CLEVELAND - Industrial Commercial Properties LLC has announced the acquisition of the building built by The Plain Dealer Publishing Company located at 1801 Superior Avenue in downtown Cleveland, Ohio. If the company sounds familiar, they also own the rights to the IX Center and are also in charge of the development of the Geauga Lake District. The building will be used as an office building. You can find more about their plans for the building below.
1801 Superior Avenue was built and owned by The Plain Dealer Publishing Company in 2001 and more recently has been marketed as a multi-tenant, Class A office building. The property is one of only two office buildings constructed in the Cleveland’s Central Business District in the last 20 years. "Over the last few years, we have been diversifying our portfolio with office acquisitions, retail conversions and mixed-use developments. This one is special as this world-class facility is our first entrée into Downtown Cleveland," said Chris Semarjian, owner of ICP. "The expertise of our team at ICP is set up for projects like this. The timing is fantastic as many companies are working toward upgrading their space amenities to entice employees back to the office. The long-term commitments of Sherwin Williams to downtown and CrossCountry Mortgage to the Superior Arts District make this an even more attractive opportunity." "As Clevelanders, we are thrilled to be one of the agents of change for downtown as the postpandemic office market heats up," said Austin Semarjian, vice president of leasing and acquisitions for ICP. "It is such a great location, with significant onsite parking, unique for downtown buildings. We hope to add to the positive momentum of Downtown Cleveland and the Superior Arts District." Industrial Commercial Properties LLC | 6675 Parkland Boulevard| Suite 100 | Cleveland, Ohio 44139 |icpllc.com Rob Roe, managing director and Joseph Messina, senior managing director of JLL, marketed the building for the seller, Advance Ohio, an affiliate of The Plain Dealer Publishing Company.
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