NEWSWIRETODAY Press Release& Newswire Distribution | HOME
PRTODAY / NewswireToday press release distribution service network
Agency / Source: PR / Writing Service

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Industrial Realty Group of Los Angeles Unveiling GM Moraine Plant Redevelopment - Last week, IRG announced new Goodyear Global HQ in Akron. Today, it's up to 2,000 jobs at the 4 million square-foot GM Moraine Plant. Soon, IRG will release plans for UPS at Dayton International Airport -
Industrial Realty Group of Los Angeles Unveiling GM Moraine Plant Redevelopment


NewswireTODAY - /newswire/ - Moraine, OH, United States, 2011/04/26 - Last week, IRG announced new Goodyear Global HQ in Akron. Today, it's up to 2,000 jobs at the 4 million square-foot GM Moraine Plant. Soon, IRG will release plans for UPS at Dayton International Airport -

Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate / Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Industrial Realty Group CEO Stuart Lichter and his colleagues at IRG haven’t seen a shuttered U.S. Air Force base, abandoned auto plant or mothballed manufacturing facility they didn’t like. Their efforts are yet another step forward in a Rust Belt renaissance of decrepit manufacturing facilities, particularly in Ohio, given a second lease on life by a native New Yorker.

Founded in Los Angeles by Lichter more than three decades ago, IRG breathes life into communities, spaces and places with its own renaissance-based motif.

Last week, the Los Angeles-based real estate investment firm joined forces with a paragon American brand, The Goodyear Tire and Rubber Company, to officially unveil a $160 million Rust Belt renaissance project, a breath of fresh air for a rebounding U.S. economy, and the next generation of Goodyear in Northeast Ohio.

Today - Tuesday, April 26 - IRG is in Moraine, Ohio, to unveil its plans to redevelop the GM Moraine Plant with U.S. Senator Sherrod Brown, Moraine Mayor Elaine Allison, Congressman Mike Turner and Ohio Secretary of State Jon Husted. Other attendees will be state representatives, various county commissioners, school board members, city council members, university representatives and business owners. This event is not open to the public.

Moraine Redevelopment to create as many as 2,000 new jobs.

IRG plans to convert the more than 4 million-square-foot GM Moraine facility to independent structures of approximately 300,000 to 800,000 square feet each. IRG anticipates 1,000 to 2,000 new jobs as a result of the site's redevelopment.

"The GM Moraine plant is a gem. At IRG, we have been looking to this day for some time," said Lichter. "Properties like GM Moraine should be regarded as a treasure, which they truly are. It's our job, along with our partners, to restore, rejuvenate, and reconvene interest in this icon of the Moraine community."

Additional details will be provided at today's press conference, scheduled for 10:30 am. For additional information regarding IRG, please contact Mr. Andy Hemmer, President of PR.

IRG is also looking to finalize a redevelopment deal soon, with the City of Dayton, for the UPS facility near the Dayton International Airport.


The partnership announced last week by Industrial Realty Group ( was attended at the Goodyear headquarters in Akron by Ohio Gov. John Kasich, members of Congress, state, local, public and private officials, further refining the art of an IRG renaissance project: embracing huge, outdated industrial facilities with a renewal plan, capital, ingenuity and style.

Originally conceived in 2008, Lichter has stayed the course with the massive, sprawling Goodyear project throughout its many twists and turns. The Akron-based titan of the U.S. tire industry similarly stuck with IRG, as both ride a U.S. economy lurching toward recovery, led by a Rust Belt renaissance.

“It’s been a very long road, through a horrible recession and lots of challenges. All parties involved should celebrate this accomplishment,” said Lichter. “The unfortunate fact is, that the country has gone into this recession, and it has created a lot of niche opportunities, for what we do best.

“Almost all of our property is purchased through corporate America and government entities. ‘White Elephants, ’ as it were, that need to be converted to their next generation of use,” Lichter added. “The part of this that we’ve become good at, that we’re really proud of, and what might just get us the most excited, is the redevelopment of all the facilities Goodyear will be vacating. We have done quite a bit of new construction like this, but usually only because we’re already focused on an existing asset.”

Goodyear Chairman, CEO and President Richard J. Kramer joined Lichter and Ohio Gov. John Kasich at the Goodyear groundbreaking last week, joined by Akron Mayor Don Plusquellic and Summit County Executive Russ Pry. Also attending were a number of federal, state and local officials – all who helped negotiate the deal – and together, shovels in hand, they helped start construction at the worksite.

“This was truly a remarkable team effort and a good example of the public and private sectors working together for the common good,” said Kramer.

“Goodyear is proud to be a global company headquartered in Akron, Ohio. Both Goodyear and the city have changed and grown over the years, but our commitment to Akron remains constant. Goodyear will continue to be a vital part of this community’s future.”

The groundbreaking took place on a grassy lawn, site of the new facility, just south of the Goodyear Innovation Center.

The Goodyear new headquarters complex is scheduled to be completed in early 2013. At that time, Goodyear will relocate about 2,000 associates into the building, which will serve as headquarters for the company’s global operations and North American tire business team. The new building will connect with Goodyear’s existing Innovation Center and serve as a central campus for the company in Akron. The Innovation Center is currently home to more than 800 associates.

As part of the agreement, Goodyear will lease the office space through 2038 and have potential options through 2093. The project was announced several years ago, but was delayed by the credit crisis.

Goodyear is one of the world’s largest tire companies. It employs approximately 72,000 people and manufactures its products in 56 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to

The assignment at Goodyear, covering 480 acres as well as the new, 639,000-square-foot complex, is the second-largest for IRG. The biggest: a former Superfund site, McClelland Air Force Base near Sacramento, which IRG bought in 2000 and transformed into 3,000 acres of office/industrial, hotel, recreational, FBO and chapel space.

Up next for IRG: a former United Parcel Service facility in Dayton. Details will be revealed soon.

About Industrial Realty Group

With 80 million square feet of projects in 22 states and affiliate management offices in New York, Chicago, Cleveland, Sacrament and Los Angeles, IRG ( is one of the largest full-service redevelopment companies in the United States. IRG and its properties employ more than 300 people.

IRG specializes in the redevelopment and adaptive reuse of excess corporate real estate and manufacturing facilities, closed military and government facilities, under-utilized corporate campuses, industrial parks and large vacant buildings.

IRG is among the largest private owners of commercial and industrial properties in the country, and is widely recognized as one of the largest in repositioning under-performing assets through adaptive reuse.

Mr. Lichter’s company is unique, in that it vertically integrates the real estate cycle. IRG utilizes a large network of professionals that specialize in every phase of a real estate transaction, from acquisition and construction to management and disposition.

IRG is proud to sustain relationships with Delphi, United Technologies, NASA, Ford, Northrop Grumman, BF Goodrich, Levi’s, Goodyear Tire and Rubber Co., GM, Siemens, Martin Marietta Materials, Lockheed Martin, Kohl’s, NaviStar, Hoover, Rubbermaid, Lowe’s and Target.

For more information about Industrial Realty Group, please call the Los Angeles headquarters at (562) 803-4761 or visit

Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate / Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Agency / Source: PR / Writing Service


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick NewswireToday Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Real Estate / Property Management articles,
CATCH Visitors via Your Competitors Announcements!

Industrial Realty Group of Los Angeles Unveiling GM Moraine Plant Redevelopment

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Contact: Andy Hemmer - 
513-604-5428 andyhemmer[.]
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PR / Writing Service securities in any jurisdiction including any other companies listed or named in this release.

Real Estate / Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From PR / Writing Service / Company Profile

Read Real Estate / Property Management Most Recent Related Newswires:

NHE to Assume HOA Management of Five Additional South Carolina Communities
Armada Analytics, Inc. Relocating Headquarters, Expanding Operations in Greenville, South Carolina
Yardi Relaunches Popular CRE Marketplace
SC's NHE Announces Construction Start for its first Affordable Housing Community in Charlotte NC
Six South Carolina Communities Turn to NHE Association Management
Affordable Housing for Seniors Expands in South Carolina as Renaissance Place from NHE Breaks Ground
South Carolina Property Management Group NHE Promotes Three, Adds Three to Accounting/Finance Team
NHE Adds Riverstone Community to Growing South Carolina Homeowners Association Portfolio
NHE Headquarters Building Named in Honor of Former Verdae CEO - AO-The Space Spa & Salon Relocating
NHE Relocates Corporate Headquarters to New Building At Legacy Square in Greenville, South Carolina
NHE Begins Leasing on Newly Completed Affordable Housing Apartment Community in South Carolina
NHE to Manage The Ironwood Community in North Augusta, South Carolina
NHE Adds Management of Four South Carolina Communities to its Homeowners Association Portfolio
Lollis Named Vice President of Finance at South Carolina-based Property Management Firm NHE
Yardi Showcasing New Innovation At 2019 Realcomm ׀ IBcon Conferences in Nashville, Tennessee

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  Limelon Advertising, Co.

Visit  La Bella Bakery Artisan Bakery Arizona

  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (