Monday, December 19, 2011

AmTrust Financial To Occupy 800 Superior

Great news for downtown Cleveland! AmTrust Financial Services announced it will be occupying between 250,000 – 300,000 sf of the former Key Bank Center office building, located at 800 Superior Ave., in Cleveland. New York based AmTrust plans to create up to 1,000 jobs over the next three years, and move its current Seven Hills employees as well. Lower vacancy rates downtown and new jobs being created; all positive news for the city of Cleveland. How will this effect nearby neighbors? It’s speculated that the East Ohio Gas Building at 1717 East 9th St. will likely be redeveloped and/or sold for apartments. Currently the building is unoccupied. Both buildings are located in the NineTwelve District, whose goal is revitalizing the business and residential area.

Monday, December 12, 2011

Former Rubbermaid Facility Vacant

The former Rubbermaid facility, 1147 Akron Rd., located in Wooster, Ohio is again vacant. The huge facility has a lot to offer; 1,316,428 sq. ft., 22' -80' ceiling height, and 78 docks. I wouldn't be surprised if the building was re-occupied by a competitor. The building is a fantastic manufacturing facility, ready to be occupied again. It has a 200,000 sq. ft. of office area, as well as 675,199 SF warehouse, and rail access.
The initial sale of the former Rubbermaid warehouse was the largest in Northeast Ohio's history, and it sold after being on the market for just 60 days. Only time will tell, but I have a feeling Rubbermaid's biggest competitor may be calling this facility home.