Lordstown Warehouse Sells for $1.26M

LORDSTOWN, Ohio — A property located next to the assembly plant for Lordstown Motors Corp. was sold last week for $1.26 million.

Located at 1757 Hallock Young Road SW, the warehouse is currently the location for Cassens Transport Co., a logistics company headquartered in Edwardsville, Ill. A representative of the Lordstown location confirmed the company will continue operating from the Hallock Young Road location.

The buyer – Busey Bank As Successor To The Bank of Edwardsville, according to the Trumbull County Auditor website – closed on the property on Aug. 20, purchasing it from Cassens Land Inc. Cassens bought the property in August 2011 from the Henn Family Limited Partnership for $900,000.

The property includes 31,500 square feet of industrial space with two loading docks and two drive-in doors, according to Loopnet. It sets on about seven acres.

Copyright 2022 The Business Journal, Youngstown, Ohio.