An Italian automotive supplier plans to build a new manufacturing plant in Detroit. Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck. Tiberina purchased the land from Cleveland-based…
Citing substantial demand, the Ohio-based developer plans to subdivide the 570,000-square-foot property, which is fully equipped with conveyors and racking. Industrial Commercial Properties has acquired a 570,000-square-foot former Sears distribution center in Groveport, Ohio. Cleveland-based ICP has acquired four Ohio properties from Sears since 2014, counting the Groveport facility—the Sears retail building at the former…
Located on the outskirts of Youngstown, the asset is the fifth such facility acquired by the investor from Sears or Kmart. Industrial Commercial Properties has purchased 541 Perkins Jones Road, a 1.4 million-square-foot former Kmart distribution center in Warren, Ohio. The building is on the outskirts of the Youngstown area, close to other major distribution…
STAN BULLARD – Crain’s Cleveland Business: Industrial Commercial Properties, the Solon-based real estate owner and manager with a sizable portfolio but a small staff, has just added two new executives from the REIT universe: SITE Centers Corp. and the former Forest City Realty Trust. Moreover, in typical ICP fashion, it also has acquired two new…
New owner pays $2.5 million for former torpedo plant A massive industrial building near Cleveland’s border with Euclid that started life 50 years ago as a torpedo plant ago has changed hands in a $2.5 million transaction. The new owner, as of Feb. 14, is 18901 Euclid Avenue LLC, which takes its name from the…
STAN BULLARD Crain’s Cleveland Business CoStar Industrial Commercial Properties paid $3.5 million to buy the building at 6680 Parkland Blvd. in Solon through a Cuyahoga County receivership’s sale. Industrial Commercial Properties (ICP), a Solon-based property owner with a portfolio extending from Detroit to Pittsburgh, often searches far for acquisitions. But its latest deal was across…
TRG Multimedia will expand its space dramatically with a move early next year to one of the most iconic buildings in Cleveland’s suburbs. The full-service multimedia studio announced in a news release on Monday, Oct. 15, that it has signed a lease with real estate brokerage IRGICP LLC for a 75,000-square-foot space in the former…
By Jim Mackinnon Beacon Journal/Ohio.com Posted Sep 24, 2018 at 9:25 AMUpdated Sep 25, 2018 at 9:09 AM B&W is taking its talents to Akron. Babcock & Wilcox Enterprises will relocate hundreds of employees from Barberton and Copley to Akron — and also move its headquarters from Charlotte, N.C., to here. B&W’s new corporate offices will be in the East End Offices, Goodyear Tire & Rubber…
