Content area
Full Text
Nine floors instead of four.
That's the revised amount of office space BP America Inc. is trying to lease at its 37-story corporate headquarters building on Public Square.
When BP embarked on a job-reduction program last June, it signaled it would put four floors on the market. But Glen Torch, BP's manager of commercial properties, said BP within the past month decided it would make more space available.
Mr. Torch told Crain's BP will offer a total of 250,000 square feet for lease by the end of September 1993. When the process is complete, more of the headquarters will be leased to other tenants than to the namesake oil giant. BP currently occupies 26 floors but will wind up with 17, Mr. Torch said.
He said the amount of space BP decided to put on the market had grown after the company completed plans for redeploying the staffs of its operating units. Those plans included a switch from individual offices to open-office layouts, which put more employees on each floor.
The prospect of another big block of office space hitting the downtown market elicited a shocked reaction among Cleveland real...