Binswanger/CBB Arranges Sale of Navistar Manufacturing Plant in Urbana, Ohio.Business Editors PHILADELPHIA--(BUSINESS WIRE)--May 28, 2002 On behalf of the seller, Muzzy muz·zy adj. muz·zi·er, muz·zi·est 1. Mentally confused; muddled. 2. Blurred; indistinct. [Origin unknown. Road Property, Inc., Binswanger/CBB recently negotiated the sale of a 134,735 square foot building on 53 acres in Urbana, Ohio Urbana is a city in Champaign County, Ohio, United States, 47 miles (76 km) west of Columbus. Urbana was laid out in 1805, and for a time in 1812 was the headquarters of the Northwestern army. Urbana was named after a town in Virginia. . The property is located at 1570 Muzzy Road. Sale price was $1.2 million. Navistar International Navistar International Corporation (Pink Sheets: NAVZ) (formerly International Harvester Company) is a manufacturer of International brand commercial trucks, MaxxForce brand diesel engines, IC Corporation brand school buses, Workhorse brand chassis for motor homes and step vans, formerly occupied the property, operating an assembly plant for electrical truck harnesses. Navistar is a global leader in the manufacture and sales of trucks, buses and diesel engines, with nearly 1,000 dealerships in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. alone. The Muzzy Road facility was purchased by a private, local investor that will seek tenants engaged in the manufacturing and distribution industries. The new owner also plans to reactivate re·ac·ti·vate v. 1. To make active again. 2. To restore the ability to function or the effectiveness of. re·ac the property's railroad siding. This transaction marks the third sale completed by Binswanger/CBB in Urbana, following the sale of 50,000 sq. ft. to one of the first Honda suppliers, Tru-Tech Corporation, and the sale of the former 540,000 sq. ft. SC Johnson plant to Rittal Corporation. Headquartered in Philadelphia, PA, Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, an international full-service real estate organization with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, the Far East, South Africa and Australia. |
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