CLEVELAND, OH, Dec. 8, 2008– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced it represented Harbor Group International in the lease of 96,000 square feet of office space at 200 Public Square (top right photo) in downtown Cleveland to Huntington Bank.Alex Jelepis, senior vice president, Office Group, facilitated the lease, which has a term of 20 years.
Huntington will occupy the sixth and seventh floors of the 45-story tower, which will serve as its regional headquarters, plus a portion of the 11th floor and street-level retail space.
“With various mergers, acquisitions and bankruptcies, this building has seen a turnover of over 500,000 square feet since the year 2000,” said Jelepis. “The fact that the building is now 90 percent leased shows how strong a product the building is.”
Originally built in 19
85 as the corporate headquarters for Standard Oil of Ohio, 200 Public Square was renamed the BP America Tower in 1987 when British Petroleum purchased the remaining 45 percent of Sohio and merged its North American holdings to form BP America, Inc.Jelepis has been the building’s exclusive leasing agent since 1996, when it was acquired by Equity Office Properties. He brokered the sale of building to Harbor Group in 2005 for $142 million and has handled the leasing for them since then.
Contact: Erin Mays, Phone: 312.698.6735. Email: erin.mays@grubb-ellis.com
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