MENTOR, Ohio--(BUSINESS WIRE)--Greenbridge, a leading provider of sustainability solutions to packaging and consumer products companies across North America, is pleased to expand the organizational footprint to include Cleveland, Ohio as Greenbridge has executed upon a lease of the property located at 7000 Denison Avenue.
This property will include office space, warehousing and four lines for production of PET strapping. This new facility will bring 80+ jobs to the Cleveland Stockyard neighborhood.
The facility includes 145,000 square feet for manufacturing and warehousing and an additional 5,000 square feet of office space. Greenbridge will obtain keys to the building in November and the subsequent $7.6MM investment will include construction and installation to prepare for operation of the first line scheduled for April.
Together with our broker, Colliers, real estate investment partner, Industrial Commercial Properties, LLC, Industrial Commercial Construction, and a number of other local contractors, we have begun to contact the appropriate departments and organizations including Zoning, Environmental Health, and Licenses Divisions to determine the requirements for upgrading and opening this new facility.
Marcelo Passos, President and CEO of Greenbridge states, “We are pleased to have secured a long-term lease for this facility, consolidating our presence in the Cleveland area. In addition to the manufacturing facility, we will establish our new Corporate Executive office at the property. We appreciate the great collaboration from the many parties involved in making this location a new and very important location for Greenbridge.”
“We acquired this property with the vision and goal to turn it into a high-end manufacturing facility,” said Austin Semarjian, Vice President of Industrial Commercial Properties. “Our investment, along with Greenbridge’s commitment, has provided new life to the property, creating new jobs and bolstering manufacturing strength in Cleveland.”
“Greenbridge will be a great stakeholder for the City of Cleveland. The Colliers team appreciates the trust and confidence Greenbridge has in us, and we look forward to continuing our strategic partnership,” said Tim Breckner, Senior Vice President with Colliers.
With locations in Mentor and Green, Ohio, this new facility solidifies our commitment to Northeast Ohio and surrounding communities.
Greenbridge’s web site (www.greenbridge.com) contains additional information about these brands, the industry, products and services, and sustainable packaging equipment, tools, consumables, and solutions.
Founded in 1974, Greenbridge, formerly Polychem, is a leading provider of sustainability solutions to packaging and consumer products companies as well as municipalities across North America due to our expertise and focus on recycling and reuse. While best known for producing the broadest line of polyester and polypropylene bonded and woven strapping and cord in the industry, Greenbridge also offers cornerboard and a full suite of tools, parts, and fully integrated equipment we support through customer training, service and repairs. A Sterling Group portfolio company, Greenbridge is committed to the safety of our team, advancing the circular economy and customer success. Visit www.greenbridge.com.
About Industrial Commercial Properties, LLC
Founded in 1996, Industrial Commercial Properties LLC (ICP) is a real estate development company headquartered in Cleveland, Ohio, specializing in commercial and industrial rehabilitation, build-to-suits and economic redevelopment. One of the largest privately held commercial real estate companies in the United States, ICP currently owns over 150 properties with more than 350 tenants, totaling 46.5 million square feet of industrial, office and commercial space.