North Canton, Ohio
1.4 Million Square Foot Mixed-Use Complex
Myers Control Power
The Hoover District is a 1.4 million square foot mixed-use complex encompassing 15 buildings on 69 acres located in the heart of North Canton, Ohio. Ownership had an opportunity to leverage its historical place in the community; being able to create job opportunities for the community and real estate value for the investors.
Shortly after the purchase of the property in August 2007, long-term leases were signed with 4 new tenants bringing occupancy to approximately 77%.
Our vision for the asset is to leverage its unique location within the City of North Canton as a mixed-use concept. Ohio Realty Advisors has partnered with the City of North Canton to secure a Job Ready Site (JRS) grant through the State of Ohio totaling 5 million dollars. Ohio Realty Advisors removed the steam system throughout the property in order to become more efficient and reduce operating expenses for the new tenants.