The demolition of the Former Chrysler Stamping Plant has had quite an affect on Northeast Ohio vacancy rates. Just recently, vacancy rates were at 12.7%. With over 1,400,000 sf of the former stamping plant now leveled, vacancy rates have decreased to 11.9%! The Southeast market experienced an even greater decrease, with vacancy rates dropping to 10.8% from 13.6%.
The complex was purchased by The DiGeronimo Cos. and Scannell Properties. Plans for the former Twinsburg plant include redevelopment into a brand new industrial park, with aggressive city incentives located between Interstates 480 & 271.The modern manufacturing and distribution facility will feature 24’ clear ceiling height, a highly sought after commodity in this tight market.
The complex was purchased by The DiGeronimo Cos. and Scannell Properties. Plans for the former Twinsburg plant include redevelopment into a brand new industrial park, with aggressive city incentives located between Interstates 480 & 271.The modern manufacturing and distribution facility will feature 24’ clear ceiling height, a highly sought after commodity in this tight market.
