Nassimi Realty Acquires Medina Grande Shoppes

New York, NY - Nassimi Realty, a New York-based real estate development company, has acquired Medina Grande Shoppes, a 150-000 s/f retail complex in Medina, OH.

The retail center is anchored by Ashley Furniture, Joanne Fabrics and PetSmart. The purchase price was not disclosed.

“Medina Grande Shoppes has an excellent tenant mix and we have a great deal of confidence in our ability to fill its vacancies,” said Oliver Nassimi, vice president of Nassimi Realty. “This is our third property in Ohio, and it will make a valuable addition to our portfolio.”

Situated 33 miles south of Cleveland, Medina is home to a number of nationally prominent employers such as Owens Corning, 3M and Tempur Sealy International. The city is surrounded by numerous four-year and two-year colleges and universities.

The seller of the property, the Zaremba Group, was represented by Richard Frolik of the Oak Brook, IL office of CBRE.

“The Nassimi Realty team performed perfectly and kept to a very tight time schedule without any hiccups,” said Mr. Frolik. “They were a pleasure to work with.”

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