Industrial Commercial Properties expands Solon holdings with $3.5M deal

STAN BULLARD     Crain’s Cleveland Business CoStar Industrial Commercial Properties paid $3.5 million to buy the building at 6680 Parkland Blvd. in Solon through a Cuyahoga County receivership’s sale. Industrial Commercial Properties (ICP), a Solon-based property owner with a portfolio extending from Detroit to Pittsburgh, often searches far for acquisitions. But its latest deal was across…




Industrial Commercial Properties LLC acquires 182 acres in Wixom, Michigan

Industrial Commercial Properties LLC (“ICP”), a Cleveland-based commercial real estate development company, has announced the acquisition of 182 acres of land in Wixom, Michigan, formerly the site of the Ford Wixom assembly plant.  The seller was Boston-based Trident Barrow. Christopher Semarjian, the owner of ICP, commented, “This is a major milestone for the continued redevelopment…


Lichter and Semarjian buy shuttered Walmart in Bedford

The massive Walmart Supercenter in Bedford was acquired Friday, Nov. 17, by real estate developers Chris Semarjian and Stuart Lichter. The business partners recently sold much of the former Randall Park Mall site, after demolishing the mall, for construction of an Amazon fulfillment center, one of their many massive industrial real estate projects over the…