Tuesday, December 27, 2022

Postmortem on Medical Mutual’s HQ decision

Medical Mutual of Ohio’s headquarters since 1947 has been in the
Rose Building
 in downtown Cleveland. Located at East 9th Street
and Prospect Avenue, the building will be vacated starting next
month (KJP). CLICK IMAGES TO ENLARGE THEM.

The decision for Medical Mutual of Ohio to abandon its downtown Cleveland headquarters for suburban Brooklyn was apparently less of a strategic move and more of a matter of which city’s public incentives got used first. And according to a local real estate insider, it was a short-term decision that could end up biting the Fortune 1000 company and downtown in their hind ends in the long term.

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