TIPTON, IN-Abound Solar, a maker of photovoltaic solar modules, has leased a 781,750-square-foot industrial facility here. The company will spend about $300 million to create a new manufacturing plant for the modules, and plans to bring more than 1,000 full-time jobs to the 106-acre site.
A trust of contractors has held the building since the bankruptcy last year of its former owner, Getrag Transmission Manufacturing LLC. Patrick Lindley with Cassidy Turley represented the trust in the sale of the property. The property was never occupied, Lindley said.
A Boulder, CO-based real estate firm, WW Reynolds Cos., has purchased the property. The company also owns Abound’s facility in Longmont, CO.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
