The 200 Public Square office tower, originally built as a headquarters for Standard Oil, is up for sale.
The 200 Public Square office tower, downtown Cleveland’s third-tallest building, is on the market now that its owners are trying to sell the building. Plain Dealer file photoCLEVELAND, Ohio — A fixture of Cleveland’s skyline is now on the market with the owners of the 200 Public Square office tower are looking for a buyer.
The 45-story tower, often still called the BP Tower or Standard Oil Building by Clevelanders, is owned by DRA Advisors, a New-York based firmCBRE spokesman Justin Luera confirmed that the building is being listed, but did not disclose the building’s asking price. He said the building is currently 66% leased.
Property records do not show what the building sold for in 2018. The office tower holds more than 1.2 million square feet of space and includes a parking garage with about 750 spaces. At 658 feet, 200 Public Square is Ohio’s fourth tallest building, just a few below Cincinnati’s Great American Tower and below two other buildings on Public Square - the Key Tower and the Terminal Tower , according toIt was initially built in 1985 by the Standard Oil Co. as a headquarters, and later became the North American headquarters for BP after it bought Standard Oil. BP sold the building in 1996 when it relocated its headquarters.
The building is being sold at a time where companies and their workers are still figuring out how often they should
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