Building On Chrysler Site Sells For $10 Million

A Texas investment group has paid $10 million to purchase the first building at the business park once home to the Chrysler plant, reports the Plain Dealer.

A company called PFP Twinsburg LLC, affiliated with Pinchal & Co. of Houston, paid more than $10 million for the building late last year, according to the newspaper.

That building is home to tenant Vistar, which stocks vending machines, movie theaters and retail stores.

Twinsburg Planning Director Larry Finch told the Plain Dealer the city is looking forward to the demolition of the rest of the old plant and believes interest in the CornerStone Business Park will pick up then.

"We are anxiously waiting for the site to get cleared and seeded and to have a better image portrayed from the Route 82 side," Finch told the newspaper. "We think once that happens, we'll start getting more interest."

Read the full article at the Plain Dealer website.