This weeks NEO CRE Play of the Week goes to Neil Viny at The Dalad Group for his acquisition of Essex Place on Rockside Road. Dalad Group, who is already a major player in the Rockside market, added the 80,000 SF Class A office property to their portfolio. Currently at 80% vacancy, Essex Place was one of the casualties of the economic downturn and battered Rockside sub-market. We at the CREInsider applaud Mr. Viny's foresight and timing (not to mention financing) of this acquisition as market fundamentals continue to improve not only Rockside but across Northeast Ohio. With a $2.9 million purchase price he should be poised to make some very competitive deals. More on his acquisition was reported in Crains Cleveland this week. 
The Commercial Real Estate Insider
July 11, 2011
NEO CRE Play of the Week 7/4 - 7/8
This weeks NEO CRE Play of the Week goes to Neil Viny at The Dalad Group for his acquisition of Essex Place on Rockside Road. Dalad Group, who is already a major player in the Rockside market, added the 80,000 SF Class A office property to their portfolio. Currently at 80% vacancy, Essex Place was one of the casualties of the economic downturn and battered Rockside sub-market. We at the CREInsider applaud Mr. Viny's foresight and timing (not to mention financing) of this acquisition as market fundamentals continue to improve not only Rockside but across Northeast Ohio. With a $2.9 million purchase price he should be poised to make some very competitive deals. More on his acquisition was reported in Crains Cleveland this week. 
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