AmTrust Leases 102,065 SF Office Building in Mayfield Heights, Ohio
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in November 2026: $7.5B across 40 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
MAYFIELD HEIGHTS, OHIO — AmTrust Financial Services Inc. has leased the entirety of a 102,065-square-foot office building at 6055 Parkland Blvd. in Mayfield Heights, an eastern suburb of Cleveland. Property owners Tim…
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