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https://www.ohio.com/news/20181226/private-investors-cash-in-on-deals-at-rolling-acres
Teamsters Local 24 moved into the old National City Bank office at 2380 Romig Road in 2012 for $95,000, making improvements that will likely be bulldozed in the coming months. At the transportation workers’ regular meeting this month, it was announced that the union would have to move by Jan. 15.
“We did pretty good,” said the union’s president, Travis Bornstein. The property sold for $800,000. The union is now looking at temporary office space on West Market Street, just inside Akron near Fairlawn, Bornstein said.
The private landowners and the city have been sworn to secrecy as part of each deal. Bornstein would only say that his transaction was managed by CBRE, a national brokerage outfit.
Teamsters Local 24 union hall on Romig Road in Akron, Ohio. The union nearly tripled its investment when it sold the property a month ago to a mystery investor.
Teamsters Local 24 moved into the old National City Bank office at 2380 Romig Road in 2012 for $95,000, making improvements that will likely be bulldozed in the coming months. At the transportation workers’ regular meeting this month, it was announced that the union would have to move by Jan. 15.
“We did pretty good,” said the union’s president, Travis Bornstein. The property sold for $800,000. The union is now looking at temporary office space on West Market Street, just inside Akron near Fairlawn, Bornstein said.
The private landowners and the city have been sworn to secrecy as part of each deal. Bornstein would only say that his transaction was managed by CBRE, a national brokerage outfit.
Teamsters Local 24 union hall on Romig Road in Akron, Ohio. The union nearly tripled its investment when it sold the property a month ago to a mystery investor.
