GOODMAN BROKERS $47M SALE OF SHOPPING CENTER

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MAYFIELD HEIGHTS, OHIO — Goodman Real Estate Services Group has brokered the $47 million sale of a 371,748-square-foot shopping center in Mayfield Heights, a suburb of Cleveland. Golden Gate Shopping Center is located at 1625 Golden Gate Plaza. Tenants include Marshalls, Golf Galaxy, h.h. Gregg, PetSmart, Jo-Ann Fabric and Craft, OfficeMax, Cost Plus World Market and K&G Menswear.Hornig Capital Partners LLC, a New York -based privately held real estate investment company, purchased the property as part of a joint venture with B&D Holdings and Hutensky Capital Partners. Kyle Hartung and Jim Becker of Goodman Real Estate Services Group, and Jacob Fedder of CBRE, represented the seller, Forest City Enterprises and an undisclosed partner.

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