Ford Lorain

Property
Ford Lorain
 
Location
Lorain, Ohio
 
Property Data
4 Million Square Foot Former Ford Assembly Plant Residing on 280 Acres

 
Current Tenants
Trademark Global
Jiffy Products of America
Midwest Global Distribution
Vermillion Indoor Storage
RDF Trucking
 

Ford Lorain
 
 
 
 
 
 
Property Description

The 4 million square foot plant was abandoned by The Ford Motor Company at the end of 2006, which left The City of Lorain with the highest unemployment rate in the state. Through proactive leasing efforts, new companies have moved into the facility leasing over a half-million square feet, creating over 200 jobs. Current tenants are now enjoying the benefits of this well constructed structural gem.

The project is a classic example of the “adaptive re-use” expertise within Ohio Realty Advisors. We specialize in turning around older industrial properties into viable income producing, job creating assets creating a new life cycle for the building owners and the surrounding community.

Ohio Realty Advisors also creatively provide return to its client by developing an equipment sale and scrap recovery program. Proceeds from this program were used to re-establish the site.

The complexity of the deal and negotiations with The Ford Motor Company has made Ford a partner with Ohio Realty Advisors in making sure we comply with and solve liability Environmental issues. ORA applied for and was awarded 3 million dollars from the Clean Ohio Revitalization Fund.
 

/Ford Lorain

 

4020 Kinross Lakes Parkway, Suite 200, Richfield, Ohio 44286                          IRG Realty Advisors, LLC ©