JRW Realty Closes on Sam’s Club Property in Cleveland Area

PASADENA, Calif.--(BUSINESS WIRE)--JRW Realty is pleased to announce that it has closed on a 139,333-square-foot single-tenant property occupied by Sam’s Club in Bedford, Ohio. Sam’s Club is a division of Walmart, which has an investment-grade rating of AA and backs the property’s NNN lease.

JRW Realty's analyst Nathan Webb facilitated the transaction of the property under the guidance of Joel Staffilino, president of multi-tenant retail. Matthews Real Estate Investment Services represented the seller in the transaction.

“Our team is dedicated to identifying properties in strong locations that are occupied by creditworthy net-leased tenants to serve our buyer’s acquisition needs,” said Staffilino. “We are happy to have sourced another strong property in the Cleveland market and look forward to completing future transactions for properties throughout Ohio.”

“Sam’s Club has committed to creating an enhanced shopping experience at this property through a forthcoming remodeling project, which will further increase the property's value for our client,” said Webb. “It was a pleasure working with the Matthews Real Estate Investment Services team, and we are looking forward to completing more successful transactions with them in the future.”

The single-tenant property meets the acquisition criteria of JRW Realty’s buyers, who have a strong appetite for acquiring grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics. JRW Realty’s streamlined closing processes enable its team to close transactions in as short as 28 days after going under contract, and the firm’s relationship-based approach to net-lease-focused real estate has enabled JRW Realty to source over 13 million square feet of property for its clients since 2012.

About JRW Realty

JRW Realty is a commercial real estate brokerage firm that has closed over $3 billion in transactions across over 850 properties on behalf of its clients. JRW Realty’s team places special focus on due diligence, reviewing over 100 properties each week, and only chooses to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.