Somera Road – In the News
Commercial Real Estate Direct, March 5, 2019 – “Somera Road Keeps Chasing Opportunities as Defaults in CMBS Dwindle“
Daily Memphian, February 12, 2019 – “FedEx Logistics, The Clipper are variations on a Downtown theme of live-work-play“
Commercial Appeal, February 12, 2019 – “FedEx Logistics moving headquarters to former Gibson Guitar building in Downtown Memphis“
New York Times, February 12, 2019 – “FedEx Logistics Establishing New HQ in Downtown Memphis”
Kansas City Business Journal, February 11, 2019 – “City Center Square owners seek Port KC incentives for redevelopment“
St. Louis Business Journal, January 29, 2019 – “Investor sees potential in center that was one of St. Louis’ most delinquent properties“
Kansas City Business Journal, January 29, 2019 – City Center Square’s new owners secure $60M for renovations
Kansas City Business Journal, January 15, 2019 – “Somera Road buys City Center Square“
Pittsburgh Commercial Real Estate News, January 7, 2019 – “Meet the investor that bought the debt of the SouthSide Works”
Modesto Bee, January 5, 2019 – “New owners of Century Center want to woo Trader Joe’s to east Modesto with your help”
Cleveland.com, December 4, 2018 – “HomeGoods, a national off-price retailer, will open store at Royalton Collection in Strongsville”
Cleveland.com, November 27, 2018 – “Strongsville software-payroll firm to occupy former Medical Mutual building on Ohio 82”
The Modesto Bee, November 21, 2018 – “Once an east Modesto magnet, Century Center gets second shot with new ownership”
The Wall Street Journal, November 14, 2018 – “Rich Investors Eye Tax-Favored Development Funds”
The Real Deal, October 31, 2018 – “Somera Road is latest firm trying to raise $500M to invest in Opportunity Zones”
Nashville Post, October 29, 2018 – “Developer to acquire disputed Gibson property”
The Wall Street Journal, October 23, 2018 – “Opportunity Is Coming to a City Near You”
Cleveland.com, August 27, 2018 – “Construction of new office-retail development, Royalton Collection, scheduled to begin soon on Ohio 82 in Strongsville”
Somera Road – Press Releases
Gibson – Memphis, February 12, 2019 – Somera Road + Orgel Family LP Announce Expansive New Class-A Office and Full-Service Hotel Development
Century Center, November 1, 2018 – Somera Road, Inc. Acquires Century Center in Modesto, California
Opportunity Zones, October 28, 2018 – Somera Road Raising Capital to Invest in Opportunity Zones
Gibson – Church Street, Nashville, October 28, 2018 – Somera Road, Inc. Acquires Former Gibson Guitars Warehouse in Nashville
Northstar Center, March 21, 2018 – Future of Northstar Center Solidified by New York Real Estate firms
Southfield, Austin, October 30, 2017 – Somera Road, Inc. Secures 142,000 Square Foot, 9-Story Southfield Office Building in Off-Market, All Cash Transaction