Cuyahoga County Eyes 250,000-SF Headquarters Space
By Adrian Maties, Associate Editor
In a planned series of moves that promise to make a collective splash in the Cleveland real estate market, the Cuyahoga County government is in the hunt for 225,000 square feet for a new headquarters and another 200,000 square feet for record storage. In addition, the county also plans to put 13 properties on the auction block.
The county will post three request for proposals on its procurement website, on Monday, July 23, asking for proposals to lease or build two buildings as well as bids from property owners and developers.
Finding a new county headquarters is the number one priority. Cuyahoga County is open to buying or leasing space in the central business district to house 700-plus county workers. The availability of parking and access to public transportation are both musts. For a prospective lease, the county wants a 20-year deal with options to renew. The county is targeting the first quarter of 2014 for move-in.
Also on the agenda is identifying 200,000 square feet of storage space within five miles of downtown Cleveland to hold county archives and other records. Cuyahoga County’s archives are housed in a 130-year-old Victorian mansion on Cleveland’s West Side.
Last but not least, the county will put 13 properties up for sale, including land, vacant and occupied office buildings, a former neighborhood center and maintenance facilities. The properties total 1.6 million square feet and include:
- The Ameritrust Complex – At 831,000 square feet, the largest of the properties;
- The Administration Building;
- Courthouse Square;
- The Hamilton Garage;
- The Marion Building;
- The Superior Auto Title building;
- The Whitlatch Building;
- The former Juvenile Court Complex;
- The County Archives;
- The Brentwood property;
- The Fitch Road Yard;
- A former neighborhood center in the Glenville neighborhood;
- A former MetroHealth facility at 2500 East 79th St. in Cleveland.
CBRE Group Inc. is representing the county. A bidder’s conference is planned for August 7, and the county also plans to hold open houses at all the properties. Submissions are due September 14 with deals expected to close by the end of the year.
Charts courtesy of Marcus & Millichap.Tags: Acquisitions/Dispositions, Brokers, CBRE, Cleveland, Cleveland Lead Story, Commercial Real Estate, Leasing, Local, Office, Policy, Regional