JLL assists Stopol Equipment Sales in portfolio consolidation for new build-to-suit headquarters
Cleveland team coordinates 19-acre site selection for 25,000-square-foot build-to-suit in Valley City
CLEVELAND, Sept. 15, 2020 – Cleveland’s JLL team assisted Stopol Equipment Sales in the disposition of its Brunswick and Strongsville locations for a custom-built headquarters on a 19-acre plot in Valley City. Construction on the 25,000-square-foot facility broke ground in late August and is expected to reach completion by spring 2021. JLL Executive Vice President Donald Bain led the transaction.
This development is part of an overall expansion strategy for the plastic processing equipment reseller. Stopol Equipment Sales Owner, John Muzyczka, explains that recent growth has positioned the company to consolidate its older locations into one unified and modern building in nearby Valley City.
“We’ve experienced significant growth over the past several years and it’s become apparent that we need our own joined space,” said Muzyczka. “Ultimately, we decided to partner with JLL because of the team’s comprehensive market knowledge and experience with strategic site selection, development and execution.”
The new headquarters will consist of ample production and office space. It will feature an 80-ton overhead crane, reinforced concrete to support the weight of the machinery, a paint booth, custom wash bay and ample power for any production requirement. Janotta & Herner has been contracted to design and build the facility.
The decision to build in Valley City will benefit both the current employees and Stopol’s customers.
“When it came time to evaluate the relocation strategy, Valley City stood out as the best fit for employees and clients. With its convenient location to Stopol’s existing facilities, there will be no major changes to current commute times,” said Bain. “That, combined with Valley City’s compelling tax incentives, made the site selection an easy process. We’re looking forward to seeing this project come to fruition for the Stopol team.”
For more information, visit www.us.jll.com/cleveland/.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Stopol Equipment Sales
Based in Northeast Ohio, Stopol Equipment Sales was formed in August 2009 as a result of an employee purchase of Stopol, Inc. More than 11 years later, the company continues to strengthen its reputation in the industry as a re-seller of pre-owned and new plastic processing equipment. For more information visit stopoles.com.