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PERSPECTUS ARCHITECTURE RENEWS COMMITMENT TO SHAKER SQUARE

Perspectus Architecture Renews  its Commitment to Shaker Square  and Cleveland 
November  8, 2013,  Cleveland, Ohio

PRESS RELEASE

Coral Management Company is pleased to announce that Perspectus Architecture has renewed its lease at Shaker Square for an additional seven years.

Headquartered in Cleveland  with offices in Columbus and Charleston, West Virginia,  Perspectus is a nationally recognized architectural design firm, which has chosen to remain in Cleveland.  Located  on the Square since its founding  in 2001, the firm has grown from a 900 square foot office to a nearly 10,000 square foot office, now the anchor and sole tenant on the second floor of the southeast  quadrant.   The new lease more than doubles  the existing 4,350 square foot space to accomodate new hires and projected  growth.

“When evaluating options within Cleveland  and elsewhere, it became  very clear that there is no better location with the necessary  “cool factor” than Shaker Square, ” said Larry Fischer, Managing  Design Prinicipal.   “Every- thing we need is here;  RTA Rapid lines to get to work and the airport, restaurants for entertaining and meet- ings, amenity  shops for everyday  needs and an endless sidewalk  for lunchtime  exercise  and problem  solving walks.  When talking with others out of state, Shaker Square has prominent recognition from Chicago  to New York City.”

The lease renewal  gives Perspectus the needed space to bring new professional jobs into the City of Cleveland. It will also enable the firm to reshape  the office layout to incorporate new technology and design production strategies. With an anticipated completion date of early December, renovations will include a new Central Studio flanked by Reception/Administration space on one end and a Resource  Center on the opposite  side, offering greater flexibility  and an abundance of natural light.  The contemporary finishes complement the historic nature of the building,  and new studio space will offer an open environment, organized  around project based groupings. Key team members  overseeing the renovations include David Urbansky,  AIA as Project Archit- ect  and Jennifer  Gibson, NCIDQ, LEED AP ID+C  as Interior Designer.

Peter Rubin, Coral’s CEO. said, “Perspectus is one of the region’s  leading design firms. They have become  part of the fabric of the neighborhood and their rededication is a testament to the attraction  of Shaker Square as the commercial intersection it has been for decades.”

CORAL MANAGEMENT COMPANY

CMC is a regionally focused full-service commercial and residential real estate company, that manages in excess of 2.1 million square feet of retail and multifamily assets. The firm incorporates a successful programming platform based  on businessintelligence,  an interdisciplinary, strategic, value driven management process led by a team that solves problems, executes your business plan & maximizes cash flow. Call us today to discuss how we can apply b.i. to your assets.

CORAL MANAGEMENT COMPANY. 13219 Shaker Square. Cleveland, OH  44120
Contact: Joan Mennett, Vice President of Marketing at:  216-469-4777.  www.thecoralcompany.com