CLEVELAND—Weber Wood Medinger first developed 25800 Science Park Blvd. in suburban Beachwood 1989, and 25 years later, even after leaving the development business, it is still doing deals for the building's original anchor tenant. The company transitioned into a pure advisory and brokerage services in the 1990s, and has now, as Weber Wood Medinger/CORFAC International, just negotiated a lease extension for Austin Powder, which currently occupies 30,000-square-feet on the entire third floor.

Weber Wood Medinger occupies the building's first floor. The lease was for 120 months at about $20 a foot. A Texas-based real estate trust owns the building, which sits in the Eastside office market at Chagrin Blvd. and I-271.

Furthermore, WWM, which serves the Northeast Ohio, Western Pennsylvania and North America markets, also completed a lease renewal and extension on behalf of Aleris International at 25825 Science Park Dr. Aleris, a publicly-traded aluminum products and recycling company, leased 57,000-square-feet. Wood has assisted Aleris on several other transactions in the US. The Aleris lease is also for 120 months at about $20 a square foot.

Alan Wood, a principal with Weber Wood Medinger, represented both corporations in the lease negotiations. He has managed some 35 separate transactions for Austin. Many of them have occurred in Tennessee in a land-assemblage project that he managed when Austin, a mining, construction and seismic explorations manufacturing and services conglomerate, was looking for a new manufacturing facility.