Vacant CBD Office Tower located in an Opportunity Zone

Investment Highlights

• Strategic location within a designated Opportunity Zone provides preferential tax treatment
• As the largest of only five contiguous big block vacancies >100,000 RSF within downtown Cleveland, the Property is uniquely suited to accommodate the evolving space needs of major corporate users
• Unencumbered blank canvas allows for immediate implementation of modern, health-conscious workplace design
• Poised to capture continued significant suburban to urban migration trends within downtown Cleveland equating to over 830,000 RSF since 2015

The Offering

Jones Lang LaSalle (JLL) and RealINSIGHT Marketplace are proud to present the opportunity to acquire the fee simple interest in 45 Erieview Plaza, a 492,864 RSF office building and adjacent 348-stall public parking garage located at 1180 Lakeside Avenue (collectively the “Property” or the “Offering”).  Located within a designated Opportunity Zone, 45 Erieview Plaza provides an investor a unique competitive advantage and the ability to immediately implement modern health-conscious workplace design on behalf of tenants seeking to entirely rethink their space needs.

Centrally located within the Nine Twelve District of downtown Cleveland, the 17-story office building was originally constructed as a Fortune 100 build-to-suit in 1983, and contains an additional 32 underground executive parking stalls.  As the largest block of contiguous office space in downtown Cleveland, and the largest block of contiguous unoccupied space within a 750 mile radius, the Property is now vacant and is well positioned to capture continued demand from tenants migrating from the suburbs into the urban core.

Property tours are available by request and are being scheduled.  Please contact the JLL team to schedule a tour.