Vecmar Corporation opens downtown office in Cleveland Trophy asset Key Tower
JLL brokers commercial deal in downtown Cleveland on behalf of Millennia Commercial Group Ltd.
CLEVELAND, June 22, 2020 – JLL represented Millennia Commercial Group Ltd. in signing new tenant, Vecmar Corporation, to Cleveland’s trophy asset, Key Tower. JLL Senior Vice President Warren Blazy, Associate Oge Anoliefo and Analyst Eric Smith brokered the Class A office deal.
For the past 30 years, Vecmar Corporation has been located solely in Mentor, Ohio. To support its growing sales team, the company made the decision to find an optimal space in the downtown area to appeal to younger generations and attract quality talent.
“Vecmar Corporation is a perfect fit for Key Tower,” said Blazy. “With a vision in mind to fuel the live-work-play philosophy Key Tower embodies, the business will thrive in the area and achieve its goal of attracting more top talent.”
Vecmar Corporation moved into their new offices this May and now has access to Key Tower’s variety of amenities: sit-down and fast-casual restaurants, the renovated Greatroom Bar, Trilogy fitness center and day spa, salon, barbershop and more. Additionally, Key Tower’s desirable location in the heart of downtown Cleveland—steps from the newly renovated Public Square—offers invaluable convenience for downtown commutes.
“Our workplace strategy is evolving to meet the needs and desires of the talent pool. Making the move to downtown is the first step, as more professionals are choosing to live in this area,” said Nicholas Zitnik, Co-Owner. “We couldn’t be more excited to offer our employees the benefits and amenities Key Tower and to be a part of the momentous energy downtown.”
Vecmar Corporation’s move from the suburbs to the CBD is part of a larger trend seen across Northeast Ohio, as well as other metropolitan areas, to attract top talent and retain current employees. According to JLL Research, from 2015 to date, more than 50 companies comprising 780,000 SF have relocated from the suburbs to Cleveland’s CBD, noting talent attraction and retention, and business growth opportunities as two critical factors driving the decision as many young professionals continue to seek out an environment that offers many options for living, working and entertaining.
“We are very excited to welcome Nick and his team to Key Tower. Vecmar is part of the growing number of progressive firms that are seeing the advantages offered with a downtown location at Key Tower,” said Doug Miller, President of Millennia Commercial Group.
For more information, visit jll.com/Cleveland.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Millennia Companies
Founded in 1995, The Millennia Companies® is a dynamic group of companies on a mission to enrich the lives of those whom they serve. Millennia operates in a diverse set of industries, including construction services, real estate development and multifamily and office property management. With a portfolio of nearly 30,000 apartment homes in 278 communities across 26 states, Millennia Housing Management, Ltd. was named the 11th largest affordable multifamily property management company by the National Affordable Housing Management Association in 2019. Millennia Commercial Group oversees the commercial and office portfolio which includes, the trophy Key Tower Building.