LORAIN — Industrial Realty Group is following through on plans to revamp the former Ford Lorain Assembly Plant.
With two companies secured, and a third possibly on the way, the 4 million square feet of open space is slowly filling up.
Trademark Global Inc., a wholesale online supplier for companies with Web sites with 60 employees, moved to the site in mid-August.
Jim Sustar, president of Trademark Global Inc., said the company simply outgrew its digs in Avon and came across the IRG-owned property during the search for new real estate.
“We were able to double our size for the same cost of being in Avon,” he said. “(IRG) made us comfortable and were very easy to work with. I’ve got nothing but good things to say about them.”
IRG’s purchase of American Stone for $22 million on Friday has nothing to do with the company’s renovation of the former Ford plant, according IRG President Stuart Lichter. IRG purchased the plant for $2.5 million in December 2006.
Jiffy Products, a multinational wholesale supplier of horticulture and agriculture products, could occupy the plant as soon as March, according to Don Romancak, Lorain’s chief planner.
Although the move may hinge on whether Council approves a $125,000 forgivable loan, Romancak said a public hearing could secure the deal as early as next week.
“We don’t anticipate any real problems,” he said.
Talks also continue with ARNCO Corp., which makes equipment for cables that are used by telephone and cable companies out of a plant in Elyria.
Ken Kovacs, vice president of U.S. operations for the company, said while ARNCO is still negotiating a possible move, no deal has been sealed.
Sustar doesn’t care who moves in, as long as someone does soon.
“It’s a little lonely here right now,” he said. “We wouldn’t mind having a couple neighbors."
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