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INDEPENDENCE, OH-Life Line Screening is now able to stretch its legs, with an agreement to move into 30,000-sf floor at the 140,000-sf Park Center Plaza II office building here. The company, which provides community-based preventative health screenings, was in three separate locations in about the same amount of space at an office building in Garfield Heights, OH. The second floor at Plaza II allows a more wide-open office environment. The company will move to its new headquarters space in the third quarter.

Scott Pick and Brian Conroy, VPs with UGL Equis, were assisted by associate Kevin Yates in representing the tenant in the deal. Pick says the company wanted to stay in the South Cleveland submarket, and liked the location and prestige of the three-building Park Center office complex. The site is right at the intersection of Route 77 and Interstate 480. “It’s great that you can get this type of deal. This area is very manufacturing heavy, but they’re trying to grow the health and wellness sector,” Pick tells GlobeSt.com.

The Plaza II building, owned by Duke Realty Corp., is about 90% leased with this transaction, Conroy says. “Total vacancy in the area is about 15%,” he tells GlobeSt.com. “This is a small submarket. Total office space in the Cleveland area is a little over 30 million sf, but this submarket is only about four million sf. Here, a large block of space is anything over 15,000 sf, and they’re challenging to come by.”

The two would not provide the lease rate for the deal. The asking rate ranges from $23 to $25 per sf, according to Duke’s Web site. According to Grubb & Ellis market data, since the East submarket’s Class A space is about 7% vacant, more companies are looking to move into the South Cleveland area.

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