Convergent Project in Westlake Signs on its First Tenant
Construction beginning on Westlake Convergent office complex as IMCD signs on as first anchor tenant.
CLEVELAND, April 9, 2019 – JLL and Guggenheim Commercial Real Estate Group announced that Convergent, a Class A office complex located in Westlake, Ohio, has signed its first and anchor tenant. The 26,000 sq. ft. Convergent East office building will serve as the U.S. headquarters of IMCD US, a leading distributor of specialty chemicals and food ingredients. This brings the Convergent asset to 50 percent occupancy.
JLL’s Senior Vice President J.R. Fairman and Executive Vice President Bob Gross represented the landlord, Richard Desich Managing Director of the Convergent development; Guggenheim Commercial Real Estate Group Senior Vice President James Samuels and President, Mike Guggenheim represented IMCD US.
“After evaluating different opportunities within the market, the Convergent development was the top choice,” said Samuels. “The convenient location, onsite and nearby amenities and ease of access for employees were among the many benefits to this modern office complex.”
Convergent East will be constructed next to the Equity Trust building.
“I am very excited for our friends, and new neighbors here at Convergent. They will be inspired working in a tremendously artistic heightened space,” said Desich. “Our team was confident that we could create a dynamic workplace that challenges the status quo for office space and creates a superior work environment.”
Designed by Vocon, Convergent’s Class A office complex will encompass more than 100,000 sq. ft. and took design notes from the Cleveland Museum of Art to incorporate a modern office concept.
“This space will be as functional as it is beautiful,” said Fairman. “Factors such as the connection to outdoor space, active design, and modern systems to maximize employee comfort make Convergent the ideal ecosystem to grow a business and retain and attract top talent.”
Westlake is one of the most desired communities for living and working in Northeast Ohio. The site is three minutes from the vibrant Crocker Park, ideal for shopping, dining and entertaining, and just twenty minutes to Cleveland’s central business district. It is also located along Interstate 90 with average daily traffic totalling more than 87,600 vehicles per day.
Construction on the complex is set to complete in fall 2019. Leasing for Convergent is available now.
For more information, visit www.us.jll.com/en/locations/midwest.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About Equity Trust
Equity Trust Company is a financial services company with $25 billion in assets under custody and administration (as of 12/31/17) that provides these services for individual investors, financial professionals and institutions to invest in traditional and alternative asset classes, including real estate, notes, private equity, precious metals and digital currencies. The Equity Trust family of companies offers retail and institutional custodial services with individual retirement accounts, back-office solutions for RIAs, brokerage services, directed trustee services and more. Individual investors visit trustetc.com for more information. Financial professionals visit equityinstitutional.com for more information.
About Guggenheim Commercial Real Estate Group
Since 1956, Guggenheim Commercial Real Estate Group has been a company rooted in tradition, with over 150 years of collective experience. Our energies, strategies, and knowledge are aimed at producing the highest quality results for every individual or company we work with. By going through the steps of fully understanding our client’s objectives, we can utilize our expertise to achieve their desired outcome. Based on our knowledge, experience, and relationships, Guggenheim continues to be a market leader in providing our clients with a complete and diversified range of real estate services including Investment Sales, Leasing, Project Management and Property Management. Guggenheim is a member of the Site Source Retail Broker Network, a 45-office network, of Retail experts working collaboratively from coast to coast. To learn more, visit www.guggenheiminc.com or www.sitesource.com.