LOS ANGELES, CALIFORNIA, UNITED STATES, September 21, 2021 /EINPresswire.com/ -- DealPoint Merrill, a nationwide developer, closes on The Shops at Pearl & 130th, consisting of a 155,805 square foot shopping center in Parma Heights, Ohio. The property is centrally located in a dense residential and retail corridor with easy access to highways and is close to Cleveland Hopkins International Airport. DealPoint Merrill plans a $10 million renovation that is expected to commence the first quarter of 2022. This will be the fourth major construction project launched by DealPoint Merrill in the Greater Cleveland area. DealPoint Merrill's executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence for the sale. Jason Limbert and Tyler Bendicksen completed the acquisition and underwriting.