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News release

CLEVELAND, OH

KeyCorp Renews Commitment to Cleveland, Signs Long-Term Lease at Key Tower


CLEVELAND, Ohio, Apr. 22, 2013 – KeyCorp (NYSE: KEY), announced it has signed a 15-year lease for 487,000 square feet of office space in its namesake high rise in downtown Cleveland, Key Tower. The new lease will become effective July 1, 2015, and represents the largest corporate headquarters “green lease” transaction to-date in the United States, according to public records.

KeyCorp Chairman and CEO Beth Mooney commented:  “With this important agreement, Key is affirming our commitment to Cleveland and our intent to maintain a vibrant presence in the heart of the city’s downtown. With this step, together with our presence in the Higbee Building and our branches throughout the city, we continue to invest in a sustainable and healthy workplace for our employees, and a branch and online network that aligns with the needs and priorities of our clients.”

The building, owned by Columbia Property Trust, will continue to be named for Key. KeyCorp was represented by Mark W. Collins, regional director, for Jones Lang LaSalle (JLL) and Robert J. Roe, JLL managing director in Cleveland.
The lease at Key Tower extends KeyCorp’s commitment to maintaining its headquarters in downtown Cleveland to June 2030. In addition to the newly-inked lease at Key Tower, KeyCorp also occupies three floors of the historic Higbee Building at 100 Public Square.  In total, the company currently bases approximately 2,500 employees in downtown Cleveland. As part of the new lease, Key will be making a multi-million dollar investment to upgrade its presence in Key Tower, combined with similar investments in the Higbee Building and within its Tiedeman campus in Brooklyn, Ohio.

Key’s goal is to create a state-of-the art work environment that maximizes space requirements in the three locations, supports the bank’s commitment to sustainability, and reduces overall occupancy expenses. As part of its ongoing workplace strategy, the bank is continuing to reduce its square-foot-per-employee ratio through updated workplace environments designed to drive collaboration and productivity while reducing operating costs.

The “green lease” is part of a long-term commitment from Key to provide leadership in sustainable business practices. KeyCorp occupies more LEED®-certified space than any other private sector company in Cleveland, according to public information including U.S. Green Building Council® records. Key Tower is LEED Gold certified by the LEED for Existing Buildings rating system; Higbee Building is LEED Gold certified, and both the Tiedeman campus and a suburban data center are LEED Platinum certified by the Existing Buildings rating system.

KeyCorp’s new lease with Columbia Property Trust includes agreements related to an environmental management plan, building commissioning, recycling, environmental performance reporting, alternative energy, sustainability tax credits, alternative transportation, water efficiency, sustainable purchasing, air quality, and other “green” programs.

About KeyCorp
Key traces its history back more than 160 years and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $XX billion as of March 31, 2013.
Key (NYSE: KEY) provides deposit, lending, cash management and investment services to individuals, small and medium-sized business in 14 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

For more information about Key, visit www.key.com.  KeyBank is Member FDIC.

About Jones Lang LaSalle
A leader in the real estate outsourcing field, Jones Lang LaSalle’s Corporate Solutions business helps corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of corporate real estate services. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s global media center Web page http://www.joneslanglasalle.com/Pages/News.aspx.