NELA

What is a pioneering industrial park worth?In East Cleveland, $5 million.Public records show that's what Phoenix Investors paid for Nela Park, the 92-acre property best known as the home of GE Lighting. The sale closed May 4, but…

Nela Park, the East Cleveland landmark often described as the nation's first industrial park, has been sold to a Milwaukee-based real estate firm.An affiliate of Phoenix Investors closed Wednesday, May 4, on the purchase of the 92-acre…

CLEVELAND, Ohio — The owner of GE Lighting, once part of General Electric and a major employer in the region, said Wednesday that it plans to sell historic Nela Park in East Cleveland to an affiliate of a Milwaukee-based real estate…

GE Lighting will continue to exist at the Nela Park property after signing a long-term lease. The holiday lighting tradition at Nela Park will continue. EAST CLEVELAND, Ohio — Nela Park, the home of GE Lighting and…

CLEVELAND, March 9, 2022 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a national private commercial real estate firm headquartered in Milwaukee, Wisconsin, has reached a definitive purchase agreement to acquire Nela…