About Cleveland's CRESCO Playhouse Square Management
CRESCO Playhouse Square Management is the real estate services division of Playhouse Square, the largest performing arts center in the United States, outside of Lincoln Center in New York. Playhouse Square is responsible for the ownership, redevelopment and ongoing viability of five historic theaters and six newer performances spaces in Downtown Cleveland, Ohio.
When the theaters were saved from demolition and redeveloped, it was the hope of Playhouse Square that private developers would rally around the effort and improve the district’s real estate. Unfortunately, those developers did not materialize and so Playhouse Square began the work of redeveloping the neighborhood.
In 1999, Playhouse Square purchased the 16-story, 400,000 square-foot Hanna Building. This is when Playhouse Square elected to self-manage the property by bringing on well-respected industry leader Tim Luli. He and Tom Adler, former Playhouse Square Board Chair and current Senior Advisor, formed what is now CRESCO Playhouse Square Management. The enterprise became responsible for managing an owned portfolio of approximately 1,000,000 square feet of commercial space. In addition, Tim brought along third-party clients to grow the overall management portfolio to more than 2,000,000 square feet of properties throughout Northeast Ohio.
Today, our clients benefit from our first-hand experience in rebuilding Playhouse Square, along with decades of representing owners, tenants and developers with our core services:
- Asset Management
- Facility Management
- Property Management
- Construction Project Management
- Financial Deal Structuring
- Real Estate Consulting
- Nonprofit Real Estate
- Owner Representation
- Tenant Representation
CRESCO Playhouse Square Management has grown to become a well-respected, deeply experienced firm known for:
- Breadth of experience with a highly developed skill set
- Creativity in launching and successfully completing projects
- Leadership quality of our staff
- Experience, longevity and stability
- Ability to present flexibility, agility and adaptability in long-term strategic planning
CRESCO Playhouse Square Management's proven and award-winning leadership team has more than 130 years of combined expertise in Northeast Ohio’s commercial real estate markets and manages more than two million square feet of office space and retail space in the region.
If a client is presented with a specific real estate challenge, chances are good we have navigated the path before.
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Whether you're looking for space or need real estate services, our team is ready to help.