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Oswald Companies has entered into a lease agreement to move its headquarters to the former E&Y tower on the East Bank of the Flats, a prominent fixture on the downtown skyline. Once all necessary approvals are received, the move will be completed in 2024 and plans include a name change to Oswald Tower.

Oswald, which is currently located at 1100 Superior Ave., will occupy approximately 100,000 square feet of space in the building, including the first-floor conference center. There is an option to take on more space as Oswald continues to grow.

“Oswald has been headquartered in downtown Cleveland since its establishment 130 years ago, and we’re proud to continue to call the city our home,” said Chairman and Chief Executive Officer Robert Klonk. “As an independent and employee-owned firm, we are thrilled to work with The Wolstein Group, which has demonstrated its commitment to Northeast Ohio for multiple generations.”

The opportunity to work with a local building owner that has been a champion for the region was a strong selling point in the decision.

“Through this partnership, both entities can further continue to strengthen downtown,” Klonk added. “This is another example of two Cleveland-based organizations coming together for the greater good of our region.”

“We are very excited to partner with Oswald Companies in our office tower. Having such a prestigious firm rooted in Cleveland recognize the opportunity to reside in the Flats is an honor,” said Iris S. Wolstein, principal of The Wolstein Group. “The development of the Flats East Bank was envisioned by my late husband, Bart, to stimulate growth in Cleveland and this announcement continues to recognize his vision. This project has truly been a labor of love for Bart, myself and our late son, Scott.”

The new location will provide a fresh, energizing space where Oswald’s employee-owners will have the opportunity to collaborate in new ways and continue to serve its ever-expanding client base.

“We are so excited that Oswald decided to keep their headquarters in Cleveland. By staying in the heart of downtown, they are not only showing loyalty to our local community, but also investing in the growth and development of the city,” said Cleveland Mayor Justin M. Bibb. “We appreciate Oswald’s continued commitment and positive impact on the neighborhood they have been a part of for 130 years.”