THURSDAY, NOVEMBER 13, 2008

American Utility Metals makes industrial purchase in Akron

by Drew Smith
Ohio

Baton Rouge, La.-based American Utility Metals has purchased a single-story manufacturing facility in Akron, Ohio for an undisclosed price from Scarborough, Ontario-based Vasilev Holdings.

Bob Raskow and Harry Stewart of NAI Cummins Real Estate brokered the deal on behalf of both parties.

The building is located at 1246 Princeston St. and contains 54,000 square feet. It has been fully leased to AUM for the past five years by its subsidiary, American Utility Processing, a joint venture between AUM and a local investors. AUP is a Utility Grade Stainless Steel 3CR12 distributor.

Address: 1246 Princeton St., Akron, Ohio

Size: 54,000 square feet

Lee & Associates announces industrial leases Clarius Partners announces 368,841-square-foot industrial development Plastics company makes move to Canton, Ohio, business park Grubb & Ellis facilitates 195,071-square-foot lease in Franklin Park Industrial market slide continued in first quarter I-55 Corridor: Vacancy less than expected CIP Summit panelists: Time to buy Farmer Bros. leases Northlake building Reusable Container takes 101,387 sq ft Sandler Sanitary sells its Chicago building