CLEVELAND—Developers Chris Semarjian and Stuart Lichter frequently team up to buy and repurpose industrial properties in Ohio. Now, the pair has taken an important step in filling up the 140,000-square-foot 4780 Hinckley Industrial Parkway building, a former call center, which the duo bought late last year for $2.3 million. The Revenue Group has agreed to lease the first and second office floors with 46,676-square-feet. The accounts receivable firm signed a 15-year lease and will begin moving in shortly.
Lichter, the president of California-based Industrial Realty Group, and Semarjian bought the shuttered Ford Assembly Plant in Lorain, and in Akron, IRG redeveloped B.F. Goodrich's first rubber plant into Canal Place, which includes a mix of storage, office and industrial space.
James E. Klements and Denise W. Hahn of Weber Wood Medinger/CORFAC International, a real estate provider serving Northern Ohio, represented The Revenue Group in the negotiations.
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