Weber Wood Medinger Completes Five Leases for North American Dental Group
Pittsburgh, PA (September 22, 2015) – Weber Wood Medinger/CORFAC International announced that Blair Wood, SIOR and Kevin Riley, CCIM, have completed five lease transactions on behalf of North American Dental Group, which does business with different brand names in different communities though they are all retail dental offices.
The leases in medical office buildings averaged 2,500 square feet per location and were for locations in Maumee, Kent, Medina, and Willoughby Hills, Ohio, while one of the leases was completed in Pittsburgh, PA.
The Medina deal was a new lease in a new facility. Refresh Dental (one of the aforementioned, different brands under the North American Dental Group umbrella) plans to take occupancy of the Medina location in the third quarter this year. The other transactions were renewals.
While the details of the leases could not be disclosed, the Weber Wood Medinger brokers representing North America Dental Group report that they negotiated an approximate 15 percent rent decrease in the four renewal transactions.
About Weber Wood Medinger
Since 1968, Weber Wood Medinger (WWM) has provided an extensive range of real estate services to corporations and investors locally, nationally and internationally by working with a ‘best-in-class’ business model and partnering with the most qualified real estate professionals in multiple markets to represent its clientele. The Beachwood, OH-based company has represented more than 30 Cleveland-area companies in selecting headquarters facilities for their respective businesses and in a variety of methods, including lease, acquisition, build-to-suit development and ground-up construction. The company opened its Pittsburgh office last year. The firm’s principals have expertise in corporate consulting, strategic planning, tenant representation specializing in office, R&D and industrial properties, marketing, transaction analysis and landlord representation. For more information visit www.wwmrealestate.com or call 216.464.7100.