Thursday, August 16, 2018


The Galleria and Tower at Erieview, 1301 East Ninth Street,
Downtown Cleveland, OH

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Galleria and Tower at Erieview, a 760,339-square-foot, premier high-rise office building and 93,663-square-foot retail center in downtown Cleveland’s business district.



Jamie Fink
The HFF team represented the seller and procured the buyer, KRA Management.

The Galleria and Tower at Erieview is located at 1301 East Ninth Street in the heart of Cleveland’s central business district. 

This “Main and Main” location places the property within walking distance of all downtown amenities and attractions, including Playhouse Square, the Warehouse District, The Flats, Public Square and Gateway. 

 Additionally, the asset’s location along the primary avenue in Cleveland’s Financial District provides it with superior connectivity to Interstates 90, 71 and 77, and easy access to Cleveland Hopkins International Airport. 

Bryan Rosenberg
 The 40-story mixed-use property is the fourth tallest building in Cleveland and features an array of amenities, including sweeping views of Lake Erie, indoor heated parking, and a 40,000-square-foot YMCA fitness facility that has a three-lane lap pool, yoga and spinning studios and a spa/wellness clinic. 

The retail portion of the complex is a glass-enclosed, two-story urban retail center that offers a mix of retail stores as well as a food hall. 

The HFF investment advisory team representing the seller included directors Bryan Rosenberg and Patrick Shields, and senior managing directors Jaime Fink, Jeffrey Bramson, John Merrill and Doug Rodio.

Patrick Shields
“The Galleria and Tower at Erieview is an iconic project in Downtown Cleveland with tremendous potential,” Rosenberg said. “We are excited to watch the transformation.”

KRA Management is a family owned and operated real estate development and property management business that was founded by James Kassouf in 1972. 

The Kassouf family owns over 20 acres of real estate in Downtown Cleveland, a chain of gas stations, approximately 1.33 million square feet of retail, and multiple office buildings in Downtown Cleveland. 

Metro Parking System’s, an affiliate of KRA, has been an industry leader since 1972.  Through its history, Metro Parking Systems has operated more than 51 parking lots and garages with over 12,000 parking spaces across 4 states.


For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990


No comments: