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Diebold Inks Build-to-Suit Lease for 150,000-SF Facility

NORTH CANTON, OH-The maker of automatic teller machines and other electronic systems inks a build-to-suit lease deal for a 150,000-sf product distribution, repair and shipping center at the Akron-Canton Airport.

By Brian K. Miller | Updated on August 03, 2004

NORTH CANTON, OH-Locally based Diebold Inc. inked a build-to-suit lease deal for a 150,000-sf product distribution, repair and shipping center within the foreign trade zone at the Akron-Canton Airport. Diebold makes automatic teller machines and other electronic systems.The building will allow publicly traded Diebold to consolidate interrelated operations at two existing facilities in the Ohio cities of Mogadore and Seville. Construction is scheduled to get under way this month and be complete early next year. The building will include 25,000 sf of office space.John W.B. McDaniel of Dallas-based Mohr Partners negotiated the deal for Diebold. McDaniel tells GlobeSt.com that Diebold inked a 10-year lease that includes several five-year extension options. “They wanted to be able to improve logistics,” says McDaniel. “There were no comparable (existing) buildings that would accommodate the company.”The land is located at 5400 Lauby Rd. NW, within a foreign trade zone. Diebold will lease the building upon its completion from an entity affiliated with North Park Builders of Georgia. North Park Builders is leasing the land from the Summit County Port Authority. Port Authority president Christopher Burnham did not return a phone call seeking the specifics of the ground lease. The two existing product distribution and shipping centers that Diebold will be vacating are located at 3320-40 Gilchrist Rd. in Mogadore and 4700 Greenwich Rd. in Seville. The buildings will go on the market once the existing leases expire, says McDaniel.

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