News

September 27, 2018

Amazon Distribution Center Set To Deliver in Northeast Ohio

Amazon is set to open the doors on its 700,000-square-foot distribution center at 1280 E. 260th St. in Euclid, Ohio, next quarter, further strengthening the Cleveland industrial scene. This is the third distribution center the shipping giant has opened in northeast Ohio, and a fourth is anticipated to be established outside of Akron in the coming years.

Logistics has buoyed industrial fundamentals for much of the cycle, as ecommerce continues to take a bigger bite out of brick-and-mortar retail. Most Ohio shipping centers have been established in the western half of the state, as Columbus and Cincinnati offer retailers a much more desirable location.

Industrial rent growth in these two cities has been explosive over the course of the cycle, but gains have been a bit more subdued in Cleveland. Large scale shipping centers are a marked change from historical precedent in northeast Ohio, and the area is defined by its traditional industrial and manufacturing hubs.

However, industrial rent growth has been positive for much of the cycle, and could be further bolstered by the growing strength of manufacturing. Several hundred thousand manufacturing jobs have been added nationwide over the past two years, with 10,800 new manufacturing jobs arriving in Ohio since 2017.

Northeast Ohio has finally fully recovered from the recession, and is producing more than it did in 2007. According to Ethan Karp, chief executive officer of the Manufacturing Advocacy and Growth Network, executives within the area are “overwhelmingly positive” about the future. They have many reasons to be enthusiastic, and so do owners of industrial properties. Vacancies are close to all-time lows, and while gains have yet to reach Columbus levels, owners are seeing strong year-over-year gains.

SEPTEMBER 20, 2018|BEN ATWOOD


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September 27, 2018

8.92 ACRES LAND - I-77 VISIBILITY

Just listed: 8.92 ACRES LAND - I-77 VISIBILITY - 4675 Winning Way, North Canton, Ohio

* Zoned R-1 with Utilities - House, Barn, Shop & Other Out Buildings * Over 960' of frontage on I-77 * Value is in the land * House: 3,280 sf, Barn: 1,200 sf, Stables: 3,200 sf, Shop: 2,048 sf, Shop: 768 sf, Shop: 768 sf, & Shop: 6,528 sf

I-77 visibility within City of Green. 103,843 Cars per day 2017 Traffic Study. Zoned R-1, but City officials open to Planned Development. Options could be mixed use commercial and residential, retirement community, RV or vehicle sales, winery, campsites with equestrian center, mobile home park, mini warehouse/storage. Conceptual Plan needs to accompany zone change request.

For sale: $975,000

Contact Wick Hartung 330-495-0601 or Spencer Hartung 330-936-0276 for more details.

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September 11, 2018

Just Listed: 8,950 SQ.FT. SHOP WITH DOCK & DOOR

Prospect Business Center, 1201C Camden Ave SW, Canton

Renovated 2014, new roof 2018. Five (5) offices plus conference/break room with new 4 ton AC & 100,000 BTU furnace, 15’ clear shop with 4 newer Modine heaters. Newer T-8 lighting in shop.

Covered dock area with edge of dock leveler. Also, one 12'x12' insulated overhead door entry into shop.

$2.95 per sq.ft. or $2,200 per month triple net

Contact Wick Hartung 330-495-0601 or Tim Putman 330-495-0600 for more details.

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August 29, 2018

Akron-Canton Airport launches $34 million gate expansion

By Rick Armon

Beacon Journal/Ohio.com
Posted Aug 28, 2018 at 12:51 PM

Airport, government, business and community leaders held a ceremonial groundbreaking on the de-icing pad to celebrate the upcoming construction of a two-story, 41,600-square-foot gate area

GREEN The Akron-Canton Airport was filled with a hefty bank of pay phones when its first contemporary gate area opened 56 years ago.

How times have changed.

The area, which now serves American and Delta planes, is outdated and unable to meet the needs of today’s passengers armed with cell phones and expectations of modern amenities — not to mention the needs of modern aircraft, airport President and CEO Rick McQueen said Tuesday.

The airport is ready to change that with a $34 million gate expansion project that gets under way late next month.

Airport, government, business and community leaders held a ceremonial groundbreaking on the de-icing pad to celebrate the upcoming construction of a two-story, 41,600-square-foot gate area that will include charging stations for smartphones, a sit-down restaurant and fast-food options such as Cinnabon and Arby’s, business lounge, mothers’ room, kids play area and more overall space for waiting and arriving passengers.

It also will feature bridges at every gate so passengers won’t have to step outside while boarding or leaving a plane.

As for pay phones? The airport has two remaining. But no one uses them, McQueen said with a laugh.

The project, which will be done in phases, is the final project in a 10-year, $110 million plan to remodel and modernize the regional airport. It also involves demolishing the old gate area and building a new apron for planes.

The new gate area, located on the south side of the terminal, is expected to open late next year or in the spring of 2020.

The expansion comes at a time when Akron-Canton has seen the number of passengers using the facility fall — from a high of 1.84 million in 2012 to 1.27 million last year.

But McQueen, who has worked at the airport for 36 years, said it’s the perfect time to expand.

“I’ve seen so many ups and downs, as you could imagine,” he said. “There’s always an up after a down. And it’s coming.

“When you look at what’s going on in our region, the Hall of Fame Village, oil and gas, everything going on in downtown Akron, it’s going to start to grow. There is going to be a need for two strong airports in Northeast Ohio.”

The groundbreaking featured remarks by U.S. Rep. Bob Gibbs, R-Lakeville, Stark County Commissioner Janet Weir Creighton and Summit County Executive Ilene Shapiro.

“With a roaring economy and a very optimistic outlook, this is really the time to do it because if you wait, you’ll be left behind,” Gibbs said.


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August 22, 2018

MONROE PLAZA WELCOMES TWO NEW TENANTS

Spectrum Orthopaedics and Coshocton Driver Training

Canton, Ohio – The popular New Philadelphia neighborhood strip center known as Monroe Plaza welcomes two (2) new tenants to the fourteen (14) tenant plaza – Spectrum Orthopaedics Physical Therapy and Coshocton Driver Training.

Spectrum Orthopaedics Physical Therapy suite is being renovated over the next two (2) months. They utilize a wide-open space for their equipment and therapy areas. Spectrum is North Canton based and has 12 highly skilled and board-certified surgeons and staff. They provide X-rays and MRI to surgical procedures and physical therapy in their Frank Rd facility in North Canton. The expect to open in October of 2018 when renovations are completed.

Coshocton Driver Training is owned and operated by Kenneth Koch. This will be his 5th location. They started in Coshocton and have added branches in Newcomerstown, Millersburg, Dresden and New Philadelphia, Ohio. They offer driver training to students and adults throughout central and southeast Ohio. They also offer on-line classes (New driver and abbreviated adult).

The Monroe Plaza has been home to Stein Optical, Tuscarawas County Chiropractic from the time it was built. Other tenants are Margo Painting, Mama C’s Restaurant, 777, Bible Baptist Church, Hair Dye-Agnostics, Advantage Home Health Services, PCCW and Inside Out Nutrition. Two (2) suites of 800 sq.ft. and 1,400 sq.ft. are available in the Monroe Plaza.

The Monroe Plaza and adjacent Monroe Mall were built in 1975 by the original three (3) partners in the Monroe Mall Associates II - Herbert Weiss, Warren Feurman and Stanley Eigner. Stan Kutz was the long-term popular manager.

In 2000, Bruening Shepler Associates, Inc., a Canton based investment firm represented by Putman Properties, Inc., purchased the Monroe Mall (92,000 sq.ft.), Monroe Plaza (23,510 sq.ft.) and the former Pondarosa restaurant on the corner now Tlaquepaque Mexican Restaurant.

In addition to a new façade on the Monroe Plaza, Putman Properties then carried out a creative turnaround of the Monroe Mall now the Monroe Centre from retail to office, medical and service welcoming new tenants The Veterans Administration – Home Based Primary Care, the Social Security Administration, State of Ohio Drivers License Exam & Deputy Register, Big Brother Big Sister, Interim Health, Word of Life, Randstad, Bible Baptist Church, Ohio Means Jobs, COAD and Fresenius Dialysis Center. Three (3) suites of 2,400 sq.ft., 4,800 sq.ft. and 6,900 sq.ft. of medical and office space is currently available in the Monroe Centre.

For further information, please contact:

Wick Hartung

Vice President

Sales & Leasing

330-495-0601

[email protected]

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August 15, 2018

LEASED! 1711 Perry Dr SW, Perry Twp

This 1,128 sq.ft. location at the southwest corner of Perry Dr and Southway St has been leased to Max Luangrath, LLC. who will be operating a hibachi restaurant out of this location! Congratulations and thank you for working with us at Putman Properties, Inc.

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August 07, 2018

LEASED!!! 2,964 Sq.Ft. former Arby's location

LEASED!!! 2,964 Sq.Ft. former Arby's location at 1111 Lincoln Way E, Massillon

10 Years & 6 months to Hometown Urgent Care

Contact Timothy J. Putman at 330-495-0600 for more details.

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August 03, 2018

Newly listed: 2,384 S.F. TURNKEY MEDICAL/DENTAL SUITE

4565 Dressler Rd NW, Suite 101, Canton

Newly decorated and remodeled turnkey dental or medical office space. Sinks and operatories in place along with reception/waiting area, lab, nurses station, break room and offices.

Also, easily reconfigured for professional offices for general business i.e. law, insurance, sales, etc.

$12.00 Per square foot triple net

Contact Saylor Putman 330-936-0276 or Tim Putman 330-495-0600 for more details.

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July 20, 2018

Pro Football Hall of Fame Village: How we got here, where it’s going

By Alison Matas

GateHouse Media Ohio Posted Jul 1, 2018 at 8:30 AM

Johnson Controls Hall of Fame Village is designed to be an estimated billion-dollar, 107-acre, 10-part campus surrounding the Pro Football Hall of Fame.

CANTON A team of developers, financiers and entertainment executives are building football’s version of Disneyland in Canton.

Johnson Controls Hall of Fame Village is designed to be an estimated billion-dollar, 107-acre, 10-part campus surrounding the Pro Football Hall of Fame. The development remains in the early stages but eventually is expected to include an indoor water park, virtual reality rides, a retirement community and medical facility, a four-star hotel and conference center, a 5,500-seat arena, retail, restaurants and a youth sports complex.

The Village concept is similar to Disney in that it won’t just be a physical location but also be a film and publishing company, those involved say.

Plans for the footprint of the Village were released broadly in 2015, when developers hosted a meeting to share the results of an economic impact study. The original completion date was May 2018, though that timeline got pushed back as the project grew. Construction has been stalled for nearly a year as the development team reorganized and secured funding to pay bills and keep building.

Hall President David Baker said the goal now is to get as much completed as possible in time for the NFL’s centennial in September 2020.

Work was expected to resume on the youth sports complex this June. Other construction projects are paused until after this year’s enshrinement. The overflow parking lot being built at Stadium Park, on land adjacent to the Hall of Fame, has to finish before the Hall rips up its parking lots to keep building.

Here’s what’s happened so far.

Bricks and mortar
• Tom Benson Hall of Fame Stadium was rebuilt and dedicated.
Construction began on Benson Stadium in 2015, and the north and south stands of the facility were demolished and reconstructed between enshrinement festivals. Last summer, the $139 million stadium was dedicated and hosted its first Hall of Fame Game. The 23,000-capacity stadium has a sky lounge, club seats, suites and party decks and has a permanent stage built into the north stands at the 50-yard line. It is named for the late New Orleans Saints owner Tom Benson, who donated $10 million to the stadium.

• New youth fields were constructed, and thousands of kids came to Canton to play.
The Hall’s campus has five multipurpose youth fields that in 2017 brought in 130,000 athletes, family members and fans to Canton for different events. At the end of 2017, the fields were the site of the first Pro Football Hall of Fame World Youth Football Championships, which drew 70 teams from the U.S. and Mexico. The weekend culminated with championship games in Benson Stadium, some of which later aired on CBS Sports Network.

• A four-star hotel broke ground.
In April of 2017, developers hosted a ceremonial groundbreaking for a four-star hotel that is expected to be a boutique, 243-room property that’s part of the Curio by Hilton collection. The price tag for the hotel and attached parking garage — according to records filed with the state of Ohio — is $135 million. Plans for the hotel include several restaurants, a coffee bar, conference space and a fitness center. No structure has been built yet.

• The museum opened a holographic exhibit.
The Hall in the summer of 2016 debuted a holographic theater exhibit that was heralded as an example of the technological features that will be on display throughout the Village. A hologram of Joe Namath narrates a show where Hall of Famers appear via video and talk about the life lessons they’ve learned playing football. The audience sits inside a locker room where lights flash and benches rumble as part of the show. Immersive Artistry, a multisensory entertainment company, created the exhibit and is part of the Village’s development team.

• Developers have purchased dozens of properties surrounding the Hall.
The real estate acquisition company set up by the development team owns more than 130 parcels, most of which are single-family homes. Some demolition has occurred to make way for new development, but many of the homes still are standing.

People and plans
• Johnson Controls purchased the naming rights to the Village.
Johnson Controls — a building efficiency and battery company with operational headquarters near Milwaukee — in 2016 bought the naming rights to the Village in a nine-figure, 18-year deal. As part of the agreement, Village developers promised to outfit the Village in building technology from Johnson Controls. Since then, the Village has been billed as the first-ever smart sports and entertainment complex.

• A new leadership and advisory team was formed for the Village, led by financial and strategic adviser Michael Klein.

The Village development began as a partnership between the Hall and real estate company Industrial Realty Group, but the leadership team has expanded. Boutique advisory firm M. Klein and Company, in collaboration with the Hall and IRG, will oversee development moving forward.

• Canton, in partnership with Cleveland, became a finalist to host the NFL Draft.

The joint bid from the two cities lost to Nashville for 2019, but Northeast Ohio still is a finalist for the 2020 draft, when more of the Village is expected to be built.

• A committee of Stark County leaders and NFL executives began planning to host the NFL Centennial Celebration in 2020.
Officials with the Hall say they want to have as much of the Village as they can completed by Sept. 17, 2020, which is the NFL’s 100th birthday. Canton is expected to host a multi-day celebration that includes an invite for every NFL player.

Reach Alison at 330-580-8312 or [email protected].

On Twitter: @amatasREP



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July 06, 2018

JUST SOLD! 3,328 S.F. OFFICE/MEDICAL FREE STAND BUILDING

Closed on 7/5/18 for $139,900. New owner is Aquila Realty, LLC. - 1546 Fulton Rd NW, Canton, OH - Modernized medical turn key office building. Includes large waiting room, 3 person staff area, 6 exam rooms, surgery room, lab, break room, office and 3 restrooms. Washer/dryer hook up in suite. Recently updated HVAC.

Lower level is full footprint basement with two staircases. Functional for storage. High visibility on Fulton Rd / SR 687. Owner is retiring.

Contact Spencer Hartung or Wick Hartung for more details.

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