Thursday, June 1, 2023

New company amassing Cleveland properties

Once the site of the Leisy Brewing Co. and known more recently as the
Caraustar recycling plant, this property at the northeast corner of Fulton
Road and Vega Avenue in Cleveland has sold to a new, enigmatic com-
pany called Sanctus Capital LLC that apparently has deep pockets. It is
one of many property acquisitions by Sanctus in the past year (Google).
CLICK IMAGES TO ENLARGE THEM

A deep-pocketed company less than two years old and based in suburban Westlake has been busily acquiring residential properties in Cleveland, primarily on the city’s West Side. And last week, the company, Sanctus Capital LLC, made its biggest purchase yet — a 5-acre parcel at 3400 Vega Ave. sold by Caraustar Recovered Fiber Group Inc. that was home to Leisy Brewing Co., once Cleveland’s largest independent brewery.

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