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Three-Building Office Site Offered for $13M

BEACHWOOD, OH-The 230,000-square-foot Commerce Park Square complex is only 60% leased, though it is along Chagrin Boulevard one mile west of I-271.

By Robert Carr | Updated on December 10, 2008

BEACHWOOD, OH-Renaissance Management LLC, a collection of investors, has put on the market a 230,000-square-foot office complex that includes tenants such as the Beachwood Chamber of Commerce, Time Warner Cable and others. Marcus & Millichap is handling the listing, with Commerce Park Square, which includes three buildings, being offered for $12.9 million.

Mike Barron, an associate VP with Marcus & Millichap, says the investors are nearing retirement age and just want to divest the property. The group has owned the complex since 1994, though the property was built in phases at the corner of Chagrin Boulevard and Green Road, just west of Interstate 271, since the late 1960s.

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