CLEVELAND (Jan 6, 2025) — Mixed-use investor, developer, and operator Trademark Property Company (Trademark) has been selected to oversee leasing and management efforts at Beachwood Place, a 977,613-square-foot enclosed shopping center in Beachwood, Ohio, an affluent suburb of Cleveland. With the firm’s national track record of success in thoughtful retail repositioning, Trademark will apply its expertise to placemaking and remerchandising initiatives throughout the property.
“Beachwood Place is an icon among the Cleveland market’s retail offerings, with a nearly 50-year history as a top shopping destination in the community,” said Kevin Kessinger, President and Chief Operating Officer at Trademark and part-time Cleveland resident. “Our team could not be more excited to apply a thoughtful remerchandising strategy that reflects our shared vision with ownership to bring fresh perspectives to the center. Beachwood Place has an opportunity to reestablish itself as a destination where community and connection are emphasized, the retail and F&B mix are in context and complementary, and the guest experience is upgraded. As someone who frequents Beachwood Place with my family, I’m particularly excited to see enhancements take shape.”
Anchored by Dillard’s, Nordstrom, and Saks Fifth Avenue, Beachwood Place is the only location for full-line Nordstrom and Saks stores in Northeast Ohio. Additional tenants include Sephora, TUMI, Zara, Coach, MAC Cosmetics, Bath & Body Works, Aveda, American Eagle, and H&M. In addition to enhancing the retail mix with in-demand retailers, Trademark’s merchandising strategy will also focus on elevating the F&B experience.
As part of its placemaking efforts, Trademark will identify areas of the mall that are ripe for improvement to bring new energy to the center. Trademark is also working with a local consultant, Maria Macali of Fleurish Strategy and Marketing, to advise on event programming adjustments and other marketing initiatives.
“We have an optimistic vision for the future of Beachwood Place,” said Erick Klafter, Senior Vice President of Property and Asset Management at Trademark. “Beachwood Place remains a strong community fixture, and we’re confident this will become even more clear as we begin to make progress on our forward-looking strategy.”
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About Trademark Property Company
Trademark Property Company is a full-service real estate firm focused on investments, development, and institutional services of retail, multifamily, office, and mixed-use properties. Fort Worth, Texas-based Trademark has invested in, developed, or redeveloped 24 million square feet of mixed-use, multifamily, and retail assets worth $5 billion. Including projects recently awarded, Trademark’s experienced team of more than 200 employees is currently operating a 20-property retail and mixed-use portfolio, totaling over 10 million square feet across the country, and is actively advancing two development projects. A three-decade leader in navigating the changing mixed-use real estate landscape, Trademark’s purpose is to be extraordinary stewards, enhance communities, and enrich lives. For more information, visit www.trademarkproperty.com or interact on Facebook, LinkedIn, and Instagram.