JLL Cleveland Chart of the Week
1
2014 a banner year for capital markets in CLE Cleveland • Capital markets activity surged in the fourth quarter with a number of transactions involving out of town investors, including the $26.5 million sale of Northeast Ohio's largest suburban office park. A Canadian investor group purchased the Summit Office Park from an affiliate of Aegon, a lender that has owned the Independence properties since 2009. The sale involved nearly 500,000 square feet of office space. The Canadian group plans to renovate the lobbies and other shared spaces in the buildings, known as Summit One, Two, Three and Four. At the time of sales the portfolio was 69 percent occupied. Source: JLL Research, Crain’s Cleveland Chart of the week: January 5, 2015 $86 $57 $43 $129 $157 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 2010 2011 2012 2013 2014 Office Sales Volume ($, Millions)
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Transcript of JLL Cleveland Chart of the Week
2014 a banner year for capital markets in CLE
Cleveland
•Capital markets activity surged in the fourth quarter with a number of transactions involving out of town
investors, including the $26.5 million sale of Northeast Ohio's largest suburban office park. A Canadian
investor group purchased the Summit Office Park from an affiliate of Aegon, a lender that has owned the
Independence properties since 2009. The sale involved nearly 500,000 square feet of office space. The
Canadian group plans to renovate the lobbies and other shared spaces in the buildings, known as
Summit One, Two, Three and Four. At the time of sales the portfolio was 69 percent occupied.
Source: JLL Research, Crain’s Cleveland
Chart of the week: January 5, 2015
$86
$57
$43
$129
$157
$0 $20 $40 $60 $80 $100 $120 $140 $160 $180
2010
2011
2012
2013
2014
Office Sales Volume ($, Millions)
