Terry Coyne, vice chairman, and Richard Sheehan, managing director, with Newmark Grubb Knight Frank recently closed the sale of the Huntington Building in Cleveland for $22.5 million.
The 1.4-million-square-foot Huntington Building is located at 925 Euclid Ave. in downtown Cleveland.
Coyne and Sheehan represented the seller, Optima925, LLC. The buyer was Hudson Holdings, LLC, a Florida-based real estate developer. Hudson has appointed Newmark Grubb Knight Frank’s Cleveland office as exclusive leasing agents and property manager for the building.
Hudson Holdings plans an extensive redevelopment of the building. The 29-floor building is Cleveland’s largest multi-tenant office building. It was built in 1924 and last renovated in 1991.
