Tuesday, July 1, 2003

What's the buzz?

Fifth Third to get big Cleveland digs

By Jeff McKinney
The Cincinnati Enquirer

With a deal to occupy space in one of Cleveland's largest downtown buildings, Fifth Third Bank's moniker will dot the skylines of Ohio's three largest cities.

The banking giant's name already gleams from its Cincinnati headquarters at Fifth Third Center and a similar site for its main Columbus office. It now plans to install its name on top of a 27-story building in Cleveland that Bank One previously had.

The deal calls for Fifth Third to move the headquarters its northeastern Ohio unit to 600 Superior Ave., providing more space and the option to expand as it grows in Cleveland.

Though terms of the real estate deal were not disclosed, it apparently will cost Fifth Third a hefty amount. Bank One executives told media its departure will save the Chicago-based company a lot of money.

Fifth Third will occupy almost 103,300 square feet, about 10,500 square feet more than its previous space in downtown Cleveland.Fifth Third also will operate a branch on the first floor.

Fifth Third will take up floors 2-6, housing 300 employees, about a third of its 911 workers in Cleveland and Akron. About 137 of those employees came in the last year.

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