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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Term: 10 years
- Asset Address: 1001 Lakeside Avenue East, Cleveland, OH
- Tenant: Jones Day
- Brokers: Jared Friedman, David Gimple & David Gimple - Friedman Real Estate
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
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