Euclid Industrial Corridor Attracts New Business and Investment
It has been a busy summer in Euclid’s Industrial Corridor with the addition of a new company on East 222nd Street and the construction of a second building at Bluestone Business Park.
After being vacant for over a year, the building at 1250 East 222nd Street has a new owner and tenant. The 152,000 square foot building was acquired in May by Weston Inc.
Weston has a strong track record of owning and managing large commercial properties through-out the country. Locally, the company developed the Fersenius dialysis center at Century Corners Business Park.
With assistance from the City of Euclid, Weston successfully attracted Mechanical Dynamics & Analysis (MD&A) as its first tenant in the building.
MD&A manufactures and repairs turbine parts for the electrical power industry. The company will bring over 40 new employees to the City of Euclid.
Much progress is also being made on Bluestone Boulevard where Ray Fogg Building Methods is nearing completion on the construction of a second industrial building.
With the first building fully leased, and strong local demand for high-quality commercial distribution space, Fogg broke ground earlier this year on the second building at Bluestone Business Park.
Bluestone Business Center 2 measures 127,000 square feet in size. It will feature 32 foot high ceilings, energy efficient T-8 lighting and a modern ESFR sprinkler system. The building will also receive 100% property tax abatement for 15 years through the City’s Community Reinvestment Area Program.
Bluestone Business Center 2 is currently available for lease. For more information, please visit www.fogg.com.
Jonathan Holody is Director of Planning and Development for the City of Euclid.