Update Provided on Sale Process for 925 Euclid Avenue Property

CLEVELAND, Sept. 21, 2026 /CourierPR/ -- Inglewood Associates and Gordon Brothers have provided an update on the ongoing sale process for the historic 925 Building at 925 Euclid Avenue in Cleveland, Ohio. The property, known for its prominent location at the intersection of East 9th Street and Euclid Avenue, covers approximately 1.45 million square feet and is one of Cleveland's most recognizable landmarks.

The court-supervised sale process, managed by Inglewood Associates, has seen significant interest from local, national, and international investors, developers, and unique users. Despite this, the Receiver has not yet selected a stalking horse bidder. According to Inglewood Associates, the potential bidders have expressed a preference to participate in a subsequent auction rather than submit a stalking horse bid. This decision does not alter the court-approved sale timeline, which remains on track for the submission of qualified bids by October 24, 2026.

Gordon Brothers, engaged as the exclusive real estate consultant and advisory agent, has been instrumental in the marketing efforts. Founded in 1903, Gordon Brothers operates from its headquarters in Boston and has more than 30 offices across North America. The firm's expertise in brands, industrial, retail, and real estate has been crucial in navigating the complex sale process.

Inglewood Associates, a senior-led advisory firm with a history dating back to 1983, has been actively involved in the sale process. The firm's principals, averaging 35 years of financial, operational, and ownership experience, have served in court-driven processes as receivers, financial advisors, and creditor trustees. They have also served clients as interim and full-time CEO's, COO's, CRO's, and CFO's.

The Receiver and his advisors have had detailed discussions with numerous interested parties, indicating a high level of engagement and continued interest in the property. The sale process is designed to achieve the highest and best outcome for the property, with the Receiver retaining flexibility to pursue the transaction path that maximizes value for stakeholders.

The 925 Building, formerly known as the Huntington Building and the Union Commerce Building, represents a unique redevelopment opportunity in downtown Cleveland. The property's prominent location and extensive square footage make it a significant asset for potential developers and investors. The sale process continues to generate substantial interest, with the deadline for qualified bids set for October 24, 2026.