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Sequoia Realty brokers big deal for food-business incubator in Cleveland

Sequoia Realty brokers big deal for food incubator,ph01

Patrick Dowd, vice president of Sequoia Realty Corp., brokered the sale of 7501 Carnegie Avenue in Cleveland, Ohio, to Cleveland Food Hub, which will use the 137,670-square-foot facility for a food-business incubator and food manufacturing and warehousing space.

To help close this sale, Sequoia networked within the broker community. Through this networking, it was Eliot Kijewski of Cushman & Wakefield|CRESCO Real Estate who was able to secure a buyer for the property.

The 7501 Carnegie property, which features 137,670 square feet of temperature-controlled food-grade space, is located in Cleveland’s MidTown district. The new facility, purchased by entrepreneurs Gordon Priemer and Eric Diamond, will house their innovative new venture, the Cleveland Food Hub.

The Food Hub will house tenants including Priemer’s and Diamond’s existing Cleveland Culinary Launch and Kitchen, currently located at 2800 Euclid Ave. CCLK was formed in 2018 to help launch or grow local food businesses by offering fully equipped shared commercial kitchen space, business support, classes and workshops, mentorship and networking opportunities. The new facility will not only house the incubator, but also offer manufacturing, food co-packing and warehousing for local craft food entrepreneurs.

Additionally, there will be retail space along Carnegie. Tenants who are already signed on for the space include Souper Market and Cleveland Bagel.

Construction on the facility is underway, and the first tenants are set to move in on May 1.