A local business owner and his sons now own the 300,000 square-foot former Corning plant in Greenville and intend to develop the building as a distribution center, according to a real estate services company.
Michael Jones and three of his sons own the property at 1025 Martin St., according to Industrial Property Brokers.
The group plans to develop the facility which is located near the Greenville border on Ohio 36.
“Jones stated the facility is at the gateway into Greenville and would like the building to represent the economic growth and revitalization of the city of Greenville,” Industrial Property Brothers said in its announcement on the deal. “The new name for the facility is the Greenville Distribution Center.”
Industrial Property Brokers Principal Tim Echemann confirmed the sale.
“Warehousing is always in need and available industrial space is an advantage for community growth,” Jones said in the statement.
Jones is president and owner of Treaty City Industries, which has about 80 employees. That operation will not move, the release said.
Echemann and Darcie Crosson brokered the transaction.
The site was owned by an investment group, Corgix LLC. Prior to Corgix, the plant was owned by Corning until its closing in 2001. Corning was known for kitchenware, which was sold under the Pyrex brand name and was among the products made at the Greenville facility.
The building and property contain a railroad spur.
“The facility could have up to 100,000 square feet available and ready for lease this spring,” Echemann said.
Based in Piqua, Industrial Property Brokers offers sales, leasing, investment analysis, tenant representation and other services.