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Friedman Real Estate has arranged the sale of a three-property Gerber Collision & Glass portfolio in the Cleveland, Ohio, market. The assets were marketed and sold as a single portfolio, with Eric Hart and Marc Hildenbrand of Friedman Real Estate overseeing the transaction on behalf of both the buyer and the seller. The sale reflects ongoing investor appetite for automotive service-oriented retail in an established Midwestern market.
The portfolio is fully occupied by Gerber Collision & Glass, described as the second-largest collision repair company in the United States. This tenancy provides the properties with a stable income profile and supports the long-term value proposition for the new owner. The assets are located along established retail corridors, which offer strong visibility and access for customers, reinforcing the portfolio’s positioning within the local retail landscape.
Two of the properties are located in North Olmsted, at 26618 Brookpark Road and 4960 Dover Center Road. The third property is at 1151 W. Bagley Road in Berea. Each location benefits from being situated on prominent roadways within active commercial corridors, which is a key factor for collision repair and automotive service users that rely on convenient access and brand exposure. Taken together, the three buildings form a concentrated, service-focused retail portfolio within the broader Cleveland market.
Friedman Real Estate represented both sides of the transaction, coordinating the disposition on behalf of the seller and the acquisition on behalf of the buyer. Acting as intermediary for both parties, the firm leveraged its investment sales platform and market knowledge to complete the portfolio trade. While pricing and other financial terms were not disclosed, the successful closing adds to recent evidence of sustained demand for income-producing, necessity-based retail assets.
Headquartered in Farmington, Michigan, Friedman Real Estate is an active player in commercial real estate across the United States. The company manages more than 200 commercial properties totaling in excess of 18 million square feet, as well as more than 15,000 apartment homes nationwide. Its role in this Cleveland-area portfolio sale underscores the firm’s ongoing involvement in single-tenant and automotive-oriented retail investment activity.
The transaction highlights both the resilience of the Cleveland retail market and the attractiveness of automotive service tenants such as Gerber Collision & Glass to investors seeking durable cash flow. With long-term occupancy by a major national operator and locations along established retail corridors, the portfolio aligns with current investor interest in defensive, service-based retail assets that can perform across real estate cycles.
The post Friedman Real Estate Sells Three-Property Gerber Collision Portfolio in Cleveland Market appeared first on CRE Market Beat.
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