The Van Aken District delivered 60,000 sq. ft. of prime Class A office space with plenty of amenities including restaurants, walkability, and a light-rail station. The mixed-use development reinvigorated Downtown Shaker Heights and should continue to see strong leasing activity.
In June, New Jersey-based Rugby Realty announced its purchase of the AECOM Centre in Downtown Cleveland. The company plans to renovate various spaces in the 20-story building including the lobby, conference spaces, and elevator bays.
Hyster-Yale Materials Handling expanded their footprint in Landerbrook Point, taking up a total of 40,325 sq. ft. as of May.
Cleveland’s Class A market continues to outperform the overall market in just about every metric, continuing the “flight to quality” CBRE has observed quarter over quarter.