Reserve Office Park

2035 Crocker Rd.

Westlake Ohio 44145

Lat: 41.460340 Long: -81.948920

CONTACT

Michae DiFranco

Michael DiFranco

216.736.8000

michael@difrancoCRE.com

  • DEVELOPMENT UPSIDE: Up to 35,000 sf office expansion ability with in place parking, utilities and plans.

  • CROCKER PARK: Directly across from over 120 acre site with 150 + shops and restaurants, 1mm + square feet of retail, 725,000 sf of high end office, 534 luxury apartments, 110 room Hyatt hotel and over 20 MILLION visitors per year.

  • TENANT MIX: Currently 95.71% (Actual) occupancy including S&P 500 (Moody’s rated A3) Ameriprise holdings as well as Ohio’s largest independent
    mutual bank, First Federal of Lakewood.

PROPERTY HIGHLIGHTS

  • MARKET DEMAND: Very few opportunities to break into existing market with high demand and consistent new development and redevelopment i.e. Corporate Circle Drive and Westbay Plaza.

  • TENANT TERM: Roughly 70% of Tenants have lease term beyond year 2023
    making this a
    SOLID AND STABLE ASSET

  • REPLACEMENT RENTS: Current rents are comparatively low to the market.

  • EFFICIENT HVAC SYSTEM: High end, closed water pump, sourced HVACsystem allows tenants to have individual control over unit temperatures.

DEMOGRAPHICS

1 Mile
Population
8,370
Avg HH Income
$122,163
Households
3,805
3 Mile
56,395
$121,525
22,703
5 Mile
130,606
$105,051
53,505

NEIGHBORS

  • Starbucks

  • Lululemon

  • Fidelity

  • Apple

  • H & M

  • PNC

  • UBS

  • Huntington

  • Fidelity

  • Nordstrom Rack

  • Dicks Sporting Goods

  • LA Fitness

  • American Greetings HQ

  • University Hospitals

  • Duck Brand HQ

  • Hyland Software

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