Cleveland City Council Finance, Diversity, Equity and Inclusion Committee Agenda Feb 2026
City considers lease option with Pennrose Holdings
Trusted by teams at
Description
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.
Contract Details
Vendor
PENNROSE HOLDINGS LLC
Agency
Town of Cleveland, VA
Contract Type
FACILITIES
Document Date
February 9, 2026
Contract Term
Option to Lease Agreement for a period of up to one year
Renewal Info
Initial option to lease is for up to one year; any renewals or extensions are not described in the agenda.
More from PENNROSE HOLDINGS LLC
Related Contracts
Cleveland City Council Meeting Minutes February 2026
approvedCleveland City Council Meeting Agenda February 9 2026
APPROVEDCleveland City Council Development, Planning and Sustainability Committee Agenda Feb 2026
pendingCleveland City Council Development, Planning and Sustainability Committee Agenda Feb 2026
pendingCleveland City Council Development, Planning and Sustainability Committee Agenda Feb 2026
pendingMore from Town of Cleveland
Cleveland City Council Agenda 2026-06-01
Cleveland City Council Agenda 2026-06-01
Cleveland City Council Committee of the Whole Committee Calendar 2026-06-01
Cleveland City Council Committee of the Whole Committee Calendar 2026-06-01
Cleveland City Council Committee of the Whole Committee Calendar 2026-06-01
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.