August 21, 200618 yr If thats the case, the move sounds good. If they have a bank branch in the building as well, it will help the morgue feeling.
August 25, 200618 yr What a sad series of articles.... PHOTO: Tony Crampton awaits his next customer at SeaGate Barbershop, formerly a three-chair operation. ( BLADE PHOTOS/ANDY MORRISON ) PHOTO: Nearly all the shops beneath the Toledo office tower are empty. LEFT ALONE AT A HASTENING CLIP Barber hangs on in One SeaGate concourse By HOMER BRICKEY BLADE SENIOR BUSINESS WRITER You could call Tony Crampton the last man standing in the One SeaGate concourse underneath the 32-story downtown Toledo office tower. He spends most of the day cutting hair in his SeaGate Barber Shop, and some days it's a lonely job. His neighbors are almost all gone: The once bustling concourse is now almost empty. And the skyscraper above is about half empty too, as Owens-Illinois Inc. completes its move to its new $20 million headquarters in Perrysburg's Levis Park. "I'm going to stick it out," said Mr. Crampton, who has operated his shop since 1988. "I'm just waiting for new tenants to move in, and I'm hoping this building will get back up to where it used to be. … Business is down 40 to 45 percent in the last five years." FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060824/BUSINESS03/608240364/-1/BUSINESS
August 25, 200618 yr ^I can't believe the building is even being listed after the water and mold damage it sustained after the water main break, not to mention the asbestos. It just boggles my mind that such a large tower (Toledo's second tallest, right?) is in that condition. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
September 3, 200618 yr From the 9/1/06 Toledo Blade: PHOTO: Most treadmills are empty on the last day for the small gym in the basement of the office tower. ( BLADE PHOTOS/LORI KING ) PHOTO: Trainer Kim Collins watches as Ted Gillespie prepares for part of his routine. He plans to transfer to the Riverside Y. Fitness center at One SeaGate leaves downtown for Perrysburg Business district’s last public exercise facility By GARY T. PAKULSKI BLADE BUSINESS WRITER Doug Pavelko won’t stop working out over the lunch hour. But instead of walking to a nearby gym from his downtown office, he’ll hop into his car for a short jaunt to the Riverside YMCA on Toledo’s near north side. “It will be a lot less convenient,” lamented the 46-year-old patent lawyer, who was among those exercising yesterday afternoon on the last day of the Downtown Fitness Center in One SeaGate. The closing of the small gym leaves downtown workers without a public facility within walking distance to pump iron and improve their cardiovascular health. Peggy Dumas, who managed the 2,500-square-foot center for Harris HealthTrends Inc., said owners had no choice but to close after the loss of 85 percent of members with the move this month of Owens-Illinois Inc.’s world headquarters to suburban Perrysburg. She and Harris HealthTrends will head out to O-I’s new offices in Levis Commons, where they will manage a fitness center that will be open to company employees only. Downtown Fitness Center, which was in a remote area of a basement of Toledo’s signature office tower, began as an O-I-operated facility but in a company downsizing in the late 1980s was sold to private interests. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060901/BUSINESS03/60901030/-1/RSS04
September 14, 200618 yr From the 9/13/06 Toledo Blade: O-I VS. NEW BUILDING OWNER One SeaGate tiff puzzles its tenants By MARY-BETH McLAUGHLIN BLADE BUSINESS WRITER A dispute between Owens-Illinois Inc. and the firm which will own One SeaGate in downtown Toledo has put remaining tenants smack in the middle. On the surface, the disagreement is over movable walls that divide offices in the 32-story building. But it has the potential to unravel accommodations for tenants. The building, with O-I's departure this month to its new headquarters in suburban Perrysburg, is now half empty. It has 707,000 rentable square feet. And despite the firm's notice 1 1/2 years ago that it would leave, no major new tenants have been signed. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060913/BUSINESS05/609130387/-1/RSS04
September 26, 200618 yr From the 9/24/06 Toledo Blade: PHOTO: The 32-story building opened in 1981 with Owens-Illinois as its main tenant. ( THE BLADE ) PHOTO: O-I has moved out of the floors it occupied, taking its partition walls to its new headquarters. ( BLADE PHOTOS/LORI KING ) PHOTO: O-I has moved out of the floors it occupied, taking its partition walls to its new headquarters. As ownership shift nears, tower has no new tenants By HOMER BRICKEY BLADE SENIOR BUSINESS WRITER In five days, a new landlord will take over the premier downtown Toledo office tower, which is 50 percent empty. No new tenants have been announced for space in One SeaGate vacated last month and this month by Owens-Illinois Inc., which has moved to new quarters in suburban Perrysburg. The 32-story tower on the Maumee River next to the Martin Luther King Bridge is considered prime office space, but some floors have a wide-open, empty look. O-I recently removed most of the walls on the eight floors it had occupied for the last few years. The building's new owner, an affiliate of RVI Group Inc., of Stamford, Conn., and its leasing agents are confident of finding new tenants soon. Large for-lease signs will be visible next week at the building with 707,000 square feet of rentable space. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060924/BUSINESS05/609230350/-1/RSS04
October 4, 200618 yr From the 9/30/06 Toledo Blade: PHOTO: Louis Bango of Toledo Building Service brightens the entrance of One SeaGate. It is half empty since Owens Illinois Inc. moved out to go to a new headquarters in Perrysburg. ( THE BLADE/LORI KING ) PHOTO: One SeaGate will get a new marketing team, led by Cushman & Wakeman, New York, and Michael Realty Co., Toledo, that will seek tenants. An offi ce is to open in the building on Monday. ( THE BLADE/ANDY MORRISON ) New owner takes over, aims to keep One SeaGate 'Class A' By GARY T. PAKULSKI BLADE BUSINESS WRITER Amid a lobby stripped of furniture and every trace of long-time tenant Owens-Illinois Inc., Toledo's premier downtown office tower changed ownership yesterday. The riverfront One SeaGate is now owned by an affiliate of insurer RVI Group Inc. of Stamford, Conn., Lucas County records show. A newly formed company called One SeaGate LLC took control of the 32-story building for $1 million and assumption of a $32 million mortgage from Newkirk Realty Trust Inc., a Boston real-estate investment trust. "Our goal is to continue to maintain it as Class A space," said Darrel Seife, an RVI representative. With O-I's departure this month to a new headquarters in the Toledo suburb of Perrysburg, One SeaGate is about half empty. The Toledo glass container maker announced 1 1/2 years ago it would be leaving the downtown base by the end of this month. RVI hopes to have an announcement soon about new tenants, Mr. Seife said. However, he declined to identify prospective occupants or to discuss the possibility Fifth Third Bank will rent a large block of space. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060930/BUSINESS05/609300385/-1/RSS04
November 12, 200618 yr From the 10/27/06 Toledo Blade: ONE SEAGATE Brokerage to leave for new office in Sylvania UBS occupies a floor in half-empty tower By JON CHAVEZ BLADE BUSINESS WRITER A major brokerage in Toledo's One SeaGate building downtown is moving to a suburb in about 10 months. UBS Financial Services Inc., a brokerage with about 55 employees, plans to move into a 14,000-square-foot building now under construction on a two-acre site in Sylvania, area people familiar with the project said. The site is at 5757 Monroe St., near Corey Road, and the move will further burden One SeaGate, which is now half empty with the departure last month of Owens-Illinois Inc. to Perrysburg. UBS branch manager Mark Zaharski did not return a call seeking information, and the company has not announced its plans. But local commercial real estate agents, commercial builders, and area government experts said it has been well known for months that UBS was leaving downtown for a new building. The company occupies one floor in the 32-story One SeaGate and recently signed a new lease to keep it there through next fall. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20061027/BUSINESS03/610270378/-1/BUSINESS
November 21, 200618 yr From the 11/2/06 Toledo Blade: ONE SEAGATE After month, new landlord fails to add to tenant list By HOMER BRICKEY BLADE SENIOR BUSINESS WRITER A month after a new landlord took control of the One SeaGate office tower in downtown Toledo, no new tenants have been signed. And Fifth Third Bank (Northwestern Ohio), which has expressed interest in moving into the 32-story building, said it would relocate employees from an office it owns in Sylvania as well as from its 17-story Fifth Third Center in downtown Toledo. But the bank has yet to make a decision, which is somewhat contingent on what to do with its two buildings. One SeaGate, built in 1981 at a cost of $100 million, was left half empty when Owens-Illinois Inc. moved its global headquarters in August to suburban Perrysburg. O-I had said 1 1/2 years ago it would be leaving its Toledo base. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20061102/BUSINESS05/611020362/-1/BUSINESS
July 11, 200717 yr From the 4/3/07 Blade: Fifth Third Bank maps plan for One SeaGate By HOMER BRICKEY BLADE SENIOR BUSINESS WRITER Peering out the window on the 23rd floor, Robert LaClair looked southeast to take note of the Maumee River, the Anthony Wayne Bridge, and much of downtown. "I like this view," said the president and chief executive of Fifth Third Bank (Northwestern Ohio). He was picking out his new office in One SeaGate, downtown Toledo's tallest building. The bank will lease 127,000 square feet of the 32-story structure and expects to move in 350 workers late this year. "It's a done deal. Now the fun part begins," Mr. LaClair said. The bank, moving from its headquarters several blocks away at Huron Street and Madison Avenue, said it will lease floors 4, 21, 22, and 23 as well as a major part of the service, or sub-basement level, where it plans to build a secure loading dock for armored cars. It plans to open a full-service branch on the lobby floor. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20070403/BUSINESS05/704030358/-1/RSS04
July 11, 200717 yr Link contains a photo. From the 5/3/07 Blade: Riverfront One SeaGate office tower up for sale Expert says buyer from area unlikely By JON CHAVEZ BLADE BUSINESS WRITER The owners of One SeaGate - downtown Toledo's premier office building - have decided to put the 32-story tower up for sale. Insurance firm RVI Group Inc., of Stamford, Conn., which took ownership of the building in September for $1 million and assumption of a $32 million mortgage, said the signature tower along the riverfront has been stabilized to where it is an attractive buy for commercial real estate investors. Since owning the building, RVI has inked a deal with Fifth Third Bank to move its Toledo headquarters and some suburban office workers to One SeaGate, and rename the tallest structure downtown to Fifth Third Center at One SeaGate. There is no specific asking price for One SeaGate, although prospective buyers usually make bids after reviewing such properties, said Harlan Reichle, of CB Richard Ellis/Reichle Klein in Maumee, hired locally to market the site. The building last year was valued at $41 million by the state, but local real-estate experts estimated its value at $20 million to $31 million. FULL ARTICLE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20070503/BUSINESS05/705030378/-1/rss13
July 11, 200717 yr From the 5/24/07 Blade: Harbor Capital’s move to be done by September Harbor Capital Advisors Inc., a mutual-fund firm based in Toledo’s One SeaGate for two decades, will complete the move of its headquarters to Chicago between late July and September, a company spokesman, John Hoff said yesterday. The company, a spinoff from Owens-Illinois Inc., of Perrysburg, was sold six years ago for $490 million to Robeco Groep NV, of the Netherlands, which announced the headquarters move 11 months ago. Harbor, which has 16 funds with total assets of $36 billion, will move 25 of its 85 workers to Chicago, 5 others have retired or will soon, and the other 55 will be laid off, Mr. Hoff said. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20070524/BUSINESS03/70524014/-1/RSS04
July 11, 200717 yr C-Dawg, you gotta admit, that would've sucked major ass if OneSeagate moved to Chicago and 5/3 didn't sign a lease for that building. Toledo's tallest, sitting empty would not be good.
July 11, 200717 yr It took a Cincinnati company to save One SeaGate. I didn't realize Toledo was in such sad shape.
August 22, 200717 yr Toledo's One SeaGate tower fetched $40M August 22, 2007 | TOLEDO BLADE DOWNTOWN - A New York City investment group paid $40 million for the 32-story One SeaGate building in downtown Toledo, Lucas County auditor's records show. The signature office tower, which for 25 years was the world headquarters of Owens-Illinois Inc. before the company moved to Perrysburg last year, is now the property of Amtrust Realty Corp. State of Ohio officials assessed the building's value last year at $41 million. Officials of Amtrust, which specializes in undervalued commercial property, could not be reached for comment. However, the new owner, which bought the building from RVI Group Inc., of Stamford, Conn., plans to make a significant investment in the building and renovate space for new tenants, according to Harlan Reichle, manager of CB Richard Ellis/Reichle Klein in Maumee, a firm hired by RVI to market the site. O-I's departure left nearly 500,000 square feet of the building's 707,000 square feet of rentable space vacant, said Jeremy Miller, a commercial real estate agent with CB Richard Ellis/Reichle Klein. Fifth Third Bank is taking 127,000 square feet for its northwest Ohio operations, including a full-service banking center on the lobby floor. About 350 bank employees will move into One SeaGate starting in October, Karen Fraker, Fifth Third spokesman, said.
August 22, 200717 yr It took a Cincinnati company to save One SeaGate. I didn't realize Toledo was in such sad shape. You know, it really sounds like you are insulting Cincinnati at the same time.
August 26, 200717 yr Maybe it would have been better if 5/3 moved to the suburbs like the hometown company since there is such demand on the building. Plus they wouldn't have added ugliness to downtown.
March 14, 200817 yr Owners say One SeaGate more than half full Article published March 07, 2008 By JON CHAVEZ BLADE BUSINESS WRITER Six months after purchasing the 32-story One SeaGate office tower, the owners are more than halfway to filling the 707,000-square-foot building. Finding tenants for the bottom-floor concourse, once a bustling corridor for retail, may take much longer. "We are talking to about half a dozen prospects for that and we're trying to [fill the retail space] patiently and methodically," said Dan Klein, co-owner of CB Richard Ellis/Reichle Klein and a new tenant. Mr. Klein is one of three commercial real estate agents pursuing leasing deals for One SeaGate on behalf of AmTrust Realty Corp., of New York, which bought the building for $40 million in August. At the time, only about 200,000 square feet of Toledo's signature office tower and onetime headquarters of Owens Illinois Inc. was occupied. But since then, Fifth Third Bank has moved about 350 employees into the structure along the Maumee River at Summit and Cherry streets. It has taken nearly four floors, using about 127,000 square feet.
January 18, 200916 yr One Seagate owners buy 6-acre parcel beneath building Article published December 30, 2008 By LARRY P. VELLEQUETTE BLADE BUSINESS WRITER The owners of Toledo's largest, most prestigious office tower - One Seagate, former world headquarters of Owens-Illinois Inc. - now own the land on which it stands. Seagate Land Partners LLC, a company linked to Manhattan-based Amtrust Realty Corp., this month purchased from O-I for $2.15 million the 6-acre parcel below the 32-story One Seagate building. The building itself, which county records list as a separate asset, was sold by a Boston landlord in August, 2007, for $40 million to One Seagate Partners LLC, another company linked to Amtrust Realty.
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