PIQUA, OH- The Industrial Spring Company has announced that they have leased 48,600-square-feet at 9200 Country Club Dr. in Piqua's Scarborough Industrial Park. Tenants have now fully-leased the park and the owner, Joe Scarborough, has begun planning a new spec building for the park.
“The Scarborough Industrial Park will provide Industrial Spring Company with an ideal location adjacent to Exit 83 along I-75. The building presents them with a high quality image and is situated to capture the ongoing manufacturing growth in the Upper Miami Valley,” states Tim Echemann of Industrial Property Brokers, a Sidney, Ohio brokerage that represented Scarborough.
From the new location, Industrial Spring, a subsidiary of Industrial Door and based in Coon Rapids, Minnesota, will manufacture garage door springs for manufacturers, distributors and wholesalers. The expansion will give the company quick access to the nearby I-75/70 interchange and Dayton International Airport.
“The opening of the Ohio facility allows Industrial Spring Company a great opportunity to service our customer base more efficiently while allowing us the additional opportunity to employ displaced workers in the Piqua Community that were hit hard by the recent recession,” says Jay Osborn, the plant manager at the new location.
The Ohio Tax Credit Authority recently approved a 45 percent, five-year Job Creation Tax Credit for the city of Piqua because Industrial Door moved into the city. Industrial Spring opened on April 1st and has already hired 16 employees.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
