Gordon Brothers has been retained to lead the sale of the 925 Euclid Avenue building, a historic office property in downtown Cleveland known as the Huntington Building.
The nearly 1.5 million-square-foot, 21-story building was completed in 1924 and designed by Graham, Anderson, Probst & White. The mixed-use property includes a large bank lobby featuring marble columns, a glass canopy and murals by artist Jules Guérin.
The property is being positioned for potential redevelopment, with options including mixed-use conversion, hospitality, residential or office repositioning.
“The 925 Euclid building is a truly exceptional asset with the scale, history and presence to attract broad market interest,” Jim Avallone, senior managing director, real estate at Gordon Brothers, said. “Its architectural significance and premier downtown location make this a unique opportunity to reimagine one of Cleveland’s most notable properties.”
“I am pleased to have retained Gordon Brothers to spearhead the sale of the 925 Euclid building. Their experience with complex, court-supervised transactions and large-scale historic assets makes them uniquely qualified for this assignment,” John K. Lane of Inglewood Associates LLC, receiver for the property, said. “I look forward to working collaboratively with Gordon Brothers, Deutsche Bank and Cuyahoga County to return this iconic building to productive use and restore it to the prominence it once held within the city.”
