CASTLO News!

"CASTLO Secures Tenants, Reaps $370K in Grants"

~ Mid-January 2004, The Business Journal
 

STRUTHERS - Castlo Industrial Park, Struthers, ended 2003 on an up note, acquiring five brand-new lease agreements, four of them in the last quarter.

Also in 2003, the 120-acre park, in collaboration with the Mahoning County Special Projects Office, reaped more than $370,000 in grant monies that will help ensure the vitality of this former home of Youngstown Sheet & Tube Co.'s Struthers Works.

New Castlo tenants include IPI Industrial Painting Inc. of Merrimack, N.H.; Valley Recycling; Garden Scapes of Ohio Inc. and Ohio Cast Sales.

To take advantage of direct access to rail, Drywall Barn, a provider of drywall and other construction materials, expanded its lease from the 27,500-square-foot Building "1-3" to a five-year lease at the 53, 730-square- foot Building "C."' Drywall Barn and Timber & Lumber Co. are the park's anchor tenants.

One-year extensions of leases were signed with Penn-Ohio Sealing Co. Inc. and Aqua America Ohio Inc.

Last May, the U.S. Environmental Protection Agency selected Castlo to receive a $171,000 brownfields assessment grant. The funds will be used to perform a Phase II environmental assessment on the industrial park's western acreage.

 

Castlo also received a Clean Ohio grant of $201,091 for the former Youngstown Sheet & Tube's materials yard.

 

The grants will advance the park's efforts to earn a 'No Further Action' letter from the appropriate agencies. Instead of having to concentrate on clean up, we will be able to fully concentrate on marketing, expansion and the creating of new jobs.

Castlo can accommodate up to eight new structures, all with direct access to rail, according to the Mahoning River Corridor of Opportunity master plan. Other buildings are available to accommodate new tenants including facilities that offer a 10-ton crane, inside rail, loading docks and sprinkler systems.

The Mahoning River Corridor of Opportunity, of which Castlo is a founding member, is a public/private partnership working to restore viability to the 1,470 acres of industrial brownfield that spans the borders of Youngstown, Campbell and Struthers. This land was home to the old Sheet & Tube and Republic Steel Corp.

Construction will begin this spring on a 380-foot bridge from the foot of Walton Avenue into the center of the Mahoning Valley's largest brownfields. The city of Campbell is negotiating for land on which to build a new roadway with all new utilities to better serve that area.

Castlo also supports the Mahoning River Consortium's mission to restore and maintain the environmental quality of the Mahoning River corridor and watershed.

In addition, Castlo is committed to the Youngstown 2010 initiative.