CRESCO Playhouse Square Management serves as the real estate services arm of Playhouse Square, which is recognized as the largest performing arts center in the United States outside of Lincoln Center. Located in Downtown Cleveland, this dynamic organization oversees the ownership, redevelopment, and sustainability of five historic theaters alongside six newer performance spaces. The initiative to redevelop the area began when the theaters were saved from demolition, and while private developers initially did not step in, Playhouse Square took the lead in enhancing the district's real estate landscape. Since acquiring the 16-story, 400,000 square-foot Hanna Building in 1999, the firm has focused on self-managing properties, led by industry expert Tim Luli and former board chair Tom Adler, who established the successful firm we know today.
CRESCO Playhouse Square Management has made remarkable strides, currently overseeing around 1,000,000 square feet of commercial space directly and expanding its management portfolio to over 2,000,000 square feet across Northeast Ohio by incorporating third-party clients. The firm is known for its extensive experience and innovative approaches in asset management, facility management, property management, construction project management, financial deal structuring, real estate consulting, and more.
With a leadership team boasting over 130 years of combined experience in the local commercial real estate markets, CRESCO Playhouse Square Management has successfully developed a reputation for its creativity, stability, and the ability to adapt to long-term strategic planning needs. The firm has positioned itself as a client-focused organization, helping navigate various real estate challenges while ensuring exceptional outcomes through diligence and expert guidance. As they continue to grow and evolve, they remain dedicated to aiding clients with both space needs and comprehensive real estate services.
