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CLEVELAND-The National Union Fire Insurance Co. of Pittsburgh, a subsidiary of AIG, is going to lease 41,443 sf at the 575,000-sf Penton Media Building in the financial district Downtown. The building is owned by KBS Realty Advisors, based in Newport Beach, CA.

The insurance firm will be moving its Great Lakes regional office to the building. With the lease, the building will be 88% occupied. The building is at 1300 E. Ninth St., and underwent a $7 million capital improvement project in 2006.

The company joins tenants such as PR Newswire, Hickman & Lowder law firm, HWH Architects, patent law firm Tarolli, Sundheim, Covell & Tummino LLP and Bonezzi Switzer Murphy Polito & Hupp Co. LPA at the 20-story building. KBS officials could not be reached for comment about the lease term or amount. Rental rates are at about $23.56 per sf, according to a second quarter report by Grubb & Ellis.

Jeffrey Liljeberg with Jones Lang LaSalle and Chandler Converse with CB Richard Ellis represented the tenant in this transaction. Brian A. Hurtuk with CBRE represented the owner.

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