Akron-Area Manufacturing Buildings Change Hands
The former Wrayco facility in Stow will soon have a new tenant. CBRE facilitated the sale of the 240,000-square-foot property.
By Laura Calugar
Wrayco’s former manufacturing building in Stow, Ohio
CBRE’s Akron office has brokered the sale of two former Wrayco facilities in Stow, Ohio. The manufacturing buildings are approximately 180,000 and 60,000 square feet, respectively. The buyer is an unidentified investor but, according to Akron Beacon Journal, a Michigan industrial manufacturing company purchased the asset.
Located at 858 Seasons Road and 5010 Hudson Drive, the two buildings sit next to each other. They provide easy access to two national roads and Interstate 80. Downtown Akron is 13 miles to the south, while Cleveland is within a 35-minute drive.
The new owner has a tenant in tow that will soon begin hiring as well as performing upgrades to the buildings to meet the company’s requirements. Wrayco Industries, a company that specialized in manufacturing leakproof vessels for heavy construction equipment, ceased its Ohio operations in December 2016, when it laid off 80 employees.
Senior Associates Steve Lazarides and Dean Bacopoulos of CBRE’s Akron office were part of the team that arranged the transaction. Earlier this year, CBRE also facilitated the sale of a 20,774-square-foot manufacturing building in Dayton, Ohio.
Image via Google Street View
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