Cushman & Wakefield | CRESCO Real Estate selected as exclusive leasing agent for Post Office Plaza
Cushman & Wakefield | CRESCO Real Estate is pleased to announce its appointment as exclusive leasing agent for the iconic Post Office Plaza located in downtown Cleveland.
Forest City Realty Trust, affiliated with the ownership of Post Office Plaza, and CRESCO Real Estate have worked together on a number of transactions recently, including the recent disposition of the Terminal Tower, the 52-story landmark skyscraper, on Public Square.
“We are delighted to have the opportunity of working on this important project with the talented team at Forest City” said Rico Pietro, a Managing Partner at CRESCO Real Estate.
Activity in the central business district of Cleveland is vibrant. Three hundred residential units will be added to the Terminal Tower by 2018, while several large office tenants are currently seeking prime office space in downtown Cleveland, including Forest City. The timing of the engagement could not be better for Cushman’s Cleveland office.
“With its large floor plates, sky-lit atrium lobby and connectivity to Public Square, Tower City, and public transportation, Post Office Plaza represents a unique opportunity to accommodate the space requirements of a number of large office tenants, including a corporate headquarters,” said Bill Saltzman, Executive Vice President and Director of Office Services for CRESCO Real Estate. He added, “We are honored to have been awarded this important assignment.”
“It’s such an exciting time in Cleveland! We are pleased to have such a well-connected team of real-estate professionals
representing our interests in this market,” said Jim LaRue, Director of Asset Management and Property Oversight.
About Forest City Realty Trust, Inc.
Founded in 1920 and based in Cleveland, Ohio, Forest City’s diverse portfolio includes hundreds of exceptional properties
located throughout the United States. Forest City Realty Trust, Inc., an NYSE-listed national real estate company principally engaged in the ownership, development, management and acquisition of commercial and residential real estate throughout the United States.
About Cushman & Wakefield | CRESCO Real Estate
Cushman & Wakefield | CRESCO Real Estate is one of Greater Cleveland’s most respected commercial real estate firms.
CRESCO is an independently owned and operated member of the Cushman & Wakefield Alliance. Their scope of services
includes: the sale and lease of commercial, industrial and office properties, land acquisition and development, site selection and build-to-suits, property valuation, property management, consulting services, corporate services and tenant/landlord/ buyer/seller representation. To learn more, visit http://www.crescorealestate.com or follow @CRESCO_RE on Twitter.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. C&W’s 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of
agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset
management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
For more information regarding the Post Office Plaza, please contact Bill Saltzman.
Call us today at 216.520.1200 to find out more about how we can help you.