Namdar, Mason Acquire Cleveland Office Tower

Namdar Realty Group and Mason Asset Management, a Long Island-based real estate investment partnership, have purchased 200 Public Square, a 1.26 million-square-foot, Class A, commercial office tower in Cleveland, Ohio.

“We are very fortunate to have acquired such an iconic building in a way that will allow us to strategically invest in its future,” said Dan Dilmanian, COO, Namdar Realty Group. “Our strategy is aimed at enhancing the building’s appearance, amenities, and aging infrastructure. We are also focused on leveraging our national retail experience to breathe new life back into its atrium, which we hope will not only enhance the tenant experience but also contribute to the vitality of Public Square and the growing residential neighborhood.”

The partnership has developed a five-year capital plan to further modernize and strategically reposition 200 Public Square. Priorities of the plan include expanding the building’s retail amenities, upgrading the lobbies and common area space and modernizing the building’s elevators. 200 Public Square currently has 357,767 square feet of available office space being marketed for lease by Colliers.

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