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News release

CLEVELAND, OH

JLL Selected to Represent New Ownership of Fifth Third Center

Hertz Investment Group teams up with JLL in new ownership opportunity   


CLEVELAND, April 9, 2015JLL announced today that it was selected to represent Hertz Investment Group in the leasing of Fifth Third Center in Cleveland. Hertz Investment Group purchased Fifth Third Center from TIER REIT on April 7. Fifth Third Center is a 508,397-square-foot, trophy office asset located in the Cleveland central business district.

Hertz Investment Group is a 36-year-old company headquartered in Santa Monica, California, which currently owns and operates over 15 million square feet of office space throughout the Unites States. President and Chief Financial Officer for Hertz Investment Group, Gary Horwitz, is excited about the opportunities he sees given the $5.5 billion dollar investment in the Cleveland central business district. 

"With the Fifth Third Center's location at the epicentre of Cleveland's investment, the building is well-positioned to meet the changing needs of today's businesses and employees," said Horwitz. "We see tremendous opportunity within the Cleveland market and are looking at additional opportunities in which to invest."

Andrew Coleman, Senior Vice President, and JR Fairman, Senior Associate, at JLL, will represent Hertz Investment Group for leasing and marketing activities at the Fifth Third Center.

Coleman added, "I'm pleased to be part of a team that's invested in Cleveland and its exploding growth and vitality. We have jointly identified opportunities to expand the building's services and make Fifth Third Center the superior choice in office space."

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About JLL
JLL (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 fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.