Wednesday, December 27, 2023

Downtown Cleveland skyscraper sells cheap

Downtown Cleveland’s Huntington Building, also called 200 Public
Square, is the city’s third-tallest skyscraper at 658 feet. The Class-A
office property sold for a discounted amount owing to the challeng-
ing office market in the wake of the pandemic and the growth of
remote working (KJP). CLICK IMAGES TO ENLARGE THEM.

According to a well-placed source, Downtown Cleveland’s third-tallest skyscraper is under a purchase agreement from a New York City-based buyer. The 45-story Huntington Building, also known as 200 Public Square, has seen its share of challenges since the pandemic and the rise of remote working nearly four years ago as other office properties have. That is one reason why the building has reportedly sold for a vastly discounted rate.

READ MORE

No comments:

Post a Comment