Medina-based Pleasant Valley Corp. has acquired NAI Daus of Beachwood and NAI Cummins of Akron, adding the firms to its existing commercial real estate services to create NAI Pleasant Valley. The company also announced that the local property management function of NAI Global would be handled by the newly formed NAI Pleasant Valley Property Management.
- NAI Pleasant Valley will be the Northern Ohio affiliate office of NAI Global, a global commercial real estate brokerage firm.
- Principals of NAI Pleasant Valley are Gino Faciana and Barbara Faciana, Co-CEOs of Pleasant Valley Corp., and Alec Pacella, former managing partner of NAI Daus, now president of NAI Pleasant Valley.
- Jill Dzina will be vice president of property management for NAI Pleasant Valley Property Management.
- Terms were not disclosed.
FOR IMMEDIATE RELEASE Media Contact: Kurt Kleidon, 330-666-5984 Kurt@kleidon.com PLEASANT VALLEY CORPORATION ALIGNS WITH TWO NAI GLOBAL OFFICES, LAUNCHES REAL ESTATE BROKERAGE NAI PLEASANT VALLEY FOR NORTHERN OHIO Separate Real Estate Operation is Formed by Combination of Cleveland’s NAI Daus and Akron’s NAI Cummins, Will Serve Markets in Seven Counties Pleasant Valley Corporation Also Establishes NAI Pleasant Valley Property Management as National Service for Property Owners MEDINA, Ohio, January 17, 2019—Pleasant Valley Corporation (PVC) announces that it is aligning its commercial real estate services with the Northeast Ohio real estate brokerage offices of NAI Global, thereby creating NAI Pleasant Valley, Northern Ohio’s largest, most reputable and active industrial real estate brokerage. NAI Pleasant Valley will provide commercial real estate services, worldwide. Locally, it serves Cleveland and Akron and the surrounding counties of Cuyahoga, Summit, Portage, Lorain, Medina, Lake, Geauga and Ashtabula, with expanding service for other regions of northern Ohio as well. NAI Pleasant Valley offers an extensive range of brokerage services, including feasibility studies and management. To comprise NAI Pleasant Valley, PVC’s current commercial real estate operations will be combined with those of the former brokerages NAI Daus and NAI Cummins. The new NAI Pleasant Valley is the Northern Ohio office of NAI Global, leading global commercial real estate brokerage firm. NAI Pleasant Valley brings together the skills and experience of the two former NAI offices in Beachwood and Akron, the dynamic growth and breadth of services of sister company PVC, and the worldwide service network of NAI Global. (NAI Pleasant Valley is a separate entity from PVC.) NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs, locally and globally. NAI local offices consistently rank in the top tier among the competition as measured for both local and global execution of commercial real estate service to clients. The principals of NAI Pleasant Valley are Gino Faciana and Barbara Faciana, Co-Chief Executive Officers of Pleasant Valley Corporation, and Alec Pacella, former managing partner of NAI Daus, now President of NAI Pleasant Valley. Gino Faciana said, “We are very happy to announce this new venture, which brings together significant pools of real estate talent and experience to serve commercial markets in Northern Ohio. NAI Pleasant Valley is the regional leader in providing high quality services and properties, having served the area’s industrial, commercial, office, retail and investment real estate property needs for more than 40 years.” Alec Pacella said, “This is an exciting moment for everyone involved. Our people know commercial real estate and they know the markets. With three great real estate operations brought together and backed by NAI Global’s capacity, this is the start of great things.” Like other NAI Global offices, NAI Pleasant Valley is a strong, local firm within a cohesive global brokerage organization actively managed for peak performance. In this structure NAI Global corporate leadership team aligns with local offices under a shared strategic vision and plan that focuses on delivery of the highest quality service to their clients. As part of the NAI Global network, NAI Pleasant Valley has the resources, skills and local knowledge to source new acquisitions all over the world, analyze a local investment or development project, position a property for sale or contemplate a disposal strategy. NAI Pleasant Valley Property Management is New Property Management Division of Pleasant Valley Pleasant Valley Corporation also announced that the local property management function of NAI Global would reside within its operations as NAI Pleasant Valley Property Management. This reflects the national management network which PVC deploys for facilities management and construction across the U.S., as well as the expertise of NAI Global and its offices in property management on behalf of property owners. Services include project leasing, management services, investment services and research. Owning and investing in property spans many property types and interests, from business owners looking to invest in their own single facility, to institutions with multiple assets in markets around the world. NAI Pleasant Valley Property Management can help clients at any scale, in every part of the property ownership life cycle. Jill Dzina will be Vice President of Property Management for NAI Pleasant Valley Property Management. Entities in New Structure are Local and Global The entities involved in the new ventures are: Pleasant Valley Corporation (PVC): 40+ year-old construction, real estate, and facilities management company, based in Medina, Ohio. NAI Pleasant Valley: new, large commercial real estate brokerage that is the Northern Ohio office of NAI Global, serving seven counties and combining the former functions of NAI Daus and NAI Cummins with the commercial real estate operations of PVC. NAI Pleasant Valley Property Management: new, national property management arm of PVC, drawing on the expertise of NAI Global as well as PVC’s national management experience. NAI Global: international network of commercial real estate with 210 offices and more than 7,000 professionals around the world. NAI PLEASANT VALLEY is headquartered at the Medina County corporate offices of PLEASANT VALLEY CORPORATION, with its Cleveland brokerage on Chagrin Boulevard in Beachwood and Akron brokerage on White Pond Drive in Akron.