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Millennia Housing Management Pays $40M for Near-Vacant 925 Euclid Bldg.

Hudson Holdings Sells 1.4 Million-SF Office Building in Cleveland
June 8, 2018
The 1.43 million-square-foot 925 Euclid building in Cleveland

Millennia Housing Management, a local full-service investment firm, purchased a 1.43 million-square-foot high-rise office building in Cleveland from Hudson Holdings. 925 Euclid, formerly known as the Huntington Bldg., sold for $40 million, or about $28 per square foot.

The 22-story structure was built in 1924 and renovated in 1991. Located at 925 Euclid Ave., the historic building stands 289 feet a few blocks from Cleveland State University.

Hudson Holdings purchased the near-vacant building in June 2015 for $22.5 million, or about $15 per square foot, CoStar data shows.

Please refer to CoStar COMPS #4257587 for additional information regarding this transaction.

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