Guggenheim Commercial Real Estate Group is pleased to present an opportunity to acquire a fee simple interest in Colony Square. This 29,760 SF office building is located within the commercial corridor of one of the most affluent communities in Cleveland. The property is on the highly visible hard corner of Solon Rd. and Station St. (14,000 VPD) that is less than 1/4 mi from Rte. 422. Adjacent to the site is an approved 9.5 acre, $100 million mixed use project to the south featuring 200 high-end apartments, 38,000 SF of retail, a food hall and hotel planned for the 4th quarter of 2026. Directly behind the property is a planned multi-purpose trail that offers connectivity between Solon’s commercial and retail districts.
The neighboring Solon Square shopping center is home to national retailers such as Advanced Auto Parts, Chipolte, Jersey Mike’s Subs, Key Bank, Honey Baked Ham, Papa John’s Pizza, Planet Fitness, and XGolf.
The property is less than a mile from Solon’s robust commercial/ industrial district, with the operations and headquarters of significant organizations such as Nestle’s, The Cleveland Clinic, Swagelok, Kichler Lighting, Tarkett Flooring, InterDesign, Epic Steel, Arrow Electronics, Hana Technologies, Zircon, Petersen Nuts and many more. In a 2-mile radius, there are 1,720 businesses with 24,737 employees. Solon has an average HH income of $136k in a 3 mile radius. Solon city schools are ranked in the top five of the state. There is a population of 1 million within a 30 minute drive of Solon. The site offers flexibility to any investor or developer. It can be re-tenanted, repurposed, or redeveloped.