chi-key center (3) The downtown’s new energy has attracted investors. Key Center is the most recognizable property in the market, and was recently sold for $267.5 million.

CLEVELAND—Office investors from across the US have discovered that the demand for space in Cleveland’s CBD has created opportunities. The reported $187 million price tag of this week’s blockbuster sale of 200 Public Square, a 1.3 million square foot tower, just continues the trend.

That works out to about $146 per square foot, a big number for Cleveland, and bested only by the sale of 1.3 million square foot Key Tower in early 2017 for a gross sales price of $267.5 million.

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.

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