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Cushman & Wakefield Arranges $45.75M in Acquisition Financing for Cleveland Trophy Office Tower

Bailey Webb • 4/16/2024

Chase Johnson and Caleb Riebe with Cushman & Wakefield’s Austin-based Equity, Debt & Structured Finance Team Represent Borrower in Financing for 200 Public Square 


CLEVELAND, April 12, 2024 – Cushman & Wakefield announced today that the firm arranged acquisition financing totaling $45.75 million for 200 Public Square in the Cleveland CBD. 

The Cushman & Wakefield team in the office in Austin, including Managing Director Chase Johnson and Senior Financial Analyst Caleb Riebe, represented the borrower in negotiating financing with a life company. 

The Cushman & Wakefield team in Austin, including Office Managing Director Chase Johnson and Senior Financial Analyst Caleb Riebe, represented the borrower in negotiating financing with a life company.


Located in the Cleveland CBD, 200 Public Square is a 1.2 million-square-foot office tower that was 63% occupied at closing, with 74% of the space occupied by Moody’s investment grade or AmLaw-rated tenants.  

“It was a pleasure working with the sponsor to deliver a bespoke execution during an otherwise volatile market,” Johnson said. “This transaction exemplifies our ability to offer our clients a full suite of financing solutions and unparalleled capital markets expertise. Despite challenging market conditions in the office sector, we are thrilled to have procured a flexible balance sheet solution for our client. This execution aligns with the sponsor's business strategy, enabling them to act decisively and execute their business plan.” 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com

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