Fogg announces Bluestone Business Center

Ray Fogg Corporate Properties, LLC has announced it is breaking ground on the first project in its Bluestone Business Park in Euclid. Fogg will develop a speculative mutli-tenant industrial building of over 103,000 square feet. The building will feature clear heights of 32 feet, ESFR sprinklers and will incorporate sustainable design criteria for the shell building to meet LEED Silver standards. The building will be ready for occupancy by the fourth quarter of 2013.

The first 32,000 square feet has already been pre-leased to Remedi Seniorcare of Ohio-Northeast, LLC, who will utilize their portion of the building as an institutional pharmacy. This leaves roughly 71,000 square feet for additional tenants.

The development is big news for the northeast Ohio real estate market, because a significant speculative industrial building has not been built in the area for many years. Ray Fogg, Jr., President of Ray Fogg Corporate Properties, said “we believe the market is ripe for this development. There is almost no inventory of modern high bay industrial space in Northeast Ohio. We are confident the market is craving this product type.”

Bluestone Business Park is a certified Job Ready Site location. The park is extremely well-located directly at the E 260th Street exit of I-90/Rt. 2, within minutes of I-271, the Ohio Turnpike (I-80) and downtown Cleveland. Perhaps one of the most unique benefits of the industrial park is that it can be served by two (2) railroads (CSX and Norfolk Southern). The park has approximately 70 additional acres to accommodate future projects.

In addition to its location, the site boasts 100% real estate tax abatement for 15 years and a pro-economic development city eager to work with business.

Fogg’s design/build firm, Ray Fogg Building Methods, Inc., will perform all design and construction work for the project.  Marketing and management of the park will be handled by Ray Fogg Corporate Properties, LLC. Both firms are headquartered in Brooklyn Heights,Ohio.

For more information contact Ray Fogg, Jr. at 216-351-7976 or rayfoggjr@fogg.com.