FACILITIESPENDING

City considers lease option with Pennrose Holdings

Cleveland City Council is considering an emergency ordinance authorizing the Director of Development to execute a one-year option to lease agreement with Pennrose Holdings, LLC for the city-owned property at 4242 Lorain Avenue. The agreement is intended to support the site's future redevelopment.

Status
PENDING
Document date
February 9, 2026
Contract type
FACILITIES
Vendor
Pennrose Holdings Llc
Agency
Town of Cleveland · VA

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FACILITIES
Contract term
Option to Lease Agreement for a period of up to one year
Renewal
Initial option to lease is for up to one year; any renewals or extensions are not described in the agenda.
Document type
Agenda
Source document
Cleveland City Council Finance, Diversity, Equity and Inclusion Committee Agenda Feb 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Town of Cleveland?

Pennrose Holdings Llc was awarded this facilities contract by Town of Cleveland, as recorded on February 9, 2026.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Cleveland City Council Finance, Diversity, Equity and Inclusion Committee Agenda Feb 2026 (Agenda), dated February 9, 2026 from Town of Cleveland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pennrose Holdings Llc hold?

Pennrose Holdings Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Pennrose Holdings Llc's profile

What is Town of Cleveland currently buying?

Explore Town of Cleveland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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