"This asset presents an excellent opportunity for an investor to acquire a newly constructed, premier corporate headquarters occupied by a high-credit tenant with international exposure in one of the prime Northeast Ohio office submarkets," says Dan Burkons, associate vice president of investments.
Veyance holds a 10-year lease, with the two five-year extension options.
The property holds three buildings; a 50,437-square-foot office building, a 43,286-square-foot Innovation Center and a 4,122-square-foot connector building. The property, located at 703 S. Cleveland Massillon Rd., was completed in 2008.
The owner, Fairlawn Office Park One LLC will now be represented by Marcus & Millichap's Burkons, as well as senior associates Scott Wiles and Erin Wiles-Patton, and associate Aaron Snyder.
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