X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Mead Corp. announced Wednesday it will close its 380,000-sf manufacturing facility here in October, a move that could mean an increase in available plant space or an opportunity for new multifamily development on the site. The company tells GlobeSt.com it plans to sell the property next year.

The 21-acre facility is in the Inman Park area east of Downtown at 810 Lake Ave., NE. The Dayton, OH-based company employs about 215 people and produces school and office products.

Mead’s plants in Alexandria, PA, Garden Grove, CA and St. Joseph, MO are expected to continue operations.

The Pittsburgh office of Jones, Lang LaSalle will be marketing the property. JLL Asset Manager Dan Adamski tells GlobeSt.com most of the interest to date is from multifamily and retail developers.

“Most of (the interest) has been in the land value,” Adamski says. “All the interest so far has been in mixed use. The area has been gentrified since the plant was built; it’s no longer really a manufacturing area.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.