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Land Resources / News / Ohio
First Interstate finishes purchase of former Oakwood Club property in Cleveland Heights
Source: Cleveland.com, by Michelle Jarboe McFee
First Interstate Properties has purchased the rest of the former Oakwood Club, opening up the prospect of development on 90-plus acres in Cleveland Heights. The real estate company, based in Lyndhurst, paid $2.2 million for the property in a deal that closed Tuesday. Developer Mitchell Schneider and his partners exercised an option to buy the land in March, but the transaction took months to close as First Interstate focused on a rezoning battle in neighboring South Euclid. October 18, 2011
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