Midwest

CLEVELAND, OHIO — Columbia Property Trust Inc. has signed a 15-year lease with BakerHostetler for 115,615 square feet of space at Key Tower in downtown Cleveland. BakerHostetler, a global law firm, will lease five floors of the 57-story office tower beginning in January 2016. Columbia Property Trust has owned the Class-A office tower and attached 10-story historic building since December 2005. The 1.3-million-square-foot property also serves as the namesake headquarters of KeyCorp., the holding company for KeyBank, which in 2013 signed a 15-year lease extension for 37 percent of Key Tower. Jerry Banks and Darik Afshani, vice presidents of asset management at Columbia Property Trust, and Douglas Miller, Cindy Greiner and John Klayman of Jacobs Real Estate Services, represented Columbia Property Trust in the transaction. Sherry Cushman of Cushman & Wakefield and Doug Leary of CBRE represented BakerHostetler.

BROOKLYN CENTER, MINN. — Grandbridge Real Estate Capital has closed the $1 million sale of Brookdale Towers, a 61,853-square-foot office building in Brooklyn Center, a northern suburb of Minneapolis. Tony Carlson of Grandbridge Real Estate Capital represented the seller, an institutional lender, which had previously foreclosed on the property. Carlson also arranged the acquisition financing for a local buyer. The property was 25 percent occupied at the time of the sale. The new owner plans to improve the property by addressing deferred maintenance and enhancing building aesthetics.

MENOMONEE FALLS, WIS. — Irgens has sold the Actuant Corp. headquarters building, an 81,503 square foot, single-tenant office building located in Menomonee Falls for $15.4 million. Actuant Menomone LLC, a real estate investment group, purchased the Class A building. Daniel Herrold of the Stan Johnson Co. represented Irgens in the transaction. Bradley Feller, also of the Stan Johnson Co., represented the buyer.