OVERVIEW

Built in 1974, this iconic medical and office building has prime highway (I-271) exposure in the affluent and growing east side suburb of Beachwood. Located along Chagrin Boulevard and immediately visible from I-271, Orangewood Place hosts various professional and medical tenants. The property features a large surface lot with 414 spaces and a 150-car underground garage. Its standout feature is a 5-story central glass atrium, flooding the common areas with natural light and providing access from 4 sides of the building. Tenants benefit from nearby amenities, including Pinecrest, an award-winning mixed-use development. The 128,729 SF building is currently 88% occupied, offering significant upside for new ownership to fill vacancies and increase income potential. Recent investments include new elevators, a new roof, parking garage stabilization, waterproofing, and new concrete walkway and sidewalks on frontage of the property. Upgrades include restrooms, lobby, parking lot, and lighting. Orangewood Place combines an unbeatable location, strong tenant roster, fantastic upside potential, and premium asset quality in Cleveland’s most active and affluent office market.