June 30, 2011
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced that Lamar Companies and Real Capital Solutions acquired Fairview Center Shopping Center in Fairview Park, Ohio. Terms of the agreement were not disclosed.
"Fairview Center is the second closing we have completed with Real Capital Solutions; this partnership has been a big benefit to us and it allows us to execute on our strategy," said Lamar President Mark Kalkus. "We plan on improving occupancy, adding to an already strong tenant mix and excellent demographics just outside of Cleveland."
Sharon Eshima, President of Real Capital Solutions added, "we have been pleased with Lamar’s analysis of projects and have confidence that this is another project that will bear fruit for our partnership. We are pleased that W.G. Nielsen & Co. introduced our organizations."
Blake Nielsen, who led the deal for W.G. Nielsen & Co., summed it up: "Lamar continues to locate projects that have real value and we could not be happier about the Real Capital Solutions and Lamar partnership. We expect these projects to increase in frequency and are glad to have provided Lamar, our client, with a win-win outcome."