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From the Publishers of toledobiz.com APRIL 2020 Vol. 38 · No. 4 Crown Lift Trucks constructing new facility in Maumee Wealth New building to replace Management existing branch nearby page 4 on Technology Drive Crown Lift Trucks, a forklift manufac- Ohio local turer headquartered in New Bremen, Ohio, is constructing a new branch facility on governments sign North Jerome Road in Maumee to replace OneOhio agreement its existing facility currently located near- page 9 by on Technology Drive. …continued on page 8 Construction of Crown Lift Trucks’ new facility in Maumee Visit Amazon selects Toledo TOLEDOBIZ.COM for info on for 150,000 sf project An example of the infrared sauna at Restore Hyper Wellness + Cryotherapy Toledo Mayor Wade Kapszukiewicz and other offi cials at the announcement of Amazon’s project in mid-March CHANGE SERVICE REQUESTED Restore to open Company to construct delivery station and add in Perrysburg 120 new jobs on former Southwyck property Restore Hyper Wellness + Cry- formerly Business Advantage Amazon intends to build and operate Kapszukiewicz revealed in mid-March. otherapy, an Austin-based wellness a new 150,000 square foot delivery station “Th is is a huge win for Toledo and for this company, is building out and opening which will create 10 full-time jobs and 110 area of our city, which has been clamoring a location at Levis Commons in Per- TIME SENSITIVE MAIL SENSITIVE TIME Development News Box 1986 P.O. Toledo, Ohio 43603 part-time jobs on the Hawthorne Hills prop- for years for a much-needed redevelopment rysburg near OrangeTh eory Fitness erty, formerly known as the Southwyck Shop- on this site that has sat empty for too long,” …continued on page 10 ping Center property, Toledo Mayor Wade …continued on page 2 2 · Development News · April 2020 SOLD SOLD 4638-4652 Monroe St., Toledo 2121 S. Reynolds Rd. Former Bally’s Fitness Center Approximately 1.8 Acres Retail/Oĸ ce Lease 5424 Airport Hwy., Toledo 3,000 SF Turn Key Laboratory 631 & 633 S. Reynolds Rd. 4346 Secor Rd. 2100 W. Alexis, Suite B Commercial Property Sale. Former Rose City Motors. MulƟ -Purpose Oĸ ce Building Medical Oĸ ce Lease. Can Sub-Divide. 3.1 Acres - 1,700 SF Oĸ ce 17,568 SF Sale 3,529 SF Available Fadi Sbehi 419-377-0795 fsbehi@millerdiversifi ed.com innovative solutions at work millerdiversifi ed.com/realty create a mechanism for us to recoup the en- Amazon tire $3.6 million investment, which includes bonds and holding costs,” Mayor Kapszuk- …Continued from page 1 iewicz said. In order to protect the City’s investment Mayor Kapszukiewicz said. “Th is is anoth- in the property, and a strategically impor- er step – a huge step – toward the revitaliza- tant property in south Toledo, Amazon will tion of this entire area and the Reynolds Road be required to execute a conditional buy back corridor. I am very excited to welcome Am- option at closing. Th e option will allow the azon to our community and thank them for City to buy the property back for $1 in the investing in Toledo.” event Amazon has not developed the prop- Legislation will be presented to Toledo erty within four years. City Council authorizing the City to enter “Th e site’s size, easy access to I-80/90 and into a purchase agreement with Amazon for I-475, and proximity to customers and an ac- the sale and redevelopment of the property. cessible workforce lends itself well to being a “Our primary goal was to put this proper- Photo provided by logistics operation,” said Brandon Sehlhorst, ty back into productive use in a manner that www.quotecatalog.com a commissioner of economic development strengthens the surrounding area through for the City of Toledo. “Th ere is precedent the creation of new jobs and new capital in- for this use in the Reynolds Road corridor, vestment,” Mayor Kapszukiewicz said dur- was being marketed for the site. By proac- part of Toledo. Now, it is our great pleasure including Estes Trucking located down the ing a news conference at the Hawthorne tively rezoning the property, the City saved to welcome Amazon to this site.” street from this site, the J.B. Hunt Transport Hills property. Amazon up to 120 business days of entitle- Th e proposed structure of the deal al- Services operation at the former FedEx fa- According to offi cials, Hawthorne Hills is ments process. lows the City to recoup the $3.6 million in- cility on Reynolds Road, Williams Distrib- one of the largest available pad-ready devel- “Th is development is exactly what south vested into the site since it was purchased uting in the former Toys-R-Us store across opment sites in Toledo. Th e Kapszukiewicz Toledo needs to kick-start the prosperity by the City in December 2014. Amazon in- the street from this site, and the UPS major Administration proactively worked for two here on the site that many of us still know as tends to purchase the entire 58.5 acre site, distribution center on the other side of the years to attract a logistics and distribution Southwyck,” said Toledo City Council presi- and the property will be sold to the compa- Ohio Turnpike in Maumee.” user to the site. In July 2019, Toledo rezoned dent Matt Cherry. “We have welcomed other ny for $1. No other incentives are being of- “Th is announcement is another example the property from Regional Commercial – businesses back to this area, including Rahe fered by the City. of why Toledo is among the best at job-cre- Sign Overlay (CR-SO) to Limited Industrial & Co. CPAs and APS Medical Billing, which “The City will implement tax incre- ation and economic development,” said May- (IL) to align the property’s zoning with what saw the great potential of investing in this ment fi nancing for the property, which will or Kapszukiewicz. From the Publishers of Editorial: Advertising DEADLINES 15th prior to publication 17th prior to publication Please send press releases to: Please send subscription inquiries to: [email protected] [email protected] Articles may be reprinted by obtaining written permission from the publisher. 419·865·0972 PO Box 1060 · Maumee OH 43537 · www.toledobiz.com Errors and omissions contained in editorial or advertising material are not the responsibility of the publisher. April 2020 · Development News · 3 And we’re here to help make YOU KNOW WHAT it happen. Whether you’re a company of one IT TAKES TO RUN or a large scale operation, running a business is no small task. It takes A BUSINESS. passion, drive and dedication. As your business evolves, we’re here to offer experienced guidance and dedicated support to help you. 53.com/CommercialBank Fifth Third Means Business Fifth Third Bank, National Association. Member FDIC. 4 · DEVELOPMENT NEWS · APRIL 2020 WEALTH MANAGEMENT Leading Financial Advisors is a resource Toledo being provided to Toledo Business Journal and Development News readers. Area Leading Financial Advisors We have worked to indentify fi nancial advisors in our area with the highest levels of assets under management Financial Advisory Firms (AUM*). At this current stage, fi nancial advisors are included from a geographical Alan B. Lancz & Associates, Inc. Camelot Portfolios, LLC CLA area with a radius of approximately 35 Toledo Maumee Toledo miles around Toledo. We are interested in expanding this geography with time. The Ashley Group Capital Management Strategies, LLC Creative Financial Partners Maumee, Sandusky Toledo Perrysburg Information from public records fi lings, third party industry sources, and area Ameriprise Financial Services, Inc. Cetera Advisors, LLC Croak Asset Management fi nancial advisory fi rms has been used in Multiple locations Toledo Toledo this eff ort. Ameritas Investment Corp. Charles Schwab Croghan Trust & Investment Services We are continuing to learn about Perrysburg Perrysburg Fremont, Maumee registered fi nancial advisors that may qualify for inclusion who have high levels Baird Citizen Advisory Group DBR & Co. of assets under management. We seek Maumee Perrysburg Toledo information from area professionals that will assist these eff orts. Berthel, Fisher & Co. Financial Services, Inc. Citizens Wealth Management Group Edward Jones Toledo Bluff ton, Bowling Green, Toledo Multiple Offi ces * AUM is reached by investment advisory assets or brokerage assets or both combined, confi rmed through individual advisors and Bollin Wealth Management, LLC Citizens Securities Equity Planning Group fi rm representatives. Perrysburg Toledo Toledo Farmers & Merchants Investment Services Prospera Financial Services April 2020 · Development News · 5 Multiple Offi ces Maumee Fidelity Investments Raymond James Financial Services Ann Arbor Multiple Offi ces Fifth Third Securities, Inc. Rehmann Financial Toledo Toledo ou have a world to explore. You have a passion to follow. First Federal Bank Wealth Management Retirement Group, LPL Y Multiple Offi ces Toledo You have a desire to enjoy all that life has to offer. And at Fifth Third Fourth Dimension Financial Group Retirement Guys Formula, LLC Perrysburg Maumee Private Bank, we’re here to help write your story. Garrison Financial, LLC Savage and Associates, Inc. Toledo Toledo, Bowling Green, Findlay When you partner with us, we’ll provide you with a dedicated, local Glass City Federal Financial Solutions Skotynsky Financial Group, LLC Maumee, Toledo, Bowling Green Perrysburg advisor, backed by a team of financial professionals and digital solutions. Hantz Financial Services, Inc. Skylight Financial Group Maumee Toledo, Sylvania Together, we can achieve even more. Hartmann & Associates Seegert & Seegert Financial Advisors Let’s write your story. Toledo Monroe Heritage Financial Advisors, LLC Standing Firm Financial 53.com/privatebank Waterville Bowling Green Huntington Financial Advisors State Bank Toledo, Perrysburg, Rossford Toledo, Defi ance, Findlay Indicator Advisory Corp. Summit Wealth Management Group / UBS Toledo Sylvania Informative Financial Services Strategic Investment Advisors Toledo Sylvania Kersten Wealth Management Group TDC Investment Advisory Perrysburg Maumee KMG Fiduciary Partners, LLC Touchstone Wealth Partners / UBS Toledo Sylvania Lehner Carroll Shope Capital Management Transamerica Financial Advisors Perrysburg Maumee McDonald Partners, LLC UBS Financial Services, Inc.

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