Monday, February 5, 2024

Downtown Cleveland skyscraper sold to NY firm with big retail portfolio

In a sale due to close next month, a New York-based real estate investment
firm is near to taking possession of downtown Cleveland’s third-tallest sky-
scraper, 200 Public Square. Separately, a parking company is buying the
tower’s garage, not visible behind the building (Adam Greene).
CLICK IMAGES TO ENLARGE THEM.

According to two sources, Downtown Cleveland’s third-tallest skyscraper has been sold to a New York-based company that has more than its share of cheap or faded retail properties including many in Ohio. But the parking garage for the skyscraper, 200 Public Square, was reportedly sold separately to a buyer in Chicago that owns downtown parking properties nationwide, one of the sources said.

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