CLEVELAND—Weber Wood Medinger first developed25800 Science Park Blvd. in suburban Beachwood 1989, and 25 yearslater, even after leaving the development business, it is stilldoing deals for the building's original anchor tenant. The companytransitioned into a pure advisory and brokerage services in the1990s, and has now, as Weber Wood Medinger/CORFACInternational, just negotiated a lease extension forAustin Powder, which currently occupies30,000-square-feet on the entire third floor.
Weber Wood Medinger occupies the building'sfirst floor. The lease was for 120 months at about $20 a foot. ATexas-based real estate trust owns the building, which sits in theEastside office market at Chagrin Blvd. and I-271.
Furthermore, WWM, which serves theNortheast Ohio, Western Pennsylvania and North America markets,also completed a lease renewal and extension on behalf ofAleris 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 severalother transactions in the US. The Aleris lease is also for 120months at about $20 a square foot.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
