About PNC Center
Cushman & Wakefield is proud to offer the opportunity to acquire PNC Center at Cascade Plaza located in the heart of Downtown Akron. Constructed in 1969, the 23-story office building is prominently positioned at Cascade Plaza, centrally located along South Main Street. By taking advantage of the momentum in Downtown Akron and pursuing an adaptive reuse plan, the opportunity affords an investor the ability to reposition
this iconic property.
1. LOCATION & VISIBILITY
PNC Center at Cascade Plaza is prominently located in the heart of the Akron CBD, which continues to witness private and municipal investment. The property’s strong walkability score and visibility within the CBD are especially attractive for redevelopment possibilities.
2 . ACCESS
The property’s location has nearly instant access to the highway system allowing for convenient access for tenants, residents, and guests.
The classic design with window lines on all four sides, providing an abundance of natural light, lends itself well to a variety of uses
4. FLOOR PLANS
The building’s generic floor plan is ideal for an adaptive reuse
5. RECENT UPGRADES
Recent significant upgrades to the HVAC, including new boilers and chillers, and upgrade to LED lighting reduces near-term capital requirement needs
6. UNIVERSITY OF AKRON
Over the past several years the divide between the university and Downtown Akron has been bridged by intentional efforts resulting in a nearly seamless transition between the two areas
7. OPPORTUNITY ZONE LOCATION
Added to the US tax code as part of the Tax Cuts and Jobs Act in December 2017, the goal of the O-Zone program is to incentivize long-term capital investment in designated areas to promote economic development and job creation, specifically through the reallocation of capital gains.