DWG Capital Partners, Inc. has completed the acquisition of 892 Callendar Boulevard, a 68,650-square-foot industrial manufacturing property in Painesville, Ohio, less than three miles from the shores of Lake Erie.
It was a sale-leaseback transaction with T & T Machine, Inc., a specialized manufacturer of machine parts for the healthcare, engineering, automotive, food & beverage and military markets, which has been in business since 1992.
Located in the business-friendly City of Painesville, 892 Callendar Boulevard was built in 1999 and is situated on 6.73-acres within the Blackbrook Road Industrial Park, which is 20 minutes from Downtown Cleveland. Cleveland Hopkins International Airport and two public airports are a short drive away.
The City of Painesville has developed an Economic Development Strategic Plan that seeks to encourage business growth and identify future development opportunities as the wider region continues to emerge as an attractive option for companies seeking a high-performing and diverse economy.
Mitchell Hoffman with Raven Oak represented T & T Machine in the sale-leaseback transaction. Dugan Kelley of Kelley Clarke PC and Mark Atkins of Reafco represented DWG Capital Partners.
