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1001 Lakeside Avenue East

Jones Day Renews 10-Year Lease For 382019 SF Office At North Point Tower In Cleveland
LEASEDOffice

Jones Day Renews 10-Year Lease For 382019 SF Office At North Point Tower In Cleveland

1001 Lakeside Avenue East

Building Size

382,019 SF

Asset Type

Office

Closing

Aug 21, 2025

AI

The property asset involved in this transaction is located at 1001 Lakeside Avenue East in Cleveland, OH. It is classified as an office space with a total square footage of 382,019. The tenant involved in this lease transaction is Jones Day, which has renewed its lease for a duration of 10 years. The lease encompasses space across both the 1001 and 901 Buildings at North Point Tower.

Summary of transaction details:

Friedman Real Estate’s Jared Friedman and David Gimple represented the landlord in this lease transaction, facilitating the renewal for Jones Day at North Point Tower. The representation emphasizes the partnership between the brokerage and the landlord in securing this long-term agreement.

Players

Jared Friedman

Friedman Real Estate

Broker

2 deals

Broker
Friedman Real Estate
Friedman Real EstateBrokerage

Cleveland Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93