Cooper Group Arranges $7.8M Sale of Washington Center Mixed-Use Property Near Cleveland

CHAGRIN FALLS, OHIO — The Cooper Commercial Investment Group has arranged the $7.8 million sale of Washington Center, a mixed-use property comprised of retail, flex and warehouse space in in Chagrin Falls/South Russell near Cleveland. Bob Havasi and Dan Cooper of Cooper Group represented the seller, whom the duo has worked with on multiple transactions in the past. The sales price represented a cap rate of 7.7 percent. Washington Center is comprised of 67,530 square feet and sits on 5 acres. Long-term tenants have consistently exercised renewals.