes, insurance, and Operating Expenses. Some lease documents refer to it as Additional Rent. In the case of the example above where the monthly rate is quoted as $4,166.67, there are additional costs on top of that to cover for the net charges. This can potentially be beneficial for a tenant because if the landlord can get their operating costs down during the year, the savings will be passed along to the tenant.

Gross Lease – This is a lease where the Net Charges, or Additional Rent, is built into the monthly lease rate, so the tenant ultimately pays a flat sum of agreed upon charges.

Utility Costs – Although we all know what utility costs are from home ownership, it is a lease standard for a tenant to pay the utility costs directly to the provider. It is aside from Additional Rent and Operating Expenses.

Lease Term – This is the length of time that a tenant is legally bound to pay rent. Most landlords prefer a longer lease term. And, the longer the lease term, the more negotiating power there is for the tenant.

Lease Agreement – A legally binding agreement between a Landlord and a Tenant where the Owner or Lessor gives the right of possession to a Tenant or Lessee under mutually agreed upon terms.

Operating Expenses – The costs associated with running commercial property. The expenses may include but are not limited to real property taxes, property insurance, landscaping, snowplowing, building maintenance, and all mechanical and electrical systems. As discussed above, tenants pay their own utility expenses directly to the provider. Refer to your lease for a full and complete description of everything that a lessee is responsible for.

Pro-Rata Share – This is the proportionate share of the building that the tenant occupies and therefore the share of the Operating Expenses that the tenant is required to pay.

Tenant Improvements – Tenant Improvements (or Leasehold Improvements) are enhancements or work done to a space that is specific to a tenant’s use. A Lease Agreement may or may not have improvements included. Generally speaking, the costs of the improvements are incorporated into the monthly lease rate.

There they are. Confusing at times when you don’t have a need to use them. If you have any questions at all, please feel free to contact us at 440.349.9000 or http://www.teamweston.com.

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14 Tips to Letting Your Customers Know That Your Business Has Moved

Getting ready to relocate? Here are some quick tips to letting your customers know in advance about your new location, so that they have no trouble finding you:

2 Months Before Moving Day

1.  Order new letterhead – This can be done well in advance of the actual moving date. And if you have a relationship with your printer, they will probably store it for you so that you can pick it up after you relocate to avoid having to move it twice.

2.  Flag your website – Add a banner to your website with a notice about your move. Leave it a little bit obscure by saying, “New location coming soon” or “Our business is expanding…stay tuned for information”.

3.  Social media – Alert your customers about your impending move via your social media channels. Again, be a little bit vague with a Coming Soon message.

4.  Signage – Design signage for your new location, so that on the day of your move it can be seen by your customers. Also, post a sign in your current operation for customers to see when they stop by.

1 Month Before Moving Day

5.  Press release – Take some time to craft a well-written press release, or leave it to a professional. You can distribute it yourself or use a service like PR Web. If you circulate it yourself, send it to as many media services as you can.

6.  Postcard – Take time to design and mail a postcard to your customers with a “We’re Moving” description, the date of your move, and your new address.

7.  Add a note to your invoices – If you send out bills, post a note that is easily noticed on the invoice, or add a letter to the envelope with the details of your move.

8.  Place an ad – If the budget allows, place an ad in relevant places for your customers to see. Choose from TV, radio, or printed journals, whatever your customers will read.

9.  Social media – you can begin using a firm date in your social media posts.

10. Email – send an email to your customers with the details of your move.

Post Moving Day

11. Grand opening party – begin plans for a grand opening party to celebrate your new location. If you choose you can hand out collateral marketing items to reconfirm your new address.

12. Google+ – Claim your new location on Google+.

13. Social media – You can now shift to the We’ve Moved post.

14. Email – if you choose you can reinforce your move with another email. Or, perhaps it can be combined with the grand opening invitation.

Whatever the reason for your business move, following these tips will ensure that your transition is a smooth one, and most importantly, that your customers can find you. Putting your name out in the marketplace via social media and email announcements just reinforces your branding as well, moving your business onward and upward.

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