In 2012, Amerimar, Inc. secured a one-year option to buy the former Firestone offices and tire plant and the Greystone Hall building in order for office space related to the oil and gas industry.
The company seeked $40 million in tax credits and Akron City Council approved historic designations to the buildings, allowing them to be eligible for $40 million in tax credits.
This was a $5 million investment for the company. Currently, these properties are still under contract.
The Firestone property was planned to be used for administrative, engineering and research job offices all linked to the oil and gas drilling in the Utica shale formation.
“We’re actively soliciting tenants,” said James Loveman, a director at Amerimar Realty. “If gas and oil companies are interested, we’d love to have them.”
The former Firestone properties are a 1.3 million square foot property, located at 1200 Firestone Parkway and 1301 South Main Street in Akron.Read the rest of the article here.
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