Meridian Capital Group, LLC, recently negotiated $127 million in mortgage financing on behalf of Harbor Group International for its class-A office building located at 200 Public Square in Cleveland, Ohio.
The 10-year CMBS loan was provided by J.P. Morgan Chase and features a highly competitive interest rate. The proceeds of the loan were used to refinance the property’s existing CMBS financing. Meridian executive vice president Aaron Birnbaum and managing director Ronnie Levine, both based in the company’s New York City headquarters, negotiated the transaction.
The 45-story, 1.2-million-square-foot office tower is located in downtown Cleveland at 200 Public Square, where it occupies the full block between Superior and Euclid Avenues at Fifth Street. The property spans 2.75 acres and features an eight-story atrium and 757-space adjacent parking facility.
