Hoover District

Property
Hoover District
 
Location
North Canton, Ohio
 
Property Data
1.4 Million Square Foot Mixed-Use Complex

 
Current Tenants
Myers Control Power
Commercial Honing
Flower Factory
TruBridge, Inc.
 

Hoover District
 
 
 
 
 
 
Property Description

The Hoover District is a 1.4 million square foot mixed-use complex encompassing 15 buildings on 69 acres located in the heart of North Canton, Ohio. Ownership had an opportunity to leverage its historical place in the community; being able to create job opportunities for the community and real estate value for the investors.

Shortly after the purchase of the property in August 2007, long-term leases were signed with 4 new tenants bringing occupancy to approximately 77%.

Our vision for the asset is to leverage its unique location within the City of North Canton as a mixed-use concept. IRG Realty Advisors has partnered with the City of North Canton to secure a Job Ready Site (JRS) grant through the State of Ohio totaling 5 million dollars. IRG Realty Advisors removed the steam system throughout the property in order to become more efficient and reduce operating expenses for the new tenants.
 

New Site Rollout

 

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