Dealmaker: Cushman & Wakefield Arranges $45.7M for Cleveland Office Property

(200 Public Square courtesy of Cushman & Wakefield)

Cushman & Wakefield, Chicago, arranged acquisition financing totaling $45.75 million for an office tower in Cleveland.

Cushman & Wakefield Managing Director Chase Johnson and Senior Financial Analyst Caleb Riebe, both based in Austin, Texas, represented the borrower in negotiating financing with a life company.

The building, 200 Public Square, is a 1.2 million-square-foot office tower. It was 63% occupied at closing, with 74% of the space occupied by Moody’s investment grade or AmLaw-rated tenants.

“It was a pleasure working with the sponsor to deliver a bespoke execution during an otherwise volatile market,” Johnson said.