REDEVELOPMENT PROJECT UNDER WAY IN CLEVELAND

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CLEVELAND — The former Lincoln-Mercury Dealership, located at 6700 Rockside Road in Cleveland, is being redeveloped into a retail center named Liberty Commons. The 24,792-square-foot center will be occupied by Panera Bread, Dibellas Old Fashioned Submarines and Key Bank. The center is expected to open in spring 2011. The 4.6-acre property was sold to an undisclosed local developer. Armand Aghajanian of CRESCO Real Estate represented the seller, Liberty Investment Group, in the transaction. The sales price was not released.

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