NEW YORK, NY – The New York and Pittsburgh offices of HFF (Holliday Fenoglio Fowler, L.P.) have jointly closed the sale of North Point Office Complex, (top right photo) two buildings totaling 877,335 square feet in Cleveland, Ohio’s central business district.HFF senior managing directors Glenn Whitmore (top left photo) and Dave Nackoul, a
ssociate director Dan Byrnes and real estate analyst Tom Rieck led the investment sales team exclusively on behalf of the seller, a global financial institution.
ssociate director Dan Byrnes and real estate analyst Tom Rieck led the investment sales team exclusively on behalf of the seller, a global financial institution.HRPT Properties Trust purchased the complex for an undisclosed amount.
North Point Office Complex consists of five-story, 286,540-square-foot North Point I (Jones Day Building) and 19-story, 590,795-square-foot North Point II (North Point Tower).
Combined, the properties are 92% occupied by tenants including Jones Day (serves as its world headquarters), Wachovia Securities, United Healthcare and various United States Government departments and entities.
The buildings are connected via a nine-story atrium and share amenities including an 100-seat amphitheater, conference center, concierge desk, fitness center and restaurant with outdoor deck facing Lake Erie.
Situated on a nearly seven-acre site at 901 and 1001 Lakeside A
venue, North Point Office Complex is close to the Cleveland Browns football stadium, City Hall and the shores of Lake Erie.
venue, North Point Office Complex is close to the Cleveland Browns football stadium, City Hall and the shores of Lake Erie. A light rail stop across the street provides transportation to the Cleveland Hopkins International Airport, and Interstates 77 and 90 are a short distance from the property.
HRPT Properties Trust is a real estate investment trust, or REIT, which primarily owns office and industrial properties throughout the United States. As of March 31, 2008, HRPT owned $6.3 billion of office and industrial properties with approximately 65 million squ
are feet located in 37 states and Washington, D.C. HRPT is headquartered in Newton, MA.
are feet located in 37 states and Washington, D.C. HRPT is headquartered in Newton, MA.CONTACTS:
Glenn E. Whitmore, HFF Senior Managing Director, 212 245 2425, gwhitmore@hfflp.com
David A. Nackoul, HFF Senior Managing Director, 412 281 8714, dnackoul@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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