Cushman & Wakefield|CRESCO professional Robert Wetzel represented global manufacturer Consolidates Precision Products in the lease of a 145,000-square-foot advanced manufacturing facility in Euclid, Ohio, bringing more than 120 new manufacturing and engineering jobs to the city.
CPP’s expansion to Euclid signifies a growing trend of industrial businesses choosing to move or expand in the city as a result of the newly appointed Euclid Industrial Opportunity Zone. Designated as a federal opportunity zone in 2018, the area is home to approximately 250 companies with an estimated $157 million of commercial and industrial construction being completed in the last year alone. The rapid growth of the area is attributed to the region’s business-friendly environment, convenient access to highways and public transportation, and an extremely dedicated economic development team.
Developed and owned by Fogg Corporate Properties, the building is located on the 80-acre Bluestone Business Park, which is home to other industrial giants such as Amazon, Lincoln Electric, Remedi SeniorCare and Guardian Technologies.
Founded in 1991 and headquartered in Cleveland, Ohio, CPP is a manufacturer of highly-engineered castings and sub-assemblies primarily for the commercial aerospace and defense markets. The company is expected to officially move into their new space in January 2020.
