About Cleveland's Playhouse Square Real Estate Services

Playhouse Square is responsible for the ownership, redevelopment and ongoing viability of the historic theaters in Downtown Cleveland, Ohio. The theater complex is the largest performing arts center in the United States, outside of Lincoln Center in New York.

When the theaters were saved from demolition and redeveloped, it was the hope of Playhouse Square that private developers would rally around the effort and improve the district’s real estate. Unfortunately, those developers never really materialized and Playhouse Square began the work of redeveloping the neighborhood.

In 1999, Playhouse Square purchased the 16-story, 400,000 square-foot Hanna Building. This historic office building houses over 200 tenants, and this is when the foundation elected to self-manage the property by bringing on a well-respected industry leader by the name of Tim Luli.  He and Tom Adler, former Playhouse Square Board Chair and current Senior Advisor, formed PSF Management. The enterprise became responsible for managing an owned portfolio of approximately 1,000,000 square feet of commercial space. In addition, Tim brought along third-party clients and the overall management consists of over 2,000,000 square feet of properties throughout Northeast Ohio.

Based on the belief that people would better recognize the team if branded as Playhouse Square, the company became Playhouse Square Real Estate Services.

We bring both our own first-hand experience in rebuilding Playhouse Square, along with decades of representing owners, tenants and developers with our core services:

Founded in 1999 to manage and develop Playhouse Square’s mix of historic and commercial real estate properties, Playhouse Square Real Estate Services has grown to become a full service, well respected, deeply experienced regional entity known for our:

  • Breadth of experience with a highly developed skill set
  • Creativity in launching and successfully completing projects
  • Leadership quality of our staff
  • Experience, longevity and stability
  • Ability to present flexibility, agility and adaptability in long-term strategic planning

Playhouse Square Real Estate Services also boasts a proven and award winning leadership team that has more than 80 years of combined expertise in Northeast Ohio’s commercial real estate markets and manages more than 2 million square feet of office space and retail space in the region.

If a client is presented with a specific real estate challenge, chances are good we have navigated the path before.