McCarthy Lebit Signs Deal to Move Headquarters from Tower City to Cleveland’s Central Business District
While the COVID-19 pandemic has, in some cases, disrupted what was a strong commercial real estate market in downtown Cleveland, the law firm of McCarthy Lebit Crystal & Liffman Co., LPA, has announced a significant deal to relocate their downtown Cleveland headquarters this summer. On Wednesday, May 5, the firm formally signed a lease with Zamir Equities to occupy nearly 27,000 square feet of office space – the top two floors – at 1111 Superior Avenue, a 28-story Class-A office building in the heart of Cleveland’s Central Business District.
“We are very excited to start a new chapter of the firm’s history in one of the most recognizable buildings in downtown Cleveland,” said Robert T. Glickman, Managing Principal of the firm. “Not only will we have plenty of space to accommodate the growth plans we have for the firm, but our clients and staff will benefit from the building’s unique and breathtaking lakefront views and modern conveniences. It’s definitely going to be different for us.”
Celebrating the deal as the firm’s public expression of confidence in the local commercial real estate market and a symbol of leadership to companies still debating their own investment in commercial real estate, the 60+ year old law firm expects to complete its relocation in late summer of 2021. For the last 32 years, the firm has been headquartered on the 18th floor of the Midland Building in the Landmark Office Towers of Tower City. In recent years, finding ways in the current office space to accommodate the firm’s growth has been a challenge.
“We’ve grown a lot over the last several years, with plans to continue growing, so it was time to upgrade our offices and take on space that will help us deliver more for our clients,” explained President Kenneth B. Liffman, who helped lead the firm’s relocation search. “We’re getting really terrific new office space and we’re reinvesting in the local economy. It’s an exciting time to be a part of McCarthy Lebit.”
The firm’s lease of the new space is termed at just over 11 years. They were represented in the deal by Allegro Real Estate Brokers & Advisors. Zamir Equities, which has owned 1111 Superior since 2018, was represented by Kowit & Company Real Estate Group, as well as Ziegler Metzger, LLP.