A Manhattan-based investment company purchased a 75-year-old Ohio television tube manufacturing facility which had been a community anchor employing over 1,000 people. When the television market moved from glass tubes to flat screens, the company went out of business and the community suffered economic decline. Silverlode was engaged to secure incentives to redevelop the facility as an economic engine for the community.
Silverlode assembled a package of grant funds to allow the environmental remediation of the 45-acre property and to redevelop the building for multi-tenant use. Silverlode secured a competitive $5 million grant from the State of Ohio to renovate the facility and develop a modern, multi tenant space. The building was quickly re-tenanted into warehousing, call center, retail, and office uses.