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Electronic Merchant Systems Moving HQ to Downtown Cleveland's Tower City Center

EMS Inks 48,000-SF Deal with Bedrock, Will Shift 180 Employees to New Offices in Mid-2018
January 5, 2018
Electronic Merchant Systems (EMS) is moving its headquarters to downtown Cleveland.

The payment processing and merchant services provider signed a lease with Dan Gilbert's Bedrock to take roughly 48,000 square feet of office space at the 250 W. Huron building in Tower City Center. The company is scheduled to occupy its new space in mid-2018.

EMS CEO Daniel Neistadt cited the need for a larger space that can accommodate the company's continued expansion, stating, “Our growth has been significant, and we were drawn to the 250 West Huron building because of its central location. This first-class space will be large enough to accommodate our current needs, as well as those driven by EMS' continuing growth."

EMS will shift more than 180 employees from its corporate offices in Independence, OH to the entire fourth floor and a portion of the fifth floor of 250 W. Huron, a 324,662-square-foot, 14-story building that incorporates office space across the second through fifth floors, and the Ritz Carlton Hotel across the top seven floors.

Completed in 1991 as part of the 31-acre Tower City Center mixed-use development, the former Chase Financial Plaza building sits in close proximity to Public Square near retail and dining options incorporated into the Tower City Center development.

David Hollister, Kristine Hull and Terry Coyne of Newmark Knight Frank represented Bedrock in negotiations. Cyndie W. O'Bryon, SIOR of Colliers International brokered the deal for EMS.
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