from the publishers ofis the exterior, windows, doors, etc.; the second is for plumbing, electric...

Th e Toledo Harbor Lighthouse Preserva-

tion Society (THLPS), an all volunteer 501(c)(3)

non-profi t organization with over 400 mem-

bers, is investing $2.6 million to renovate and

restore the Toledo Harbor Lighthouse. Ac-

cording to Sandy Bihn, president, THLPS,

the current phase of the project includes a to-

tal of $638,000.

Th e Toledo Harbor Lighthouse is a three-

story structure with an annex, a cellar, and a

three-story tower, totaling 4,000 square feet.

Th e restoration has three overall phases – one

is the exterior, windows, doors, etc.; the second

is for plumbing, electric (the electric is and will

toledobiz.com JULY 2020 Vol. 38 · No. 7

From the Publishers of

TIM

E SE

NSIT

IVE

MAI

L CH

ANGE

SER

VICE

REQ

UEST

EDD

evel

opm

ent N

ews

form

erly

Bus

ines

s A

dvan

tage

P.O

. Box

19

86

Tole

do,

Ohi

o 4

3603

Amazon begins construction at former Southwyck site

page 2

NAI Harmon, Mercy plan $8-10M project

page 8

page 4

River Rock Property Group, LLC, a

Toledo-area real estate fi rm, has com-

pleted its purchase of the former Holi-

day Inn French Quarter hotel proper-

ty at 10630 Fremont Pike (Route 20) in

Perrysburg Township. River Rock said

that the Holiday Inn French Quarter

building, which ceased operations just

over a year ago, will be demolished

River Rock to redevelop

French Quarter

…continued on page 11

A new solar panel manufacturing busi-

ness has launched in northwest Ohio. Th e

company, Toledo Solar, Inc. is producing

solar panels in a large manufacturing facil-

ity on Route 25 near Perrysburg in Wood

County. Th e over 300,000 square foot facil-

ity is the site of the former Willard & Kelsey

Solar Group, LLC, a solar panel business in

which signifi cant capital had been invested

in the land and existing building purchase

for its operations with additional investment

in the purchase and installation of machin-

ery and equipment. Th e business failed to

sustain operations and closed in 2013 ow-

ing money to a large number of suppliers and

other creditors including the State of Ohio.

New investment group

It was at the beginning of last October

when Toledo Business Journal (TBJ) fi rst vis-

ited the Toledo Solar facility. A door from

the plant to the front lobby area opened and

$30M solar panel plant set in Wood County



$25-30M mixed-use project in Perrysburg Township could include

retail, medical facilities, offices

The former Holiday Inn French Quarter

in Perrysburg Township

Toledo Solar’s 300,000 square foot facility in Wood County

THLPS investing $2.6M to renovate, restore Toledo Harbor Lighthouse

2 · DEVELOPMENT NEWS · JULY 2020 DEVELOPMENT NEWS

419·865·0972 PO Box 1060 · Maumee OH 43537 · www.toledobiz.comArticles may be reprinted by obtaining written permission from the publisher.

Errors and omissions contained in editorial or advertising material are not the responsibility of the publisher.

Please send press releases to:

[email protected] send subscription inquiries to:

[email protected]

DEADLINESEditorial:

15th prior to publicationAdvertising

17th prior to publicationFrom the Publishers of

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Th e City of Toledo has offi cially sold the

former Southwyck Shopping Center prop-

erty to Amazon. In March, Toledo Mayor

Wade Kapszukiewicz announced the City’s

plan to sell the 58.5-acre property to the

Fortune 500 company to build and operate a

delivery station. Less than 75 days aft er en-

tering into a purchase agreement, the City

transferred ownership of the property.

“Th is project is moving forward at an

unprecedented pace,” said Brandon Sehl-

horst, commissioner of economic develop-

ment for the City of Toledo. “Th anks to the

support of Toledo City Council, the City

Plan Commission, and the economic devel-

opment team, the City was able to transfer

the property in record time to meet Ama-

zon’s aggressive construction timeline of

being open by end of 2020. Construction

has already started on the site.”

Amazon will construct a 150,000 square-

foot delivery station on the property that

will provide delivery services within a

45-minute radius of the site. Th e $25 million

facility will directly employ 110 people and

300 independent delivery contractors.

“Our primary goal was to put this prop-

erty back into productive use in a man-

ner that strengthens the surrounding area

through the creation of new jobs and new

capital investment,” Mayor Kapszukiewicz

said. “I believe this project will accomplish

that goal through the creation of more than

400 jobs that will have a multiplier eff ect on

the Reynolds Road corridor.”

Th e City has implemented a tax incre-

ment fi nancing (TIF) area for the site that

allows the City to recoup its entire $3.6 mil-

lion investment in the property.

“Unfortunately, the property only ap-

praised for $1.5 million, which is signifi -

cantly less than the $3.2 million for which

the City purchased the property in 2014,”

Sehlhorst said. “Even if we would have sold

it for the appraised value, the City would

have stood to lose $1.7 million in payback.

Th e TIF allows the City to be made fi nan-

cially whole over a period of time.”

No other incentives were off ered by the

City.

“Th is is another step – a huge step – to-

ward the revitalization of this entire area

and the Reynolds Road corridor. I am very

excited to welcome Amazon to our commu-

nity and thank them for investing in Tole-

do,” Mayor Kapszukiewicz said. “Th is proj-

ect demonstrates the importance of having

pad-ready development sites available with-

in the city in order to attract and retain jobs

for our residents.”

Signature Associates was the City’s com-

mercial real estate broker on the project.

Amazon begins construction at former Southwyck site

The site of the former Southwyck Shopping Center before Amazon began construction

July 2020 · Development News · 3

4 · DEVELOPMENT NEWS · JULY 2020 WEALTH MANAGEMENT

Alan B. Lancz & Associates, Inc.

Toledo

The Ashley Group

Maumee, Sandusky

Ameriprise Financial Services, Inc.

Multiple locations

Ameritas Investment Corp.

Perrysburg

Baird

Maumee

Berthel, Fisher & Co. Financial Services, Inc.

Toledo

Bollin Wealth Management, LLC

Perrysburg

Camelot Portfolios, LLC

Maumee

Capital Management Strategies, LLC

Toledo

Cetera Advisors, LLC

Toledo

Charles Schwab

Perrysburg

Citizen Advisory Group

Perrysburg

Citizens Wealth Management Group

Bluff ton, Bowling Green, Toledo

Citizens Securities

Toledo

CLA

Toledo

Creative Financial Partners

Perrysburg

Croak Asset Management

Toledo

Croghan Trust & Investment Services

Fremont, Maumee

DBR & Co.

Toledo

Edward Jones

Multiple Offi ces

Equity Planning Group

Toledo

Farmers & Merchants Investment Services

Multiple Offi ces

Fidelity Investments

Ann Arbor

Fifth Third Securities, Inc.

Toledo

Fourth Dimension Financial Group

Perrysburg

Garrison Financial, LLC

Toledo

Glass City Federal Financial Solutions

Maumee, Toledo, Bowling Green

Hantz Financial Services, Inc.

Maumee

Hartmann & Associates

Toledo

Heritage Financial Advisors, LLC

Waterville

Huntington Financial Advisors

Toledo, Perrysburg, Rossford

Indicator Advisory Corp.

Toledo

Informative Financial Services

Toledo

Kersten Wealth Management Group

Perrysburg

KMG Fiduciary Partners, LLC

Toledo

Lehner Carroll Shope Capital Management

Perrysburg

McDonald Partners, LLC

Toledo, Ann Arbor

Merrill Lynch

Multiple Offi ces

Morgan Stanley Wealth Management

Multiple Offi ces

Munn Wealth Management

Maumee

Patton Wealth Management

Maumee

PNC Wealth Management

Toledo

Premier Wealth

(Formerly First Federal Bank

Wealth Management)

Multiple Offi ces

Premier Wealth Management Group

Toledo

Prospera Financial Services

Maumee

Raymond James Financial Services

Multiple Offi ces

Rehmann Financial

Toledo

Retirement Group, LPL

Toledo

Toledo Area Leading Financial AdvisorsLeading Financial Advisors is a resource

being provided to Toledo Business Journal

and Development News readers.

We have worked to indentify fi nancial

advisors in our area with the highest

levels of assets under management

(AUM*). At this current stage, fi nancial

advisors are included from a geographical

area with a radius of approximately 35

miles around Toledo. We are interested in

expanding this geography with time.

Information from public records fi lings,

third party industry sources, and area

fi nancial advisory fi rms has been used in

this eff ort.

We are continuing to learn about

registered fi nancial advisors that may

qualify for inclusion who have high levels

of assets under management. We seek

information from area professionals that

will assist these eff orts.

* AUM is reached by investment advisory

assets or brokerage assets or both combined,

confi rmed through individual advisors and

fi rm representatives.

Financial Advisory Firms

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WEALTH MANAGEMENT JULY 2020 · DEVELOPMENT NEWS · 5

Retirement Guys Formula, LLC

Maumee

Savage and Associates, Inc.

Toledo, Bowling Green, Findlay

Skotynsky Financial Group, LLC

Perrysburg

Skylight Financial Group

Toledo, Sylvania

Seegert & Seegert Financial Advisors

Monroe

Standing Firm Financial

Bowling Green

State Bank

Toledo, Defi ance, Findlay

Summit Wealth Management Group / UBS

Sylvania

Strategic Investment Advisors

Sylvania

TDC Investment Advisory

Maumee

Touchstone Wealth Partners / UBS

Sylvania

Transamerica Financial Advisors

Maumee

UBS Financial Services, Inc.

Sylvania, Sandusky

Venture Visionary Partners

Toledo

Treece Investment Advisory Corp.

Toledo

Vantage Financial Group

Toledo

Voya Financial Advisors, Inc.

Toledo

Wells Fargo Advisors, LLC

Multiple Offi ces

Paul Abendroth, AIF®

DBR & Co.

Sandra M. Adam, CFP®, CRPC®

Merrill Lynch

Anthony Thomas Adamshick

Merrill Lynch

Christopher Thomas Anteau


James Michael Aubry


Nolan Baker


Beau Barrow, CFP®

Glass City Federal Financial Solutions

Charles Robert Bennett


David Bodner, ChFC®, CLU®, CLTC®


Donna Bogan, CLU®, ChFC®, CRPC®


Richard Todd Bohn


William Bohney

Farmers & Merchants Investment Services

Brian Boisselle, LPL®


Deborah S. Boisselle, LPL®


Phillip Bollin, CFP®

Bollin Wealth Management, LLC

Ryan Borucki, CFP®, C(k)P

DBR & Co.

Thomas Gerard Briggs


Scott Douglas Brown, MBA

Edward Jones

Scott Matthew Brown, CFP®, AAMS®

Edward Jones

Christopher Basil Brzuchalski


Jeff Bucher


Kevin Bucher, RICP®


Michael Buganski


Shawn Michael Burke


Robert James Buschur


John Campbell, CLU®, ChFC®, CFP®, AIF®


Beth Carr

Premier Wealth

(Formerly First Federal Bank Wealth Management)

Mark Clair


David Clarke, CLU®, ChFC®, CFBS®


Kevin J. Clingaman

Huntington Financial Advisors

Rick L. Cocke


Theresa Cooper


Michael Raymond Creps

Merrill Lynch

Eric Croak, CFP®


Timothy Robert Croak


Matthew Darah, CPFA®

Merrill Lynch

Bruce Deboer, CLU®, ChFC®, CLTC®


Cleves R. Delp, ChFC®


Matthew Detrick, ChFC®, CRPC®

Merrill Lynch

Bradford G. Dolgin


Michael Donahue, AAMS®, CRPC®, CPFA®

Merrill Lynch

Eric Donofrio, CFP®


Jason Elchert


Earl B. Emery, CFP®

Cetera Advisors, LLC

Shane Ewbank, CPWA®, CRPC®, CRPS®

Merrill Lynch

Alan Fadel


Dan Finkel, CFP®, AIF®


Craig D. Findley, CPWA®


Brady Fineske, CFP®


Michael Ray Foster


Robert Matheson Fox III, CRPS®, CRPC®, CFP®


Brian J. Funkhouser, CRPS®, CRPC®


Thomas J. Gagnet


Neil C. Garrison

Garrison Financial, LLC

Troy A. Greeley


Wendy Lamberg Greeley

Merrill Lynch

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6 · DEVELOPMENT NEWS · JULY 2020 WEALTH MANAGEMENT

Richard Gum Jr., CFP®


Jerry Hahn, CFP®

Baird

James Carl Happ

Merrill Lynch

Ann Hartmann, MBA, AEP®, CLU®, ChFC®


Chris Heerdegen, CFBS®


Dick Herrick, CLU®, ChFC®


Jim Herrick, CFP®


Mark Hetrick


David Himich


Carleton “Holly” Hollister


Michael Holly

Charles Schwab

Charles Ide II


Callie Jacoby, CFP®


Chris Jakyma, JD, CTFA®, AEP®

State Bank

Bob Jesionowski


Holly Christine Jensen


Philip Johnson, CLU®


Marcus William Jones


Craig Joseph

Equity Planning Group

Bill Kanary


Russell A. Karban, CFP®, ChFC®, AIF®


David Kaser, CFP®


Rick Kaser, CFP®


Kathy Kawczynski, CLU®, ChFC®, CFBS®, CLTC®


Merel Keck


Ryan Phillip Kelley

Retirement Group, LPL

Mike Kelso


Brad Kersten

Kersten Wealth Management Group

Phillip Kinney, CFP®


Mark Klopfenstein

Premier Wealth


Bob Kneisley, RIA®, CEO

Indicator Advisory Corp.

Crystal K. Lagger, CFP®


Alan Lancz

Alan B. Lancz & Associates, Inc.

Gary LeSage, AIF®


Jeff rey Peter Levesque

Merrill Lynch

Robert S. Loeb, CFP®, CPWA®


Maher Joseph Majdalani


Monica Malhoit, CFP®


Rita Mansour, CPWA®


John Mayer


Stephen Mayor


Devon Frances McArdle


Michael S. McCullough


Sean Joseph McGhee


Daniel Michael McHugh

Merrill Lynch

Tyler R. McKean, AWMA®


Aaron Mechling


John V. Melick III

Baird

Philip Alan Mendel


Patrick John Mollenkamp

Merrill Lynch

Tyson A. Moore

Transamerica Financial Advisors

Darren T. Munn

Camelot Portfolios, LLC

David Munn, CFP®


Michael Nusbaum


John T. O’Brien, AIF ®, CRPS®, CRPC®


Lee W. Odegaard

Edward Jones

Miles O’Mailia


David S. Patton


Dan Peffl ey, CLTC®, CFS®


Chris Pharis

Merrill Lynch

Michelle Pommeranz, CFP®

Lehner Carroll Shope Capital Management

James J. Porea


Jennifer Poirier, CFP®


Allan Michael Poturalski


Chaz Price, CFP®

America’s Retirement Headquarters

Jim Prisby


David Quinn


Jane Marie Rahe


Douglas James Rechtine


Robert W. Retzloff


Stanley Clyde Riggs

Standing Firm Financial

Deborah Ann Robinson, CFP®

Edward Jones

Joshua Rochon, CFP®

Fourth Dimension Financial Group

Cynthia S. Roepke, CFP®


Mickey Rosenberg, CLU®, ChFC®, AIF®


Edward L. Roth


Bob Ruff , ChFC®


Joel Rupp


Mary Ann Sanford


Charlotte Sargeant


Michael Sassaman

Capital Management Strategies, LLC

Kelly Savage, AIF®


Sean Savage, ChFC®, AIF®, CLU®


Jennifer Scroggs

Premier Wealth


Kevin Paul Seegert, CFP®

Seegert & Seegert Financial Advisors

Dale Seymour, MSM, CLU®, ChFC®


Gloria Sheline, CFP®


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JULY 2020 · DEVELOPMENT NEWS · 7

Gregory Ellis Shemas


Grant Sims, CFP®


Matthew Jon Skotynsky

Skotynsky Financial Group, LLC

Mark Smigelski


Ryan Smith

Merrill Lynch

David Robert Snell


Drew Snell


Tad Sobieszczanski, CFP®


John D. Spengler


Carey M. Stansbury


Sherri Stansbury


Daniel N. Steinberg, CLU®, ChFC®, AIF®

Vantage Financial Group

William James Stevens

Merrill Lynch

Spencer D. Stone Jr., CIMA®


Stephen Fredericks Sutherland


Robert Swansboro, CFP®


David Theiss


Craig Thistlethwaite


Robert M. Thompson

Merrill Lynch

Larry Tomczak, CLU®, ChFC®, CLTC®


Stephen S. Trudel, AAMS®

Edward Jones

Joel Tschantz, AIF®


Christopher Tucker


Jeff Turner


J. Brad Tyo


Gregory Wagoner, CFP®, MBA, CLTC®


William Todd Wagoner, CFP®


Christopher Otto Walker, CRPC®


Paul Wannemacher, CPA®, PFS®, CFP®


Craig A. Warnimont, CFA®


John Robert Weinert


Glenn Weisner

Merrill Lynch

David Williams

Merrill Lynch

Deborah Williams


Chris Winters, CRPS®, CPFA®


Angie Wingerd, ChFC®, CFP®, CFBS®, CLTC®


Gary Wise, CLU®, ChFC®, CFBS®, ChSNC®


Kenneth J. Wise


Kenneth J. Wise II, CFP®


Allen Wright, CFP®

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Sasha Wright, CFP®


Kent Wyse, CLU®, ChFC®, CLTC®


Richard Youssef

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NAI Harmon Group and Mercy Health

are planning a new residential and commer-

cial mixed-use development, adjacent to Mer-

cy Health - St. Vincent Medical Center at Page

Street. Th is announcement was delivered by

Bob Baxter, Mercy Health – Toledo president,

Ed Harmon, NAI Harmon Group CEO, Wade

Kapszukiewicz, Mayor of Toledo, and Marcy

Kaptur, Congresswoman.

Th e approximately fi ve-acre site will have

various retail stores and roughly 80 units that

will house Mercy resident doctors. Th e devel-

opment will complement the Cherry Street

Corridor and St. Vincent Medical Center.

“Th is development will create quality retail

space for businesses that want to locate and

grow near the hospital and will also provide

onsite, living opportunities for Mercy resi-

dents,” said Harmon. “ As soon as plans are

approved construction will start on the esti-

mated $8-10 million development which is ex-

pected to be completed by the end of 2021. ”

“Mercy Health wanted to do something

innovative and special along the disinvested

Cherry Street Corridor while addressing the

Mercy Health physician residents’ need for

housing,” said Baxter.

NAI Harmon and Mercy planning $8-10M project

Rendering of NAI Harmon Group and Mercy Health’s planned development near

Mercy Health - St. Vincent Medical Center

Th e Ohio Bureau of Workers’ Compensa-

tion (BWC) is deferring the due date for em-

ployers to pay their June, July, and August pre-

mium installments until September 1, accord-

ing to Ohio Governor Mike DeWine.

Governor DeWine said the deferral is de-

signed to help employers focus resources on re-

opening their businesses under his Responsi-

ble RestartOhio Plan, the State’s eff ort to restart

the economy while keeping Ohioans safe amid

the ongoing COVID-19 pandemic.

“By extending the premium due date, busi-

nesses can continue to focus on the safety and

well-being of their employees and custom-

ers during this health pandemic,” said Gov-

ernor DeWine.

BWC administrator / CEO Stephanie Mc-

Cloud noted the deferral is the second deadline

extension given to employers since COVID-19

emerged in Ohio in March.

“We’ve said since the beginning of this pan-

demic we would do our best to relieve the fi nan-

cial pressures employers are facing in this un-

precedented time,” said McCloud. “Th is is our

latest step, and I’m grateful to Ohio’s employer

community, our stakeholders, and our staff for

putting us in a strong position to help.”

Among several actions to help the business

community’s bottom line, BWC sent Ohio’s

private and public employers nearly $1.6 billion

in dividends in late April thanks to strong in-

vestment returns, declining injury claims, and

other costs savings, noted offi cials. Th e agency

is also sending at least two million face cover-

ings to employers and their workforce to weak-

en the spread of the coronavirus under its Pro-

tecting Ohio’s Workforce — We’ve Got You

Covered plan.

BWC extends due date

DEVELOPMENT NEWS JULY 2020 · DEVELOPMENT NEWS · 9

be from solar panels), and other infrastructure,

and the third is fi nishing and furnishing.

“Th is $638,000 will replace some bricks and

secure the fi rst fl oor, and windows and shutters

– already purchased – will also be installed. We

are also replacing some doors,” said Bihn.

Duket Architects, based in Toledo, is the

architect for the project, and the general con-

tractor will be decided in the coming weeks as

the project is out for bid. Th e current project

is expected to begin this summer and should

be completed sometime this year. Th e remain-

ing restoration projects and timing depends

on funding.

“Every eff ort is being made to restore the

lighthouse to its original composition. Elec-

tricity will be from solar and the water will

be gray water with drinking water brought

in. Th ere will also be a marine wastewater

system,” said Bihn. “We have raised nearly

$90,000, which provides naming rights for

each window, and we currently have a capital

campaign to put names on the step risers. One

vision is to have art in the fi rst fl oor of the tow-

er which depicts the view from the top of the

tower – about 64 feet out of the water.”

Bihn noted that the projects will create new

construction jobs, and once the restoration

is completed, there will be a need for a light-

house manager.

“Once the lighthouse is restored, there will

be four ‘keepers’ at the lighthouse welcom-

ing boaters and guests. Th e lighthouse will be

open from spring through fall. It will be a ma-

jor tourist destination and contribute to the re-

gion’s economy,”

Bihn also went on to explain the history

of the lighthouse, as THLPS’ mission is to re-

store, promote, and educate about the histor-

ic lighthouse.

“Th e lighthouse was dedicated May 23,

1904. The navigational light was automat-

ed in the 1960s and then no Coasties stayed

at the lighthouse. In 1989, the federal gov-

ernment was going to ‘get rid’ of the light-

house. Th e crib lights at the outfall of the

Maumee River in Maumee Bay had already

been demolished, but lighthouse enthusi-

asts saved the Toledo Lighthouse,” said Bihn.

“Th e Coast Guard spent about $1 million se-

curing the lighthouse which installed a steel

wall and boulders around the lighthouse and

put cement block windows in the fi rst fl oor to

stop vandalism.

“Th e structure of the lighthouse built on the

‘crib’ is in good shape,” explained Bihn. Tole-

do’s Lighthouse is architecturally unique with

a buff brick – Romanesque style with the roof

like the upside down hull of a ship. Th e Tole-

do Lighthouse is still operational and a nav-

igational aide for the Toledo shipping chan-

nel. And the Toledo Lighthouse is a positive

for Lake Erie.”

Bihn noted that there was interest from

tourism companies from all over the country

to restore the lighthouse.

“We want to thank Lucas County, Toledo

Metropolitan Area Council of Governments

(TMACOG), and the Ohio Department of

Transportation (ODOT) for their help to make

this project happen,” concluded Bihn.

Lighthouse…Continued from page 1

Th e US Small Business Administration

(SBA), in consultation with the US Trea-

sury Department, is setting aside $10 bil-

lion of Round 2 funding for the Paycheck

Protection Program (PPP) to be lent exclu-

sively by Community Development Finan-

cial Institutions (CDFIs). CDFIs work to ex-

pand economic opportunity in low-income

communities by providing access to fi nan-

cial products and services for local resi-

dents and businesses. Th ese dedicated funds

will further ensure that the PPP reaches all

communities in need of relief during the

COVID-19 pandemic.

“Th e forgivable loan program, PPP, is

dedicated to providing emergency capital

to sustain our nation’s small businesses,

the drivers of our economy, and retain their

employees,” said SBA administrator Jovita

Carranza. “CDFIs provide critically impor-

tant capital and technical assistance to small

businesses from rural, minority, and other

underserved communities, especially dur-

ing this economically challenging time.”

“The PPP has helped over 50 million

American workers stay connected to their

jobs and over four million small business-

es get much-needed relief,” said Treasury

Secretary Steven T. Mnuchin. “We have re-

ceived bipartisan support for dedicating

these funds for CDFIs to ensure that tra-

ditionally underserved communities have

every opportunity to emerge from the pan-

demic stronger than before.”

As of May 23, 2020, CDFIs have ap-

proved more than $7 billion ($3.2 billion

in Round 2) in PPP loans. Th e additional

$6.8 billion will ensure that entrepreneurs

and small business owners in all communi-

ties have easy access to the fi nancial system,

and that they receive much-needed capital

to maintain their workforces, according to

the SBA.

Th e Paycheck Protection Program was

created by the Coronavirus, Aid, Relief, and

Economic Security Act (CARES Act) and

provides forgivable loans to small business-

es aff ected by the COVID-19 pandemic to

keep their employees on the payroll. To date,

more than 4.4 million loans have been ap-

proved for over $510 billion for small busi-

nesses across America.

Th e SBA and the Treasury Department

remain committed to ensuring eligible small

businesses have the resources they need to

get through this time, noted offi cials.

$10B set for CDFIs to participate in Paycheck Protection Program

10 · DEVELOPMENT NEWS · JULY 2020 DEVELOPMENT NEWS

an individual in work clothes entered. He in-

troduced himself as Mark Hartel, one of the

company principals.

Hartel shared that he was part of a small,

hands-on investment group that worked

with undervalued assets that could be

turned into productive operations. He and

partners have been working on this project

for over two years.

Leading a $30 million initiative, Th e At-

las Venture Group has formed a new com-

pany that manufactures cadmium telluride

photovoltaic (CdTePV) solar panels at the

facility. Toledo Solar, Inc. began shipping

Tier 1 panels to customers worldwide in

June and has over $800 million in purchase

orders for solar panels, power converters,

and energy storage systems, according to

the company.

“I am thrilled to be manufacturing in

my hometown of Toledo, Ohio, the birth-

place of Cad-Tel solar technology”, stated

Aaron Bates, chairman of Th e Atlas Ven-

ture Group. “American solar installers un-

derstand that ‘Cad-Tel’ (CdTe) technology is

superior to foreign-made silicon (Si) panels.

Our installers have been seeking an Ameri-

can alternative to the current supply of Chi-

nese manufactured Si solar panels. Th ere is

an incredible demand in the US non-util-

ity (residential) market for our ‘Cad-Tel’

technology.”

Th e facility has an annual manufactur-

ing capacity of 100 megawatts (MW) and

employs 25 people with plans for having 70

employees by year’s end. Based on current

orders and scale up schedules, the company

estimates that it will reach an annual man-

ufacturing output of 850 MW by

2026, which is enough electricity

to power 170,000 homes.

Hartel lives in Cleveland,

but has spent significant time

in northwest Ohio. His group

learned about the idle Willard

& Kelsey facility and began their

investigation. Equipment in the

facility was in good condition,

much had been newly installed,

but there were operational issues

that had to be fi xed.

Hartel is a mechanical engi-

neer with some background in the tool and

die industry. He shared that he regular-

ly has spent time at the facility working on

fi xing machinery and equipment to make

it operational.

When Hartel met with TBJ, he explained

that the solar panel manufacturing line was

already operational and was able to produce

product. Th e last thing on the project time-

line was approval of the solar panels by Un-

derwriters Laboratory (UL).

Market situation

Hartel discussed the market situation

that the investment group faced with the

new venture. He explained that the business

would not be competing against many in-

dustry leaders that included First Solar. An

important segment of the solar panel mar-

ket is purchased for use in the utility indus-

try. Large solar fi elds are constructed and

their output is placed on the electricity grid

or aimed at large commercial users.

Instead of competing for this business,

Toledo Solar is targeting residential and

non-utility commercial applications. Har-

tel shared that the company currently has

a large backlog of orders that it will begin

to service.

“Toledo Solar has been working for about

a year to build a world class team, commis-

sion the initial 100 megawatts of equipment,

and begin production. We recognize the

void in the non-utility solar markets that

have been underserved by silicon solar pan-

els. ‘Cad-Tel’ is clearly a better option. We

are excited to lead this investment in Toledo

and continue to push ‘Cad-Tel’ solar tech-

nology forward,” Bates said.

Financing for the acquisition and the

working capital necessary to restart the

commercial operations was provided in part

by Enhanced Capital, a national impact in-

vestment fi rm. “We are thrilled to be a part

of Toledo Solar’s story,” Andrew Eick, di-

rector at Enhanced Capital said. “Our team

is constantly looking to support US-based

small businesses that bring back jobs and

support local communities. Toledo Solar is

a perfect example of that.”

Toledo Solar is the only US based man-

ufacturer of thin fi lm CdTe roof-

top panels and the second active

CdTe manufacturer in the na-

tion. According to the company,

it is the only manufacturer spe-

cifi cally serving the non-utility

solar market.

“Th e timing is right to launch

this solar venture. From 2008-

2013 most US solar companies

failed, but the issue was not the

viability of ‘Cad-Tel’ technolo-

gy,” Toledo Solar’s chief technol-

ogy offi cer, Dr. Alvin Compaan,

said. “Reliable ‘Cad-Tel’ solar manufactur-

ing was born here in Toledo, Ohio. Solar

Cells Inc and their partners at the Univer-

sity of Toledo created ‘Cad-Tel’ solar fi lms

in the 1990s. Th e technology was then suc-

cessfully commercialized by industry lead-

er First Solar Inc. With several decades of

collective experience in ‘Cad-Tel’, a well-de-

veloped supply chain combined with the re-

gion’s rich knowledge of ‘Cad-Tel’ thin fi lm

manufacturing, we could not be situated

better geographically.”

According to the company, CdTe thin

fi lm panels off er lower degradation and a

faster payback period for end-user custom-

ers than their silicon counterparts.

Future expansion

Hartel shared with TBJ an aerial pho-

to of the facility. It is positioned on a 30-

acre site with easy access to Route 25 and

Toledo Solar…Continued from page 1



Providing Commercial Services For All 50 States

10677 Fremont Pike | Perrysburg 721 Conant Street | Maumee

UNIT C1,330 SF

Lease Rate: $3,325/Month (NNN)Available: 1,330 SF

Former walk-in urgent care ·Move-in ready/landlord can renovate ·Excellent visibility ·Near Kroger, Panera and Chipotle ·33,917 vehicles per day on Fremont Pike ·

Lease Rate: $1,975/Month (MG)Available: 1,185 SF

Highly visible freestanding building ·Between Anthony Wayne Trail and Illinois Ave ·Renovated in 2011 ·24,822 vehicles per day on Conant Street ·

Greg Sullivan419.466.1404 c · [email protected]

and the property will redeveloped

into a multi-phase, mixed-use

commercial center to be known as

French Quarter Square.

According to the fi rm, it expects

that the French Quarter Square de-

velopment – when fully built out –

to create about 900 temporary con-

struction jobs and up to 150 perma-

nent jobs. Th e total capital invest-

ment for the project by River Rock

and occupying businesses is expect-

ed to be $25-30 million.

River Rock expects demolition to

begin this summer with new con-

struction to follow in late summer and

expects that the fi rst businesses open-

ing to the public will occur in spring or summer 2021.

Th e property was sold by Bennett Enterprises, which

operated the Holiday Inn French Quarter for 52 years. Rob

Armstrong, CEO of Bennett Enterprises, expressed his com-

pany’s satisfaction in the sale of the French Quarter to Riv-

er Rock.

“We are thrilled that this property has been acquired by

a quality developer. We are excited about being neighbors

to a development that will be a jewel not only for Perrysburg

Township, but for all of northwest Ohio,” said Armstrong.

Most commercial tenants of developments like French

Quarter Square prefer to keep their plans confi dential until

they are ready to make their own announcements about new

locations, noted the fi rm. Accordingly, it is River Rock’s pol-

icy not to publicly divulge which businesses will be opening

in French Quarter Square. However, River Rock did men-

tion that while plans are not fi nalized, the types of businesses

likely to locate in French Quarter Square include retail stores,

restaurants, hotels, medical facilities, and offi ces.

River Rock expects a mix of national and regional chains

along with local businesses.

“Despite the economic uncertainty created by the

COVID-19 pandemic, the interest

we have received from businesses

has been tremendous. Right now, we

have enough interest to fi ll the avail-

able space in French Quarter Square

at least twice over,” said Mike Den-

man, co-founder of River Rock.

Bill Bostleman, River Rock’s oth-

er co-founder, added, “Proximity to

the I-75 interchange, access to a traf-

fi c light, and the intense commercial

activity along Perrysburg’s Route

20 corridor make French Quarter

Square one of the best commercial

sites in northwest Ohio. It feels very

good that this project can provide an

economic shot in the arm to the local

community during these diffi cult times.”

River Rock Property Group was established in November

2018 by Bill Bostleman and Mike Denman. Th e co-found-

ers have nearly 60 years of combined experience in real es-

tate investment, management, leasing, and development.

River Rock Property Group manages River Rock Fund,

LLC, a private equity fund that is building – through ac-

quisition and development – a diversifi ed portfolio of com-

mercial real estate.

French Quarter Square is River Rock Fund’s seventh

commercial property.

River Rock to redevelop French Quarter …Continued from page 1

The former Holiday Inn French Quarter in Perrysburg Township

12 · DEVELOPMENT NEWS · JULY 2020 REAL ESTATE

Firm / Listing Agent: Reichle Klein

Group / Maria King

Represented: 3D Properties Development

LLC (Seller)

Firm / Buyer’s Agent: i.n.a.

Represented: i.n.a.

Location / Property Size: 1667 Brownstone

Blvd, Toledo / 5,000 sf

Transaction Type: Sale


Group / Maria King

Represented: Begin Properties, LLC (Seller)


Represented: i.n.a.

Location / Property Size: 2611 Shoreland

Ave, Toledo / 12,107 sf


Firm / Listing Agents: Reichle Klein

Group / Ryan Miller; Devin Graves

Represented: Byrndor Properties, LLC

(Lessor)

Firm / Leasing Agent: i.n.a.

Represented: i.n.a.

Location / Property Size: 2903 Dorr St, Ste

F, Toledo / 1,495 sf

Transaction Type: Lease


Group / Mike Fisher; Duke Wheeler, CRRP

Represented: D.J.B. Realty, Ltd. (Lessor)


Represented: i.n.a.

Location / Property Size: 3015-3021

Navarre Ave, Ste 214, Oregon / 562 sf

Transaction Type:

Lease

Firm / Listing

Agents: Reichle

Klein Group /

Mike Fisher; Duke

Wheeler, CRRP

Represented:

HJH 1 Toledo, LLC

(Lessor)


Represented: i.n.a.

Location / Property Size: 503-559 S

Reynolds Rd, Stes 9 & 10 / 6,930 sf



Group / Mike Fisher; Duke Wheeler, CRRP

Represented: HJH 1 Toledo, LLC (Lessor)


Represented: i.n.a.

Location / Property Size: 503-559 S

Reynolds Rd, Ste 7 / 1,200 sf



Group / Ryan Miller

Represented: Talon Renovations LLC

(Lessor)

Firm / Leasing Agent: Reichle Klein

Group / Michael Abernathy

Represented: Grindhrs Co, LLC (Lessee)

Location / Property Size: 625 Adams St, 1st

Floor, Toledo / 1,125 sf


Firm / Listing Agents: Signature

Associates / Joe Francis; Sam Zyndorf

Represented: SAS Airport, Ltd. (Lessor)

Firm / Leasing Agent: Signature

Associates / Megan Malczewski, CCIM,

SIOR

Represented: Glossed Up, LLC (Lessee)

Location / Property Size: 5350 Airport,

Toledo / 1,294 sf


Firm / Listing Agent: Outside Broker

Represented: Wong Properties (Lessor)

Firm / Leasing Agents: Signature

Associates / Robert P. Mack, CCIM, SIOR;

Megan Malczewski, CCIM, SIOR;

Represented: Milan Laser Ohio, LLC

(Lessee)

Location / Property Size: 5206 Monroe,

Toledo / 1,500 sf


Firm / Listing and Leasing Agents:

Signature Associates / Joe Francis; Aaron

Lewandowski

Represented: Central Retail Associates

(Lessor) and Red Line Circuit Training

(Lessee)

Location / Property Size: 7409 W Central,

Toledo / 3,700 sf


Firm / Listing Agent: Signature

Associates / Joe Francis

Represented: Lincoln Cleaners, Inc. (Seller)

Firm / Buyer’s Agent: None

Represented: DeLana Carter (Buyer)

Location / Property Size: 3622 Upton,

Toledo / 2,520 sf


Firm / Listing and Leasing Agent:

Signature Associates / Megan

Malczewski, CCIM, SIOR

Represented: Century Plaza, Ltd. (Lessor)

and Morgan Hudik (Lessee)

Location / Property Size: 5444 Airport,

Toledo / 1,000 sf


Lucas County Commercial & Industrial Sales(This information is public record gathered from the Lucas County Auditor’s Offi ce. Sorted by Dollar Amount. List is limited to those transactions over $10,000)

SELLER BUYER ADDRESS AMOUNT

SUIZA DAIRY GROUP LLC DEAN DAIRY ICE CREAM LLC 4035 UPTON AVE · TOLEDO $8,665,300

VETTER HOLDINGS LLC CHARLES E BOYK LAW OFFICE LLC 1500 TIMBERWOLF DR · HOLLAND $1,400,000

LANGENDERFER NELDA L SUCCESSOR TRUSTEE, ET AL M C LANGENDERFER LLC 11135 W CENTRAL AVE · SWANTON $1,300,000

DWJS LLC SCOTT ELLIOT A (TRUSTEE) 1427 S BYRNE RD · TOLEDO $1,013,000

KROGER CO (THE) DUSSEL PARTNERS LLC 196 DUSSEL DR · MAUMEE $650,000

MIKE & SONS PROPERTIES, INC TAOUIL MIKE 2531 W CENTRAL AVE · TOLEDO $500,000

MAUMEE VALLEY GIRL SCOUT COUNCIL HEALTH PARTNERS OF WESTERN OHIO 2244 COLLINGWOOD BLVD · TOLEDO $450,000

NOUR AND ADAM PROPERTIES LLC TAOUIL MIKE 2739 W CENTRAL AVE · TOLEDO $400,000

NASSAR FOUAD & JO ANN TRS GREATER METROPOLITAN TITLE, A DIVISION OF FIDELITY NA 3218 W SYLVANIA AVE · TOLEDO $235,000

3D PROPERTIES DEVELOPMENT,LLC MUSHER-EIZENMAN ABRAHAM & DARA (OR SURVTC) 1667 BROWNSTONE BLVD · TOLEDO $160,000

SOMMERSET HALL RENTALS LLC ALANO STEP ONE CLUB INC 2434 W SYLVANIA AVE · TOLEDO $99,000

EQUITY TRUST COMPANY CUSTODIAN FBO ANDREW FIDLER IRA GARDNER MATTHEW J 3227 MAPLE ST · TOLEDO $88,000

WEBB LINDE HURST (TRUSTEE) R ROWE COLLECTIVE HOLDINGS LLC 650 N STADIUM RD · OREGON $80,000

GRAHAM BRENT J & KIMBERLY A POWELL BLAKE G & ANNA (OR SURVTC) 4341 BROWN RD · OREGON $75,000

HALLMARK DEVELOPMENT CO, LLC MRL & AL (OR SURVTC) 9412 NEWBURY LN · WHITEHOUSE $63,900

SIMPSON LINDA S SUCC TR, ET AL NESTER SEAN & MALLORY (OR SURVTC) 4245 HOLT RD · SYLVANIA $62,000

WHALEN JOHN A NEAPOLIS DOHP LLC 8314 MANORE RD · NEAPOLIS $60,000

RIGG RESTORATION, LLC ED CUTCHER’S AUTOMOTIVE LLC 4926 WYNNSCAPE DR · OREGON $29,000

LINCOLN CLEANERS INC CARTER DELANA 3622 UPTON AVE · TOLEDO $25,000

AL-GHARIB ALI GLASPIE DAMON 1425 BROADWAY ST · TOLEDO $15,500

KENNEDY ROY C NER PROPERTIES LLC 747 E BROADWAY ST · TOLEDO $14,000

Ryan Miller

Michael Abernathy

Sam Zyndorf

Maria King

Megan Malczewski, CCIM Duke Wheeler, CRRPRobert P. Mack, CCIM, SIOR

Devin GravesMike Fisher Joe Francis Aaron Lewandowski

To submit your company’s transactions,

email them to [email protected]

or fax to 419·865·2429

Submission deadline is the 10th of the month

prior to publication

in close proximity to I-75 and the I-80/I-90

Ohio Turnpike.

Th e aerial photo showed open and avail-

able land that could support future expan-

sions. Hartel shared that an important ob-

jective was for the solar panel production

operations to become established and then,

at the right time, initiate an expansion of

the facility.

Th e business has not used economic de-

velopment incentives for the project. Hartel

advised that the investment group has the

ability to pull in other investment funding

when needed to support future growth.

Toledo Solar…Continued from page 10


OFFICE SPACE FOR SALE OR LEASE

FOR SALE: 28 N. Fearing St.2600 sq ft of offi ce space, 2.75 acres of land, high traffi c count @ intersection of Hill Ave. Asking $139,900DanDiSalle, Jr. 419-261-4010

1613 H – BT – SPRINGFIELD TWP. 3,000 sq.ft. available. Great Access to Interstate. Many Opportunities. Contact: Bill Thees, 419-893-4415.

RETAIL SPACE FOR SALE OR LEASE

RETAIL SPACE FOR LEASE: 840 W. Boundary, Suite 32100 Sq. ft. Prime Perrysburg close to New car dealership, HIGH traffi c count & visibility on Rt . 25, join Papa Johns & Brodie Optom-etry, median HHI= $87,947!, median property value $208,900, NNNContact Dan DiSalle 419-261-4010 or [email protected]

FOR SALE OR LEASE: 3565 Libbey Road - Perrysburg, OH At I-280 & the Ohio Truck stop area 2906 square feet former Wendy’s w/ 2 drive through windows, some equipment remains. Contact Dan DiSalle 419-261-4010 or [email protected].

DEVELOPMENT PROPERTIES

NEAPOLIS-WATERVILLE RD. 48.77 acres in Waterville Township, close to proposed Meijer site & proposed commercial road. Nearly adjacent to existing industrial park. Lori Gater 419-340-2480 or Dan DiSalle, Jr. 419-261-4010

ACREAGE FOR SALE

ANTHONY WAYNE TRAIL CORNER LOT, MAUMEE, OH AT MICHIGAN AVE. 225x127. Asking $99,500. Contact: Dan DiSalle 419-261-4010 or [email protected].

AIRPORT HIGHWAY (ST RT 2) AT BROOKVIEW.226x206. Asking $84,900.Contact: Dan DiSalle 419-261-4010 or [email protected].

3468 DORR ST RIGHT @ BYRNE RD. – Roughly 80x250 HIGH visibility & traffi c counts just off U of Toledo campus! Now $220,000! Contact: Dan DiSalle 419-261-4010 or [email protected].

1/2 ACRE LOT – PERRYSBURG TOWNSHIP. 180 ft of frontage on Oregon Road just north of St Rt 795, only $49,900. Contact: Dan DiSalle, Jr., 419-874-2231 or Joe DiSalle, 419-460-5253.

SYLVANIA TWP – ZONE RD. 2 Commercial lots. Contact: Bill Thees, 419-893-4415.

4 lots DPC – BT –DEER PARK COURT. 4 Offi ce lots available. Next to Arrowhead, along Swan Creek. Can be combined, split. Contact: Bill Thees, 419-893-4415.

Visit www.DiSalleRealEstate.com for more information on these properties!

For Your Commercial / Investment Needs…419-893-4415 1909 River Rd., Maumee, Ohio 43537

NEW!NEW!

NEW!NEW!

9,040 SF – SYLVANIA TWPOWNER WILL EXPAND OR DIVIDE. FOR SALE OR LEASE

SWAN CREEK NEAR ARROWHEAD.21,000 SF. FOR SALE OR LEASE

Contact: Bill TheesDiSalle Real Estate Co.Commercial & Investment Division

419-893-4415

JULY JULY SPOTLIGHTSPOTLIGHT

14 · DEVELOPMENT NEWS · JULY 2020

American businesses are working hard to

take measures to protect their employees and

customers amid the COVID-19 crisis, how-

ever the risk of opportunistic lawsuits poses

a signifi cant barrier in their ability to bounce

back from the economic crisis. As business-

es start to reopen, employers simply want to

know that if they take reasonable steps to fol-

low public health guidelines, they will be pro-

tected against needless lawsuits.

According to offi cials, there is broad pub-

lic support, as well as strong support across

the political spectrum for liability protec-

tions, and a consensus is emerging on this

issue. Th e US Chamber joined over 200 di-

verse trade associations and other groups

calling for Congress to provide temporary

and targeted liability relief legislation. Th is

comes aft er the Chamber was also part of a

broad group of over 50 state and local cham-

bers that sent a letter in late-May on this im-

portant issue.

“During times of past crises, Congress

has passed liability protections on a biparti-

san basis, and must do so again,” said Har-

old Kim, president, US Chamber Institute

for Legal Reform. “Th e US Chamber and the

Institute for Legal Reform are leading this

coalition to urge lawmakers to protect busi-

nesses against the acute economic threat of

lawsuits.”

“Temporary, targeted, and timely liabili-

ty relief is critical as employers work to keep

their employees and customers safe and re-

open their doors as America moves towards

recovering from this crisis,” said Neil Bradley,

executive vice president and chief policy offi -

cer, US Chamber of Commerce. “Businesses

who follow public health guidelines shouldn’t

have to worry about lawsuits. Without tem-

porary liability protections many companies

face a daunting choice of either staying closed

and risking bankruptcy or reopening and

risking a business-crippling lawsuit.”

Bradley continued, “We must be focused

on a bipartisan strategy to get the Ameri-

can economy back on track safely and sus-

tainably, and unwarranted lawsuits against

businesses will hinder economic recovery.

As Congress and the White House consider

their next relief package, the Chamber be-

lieves it should include temporary safe har-

bor protections from lawsuits during the

COVID-19 crisis.”

US Chamber calls for liability protection for businesses

New companies are target purchasers of a large range of proudcts and services,

representing key growth prospects for area fi rms.

New Business Register is a monthly listing of new fi rms opening for business and

existing businesses changing address in the Toledo area. Information published

includes business name, principal, address, and phone number.

Visit toledobiz.com/publications.html for info

SEARCHING FOR INFO?SEARCHING FOR INFO?Credit Watch, a business monitoring service for the Toledo area provides a twice-

monthly report of Law Suits and Liens fi led against area companies. Companies

fi ling bankruptcy are also included in the report.

Each issue will enable you to monitor customers, suppliers, associates, and

others showing up in Credit Watch.

Andrew Singer has been appointed as the

director of the Master of Business Admin-

istration (MBA) program at Lourdes Uni-

versity. Joining the Col-

lege of Business and Lead-

ership in 2019 as an ad-

junct, he was named an

assistant professor in May

of 2020.

Singer, according to the

university, brings a wealth

of experience to Lourdes,

having led major glob-

al manufacturing com-

panies focused on the de-

livery of components and

systems to the wireless in-

frastructure market. Most

recently, he served as pres-

ident and founder of Sing-

er Executive Development,

LLC. Th roughout his 25-

year business career, he has

delivered results to com-

panies in the manufacturing, wireless tele-

communications, and technology indus-

tries. As president of Radio Waves in Mas-

sachusetts, he increased revenue by 300%

and substantially increased profi ts while

attaining an industry-leading 30% prof-

it margin.

Singer is the founder and writer of the

syndicated weekly business column “Down

to Business,” he authored Microwave Anten-

na Installation & Alignment, and has been

published in several industry trade jour-

nals. He also had the honor of receiving a

patent from the United States Patent and

Trademark Offi ce for a “Remote Title An-

tenna System.”

Lourdes University

Executive MBA Program

As director of the MBA program, Singer

will oversee a program that

graduates ethical business

professionals who play im-

portant roles in the auto,

agriculture, manufactur-

ing, transportation, f i-

nance, technical, retail,

and information sectors.

Th e MBA program can be

completed in six semesters

and is off ered 100% online,

as well as in hybrid and

face-to-face formats.

“We are looking to con-

nect with regional leaders

of for-profit, non-profit,

and government agencies,”

stated Singer. “Th e Lourdes

University College of Busi-

ness wants to work closely

with them in growing and

optimizing our executive MBA program so

that we can proactively help develop their

next generation of leaders.”

Education

Singer earned a Bachelor of science in

electrical engineering from Southern Illi-

nois University, a Master’s in business ad-

ministration from the University of Phoe-

nix, and is currently enrolled in the Doc-

torate in business administration program

at Indiana Wesleyan University.

Singer is a recipient of the RCR Silver

Award, served on the Radio Club of Amer-

ica board of directors, and is an emeritus

board of director of the Marco Island Po-

lice Foundation.

Lourdes names new MBA program director

Andrew Singer,

director, Lourdes University

MBA program

REAL ESTATE JULY 2020 · DEVELOPMENT NEWS · 15

CALL 4198650972 TO PLACE YOUR CLASSIFIED HERE!$20 for 20 words, $0.40 each additional word.

$5 additional to box the ad. $5 each bolded line.

$20 to add a logo or picture.

OFFICE FOR SALE OR LEASE

CLASSIFIEDSPHONE: 419.865.0972 FAX: 419.865.2429 DEADLINE: 15TH OF MONTH

FAIR HOUSING POLICYAll residential Real Estate advertising in this paper is subject to the

Federal Fair Housing Act, which makes it illegal to advertise any preference, limitation or discrimination based on race, sex, religion,

handicap, national origin or familial status. This paper will not knowingly accept any advertising for residential real estate which is in violation of the law. All readers are hereby informed that all residential properties

advertised in this publication are available on an equal opportunity basis.

ADVERTISING

LAND FOR SALE

LAND FOR SALE, MAUMEE - $625,000ACROSS FROM ST. LUKE’S HOSPITAL

3.92 ACRES, 673’ FRONTAGE, C-4CONTACT COLLEEN LACHAPELLE,

419-350-3024HARMONY REALTY GROUP

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THESE ARE PRIME SPACES ON THE FIRST FLOOR OFF THE LOBBY

3900 SQ. FT. FORMERLY 1. OCCUPIED BY AN ORTHOPEDIC SURGEON COMPLETE WITH THE X-RAY EQUIPMENT, 4 OFFICES, SEVERAL EXAM ROOMS ALONG WITH OPEN OFFICE SPACE1100 SQ. FT. ADJACENT TO 2. ABOVE FORMERLY OCCUPIED BY A PHYSICAL THERAPY OFFICE

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REPAIR SPECIALIST · GUTTERS · COMMERCIAL & RESIDENTIALLICENSED IN OHIO & MICHIGAN

Cletus PhoenixPROJECT MANAGER

[email protected] Oakmead Dr. 419-873-7382 (Offi ce)Suite 149 419-810-4555 (Cell)Perrysburg, Ohio 43551 419-873-7385 (Fax)

Pinnacle Roofi ng is an independent contractor and is not an affi liate of Owens Corning Roofi ng and Asphalt, LLC or its affi liated companies

Brian HintzeDirector of

Sales & Marketing

Email:[email protected]

Of ce: 1-888-419-3635Cell: 419-309-8737

BUSINESS CARD NETWORK Give us a call at 419·865·0972 to fi nd out how you can effi ciently reach thousands of readers each month!

PRIME OFFICE SPACE FOR RENT IN OREGON -469 SF

Charlesgate Commons 860 Ansonia Suite 14.

Off Navarre, close to St. Charles & I280.

Gas, water and electric included.CONTACT 419.720.0085

MINI FARM OR INCOME PROPERTY WITH LARGE BARNS FOR INDOOR STORAGE FOR

BOATS, CAMPERS, MOTORCYCLES, CARS, ETC.Two-three bedroom, two bath, 1.5 story home on 13.8 acres in

Lenawee County, MI. Fronts on a 6 acre pond. Located close to

lakes, state highways. Onsted Schools. $289,900.CALL DIANA AT FAUST REAL ESTATE, LLC

517-270-3646

Firm / Listing Agent: Miller Diversifi ed Realty / Tim

Schlachter

Represented: Vetter Holdings, LLC (Seller)


Represented: i.n.a.

Location / Property Size: 1500 Timberwolf, Holland /

22,477 sf


Firm / Listing Agent: Reichle Klein Group / Jason

Westendorf

Represented: Buckeye 7, LLC (Lessor)


Represented: i.n.a.

Location / Property Size: 7596 Kings Pointe Dr, Toledo /

1,837 sf


Firm / Listing Agent: i.n.a.

Represented: i.n.a.

Firm / Leasing Agent: Reichle Klein Group / Wyen Koan

Represented: Wa-el Nasser (Lessee)

Location / Property Size: 5151 Monroe St, Ste 210,

Toledo / 150 sf


Firm / Listing Agent: Signature Associates / Megan


Represented: Fairfi eld Commons Enterprises No. 2, LLC

(Lessor)

Firm / Leasing Agent: Outside Broker

Represented: Sirena Wax & Skin (Lessee)

Location / Property Size: 5166 Monroe, Toledo / 800 sf




Represented: Liberty Square Partners, LLC (Lessor)

Firm / Leasing Agent: None

Represented: Gifted Hands Health Services (Lessee)

Location / Property Size: 4149-4169 Holland Sylvania,

Toledo / 788 sf




Represented: LLF&F Group, Ltd. (Lessor)

Firm / Leasing Agent: None

Represented: Steinberg Financial Group, Ltd. (Lessee)

Location / Property Size: 5800 Monroe, Sylvania / 862 sf




Represented: LMB Properties of Northwest Ohio, LLC

(Lessor)

Firm / Leasing Agents: Signature Associates / Megan

Malczewski, CCIM, SIOR; Robert P. Mack, CCIM, SIOR

Represented: Bergmann Associates (Lessee)

Location / Property Size: 3234 Executive, Toledo / 2,616 sf


Firm / Listing Agent: Outside Broker

Represented: PC Court 1, Ltd. (Lessor)

Firm / Leasing Agents: Signature Associates / Robert P.

Mack, CCIM, SIOR; Megan Malczewski, CCIM, SIOR;

Represented: Toledo Radiological Associates, Inc. (Lessee)

Location / Property Size: 5757 Park Center, Toledo /

2,067 sf


Firm / Listing and Buyer’s Agent: Signature Associates /

Steve Serchuk

Represented: Bennett Enterprises (Seller) and River Rock

Fund, LLC (Buyer)

Location / Property Size: 10630 Fremont Pike,

Perrysburg / 9 acres


Jason WestendorfMegan Malczewski, CCIMRobert P. Mack, CCIM, SIOR Tim SchlachterWyen Koan Steve Serchuk

To submit your company’s transactions, email them to

[email protected] or fax to 419·865·2429

Submission deadline is the 10th of the month prior to publication

16 · Development News · July 2020

Fifth Third Bank, National Association. Member FDIC.

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