GLOBAL LAW FIRM SIGNS 15-YEAR LEASE AT KEY TOWER IN CLEVELAND

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.