CLEVELAND—Hertz Investment Group recently completed its purchase from TIER REIT of Fifth Third Center in Cleveland and has decided to retain JLL as the leasing agent for the trophy office tower.
Tenants currently occupy about 78% of the 508,397 square-foot building, but Andrew Coleman, JLL senior vice president, tells GlobeSt.com that the downtown market is undergoing a transformation that is driving a lot of leasing activity.
As reported in GlobeSt.com, since 2011 the metro area has seen billions of dollars flow into new healthcare, hospitality, multifamily, office, industrial and retail development. Major projects include downtown's Cleveland Convention Center and the adjoining Global Center for Health Innovation, formerly known as the Medical Mart.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
