Platz Realty Doubles Sales Volume in 2019
CANFIELD, Ohio — The 2018 merger of Platz Realty Group and Routh Hurlbert Real Estate provided good momentum into 2019, leading to a banner year that saw the agency’s transaction and sales volumes double over 2018, says principal and agent Adam Divelbiss.
Platz Realty is now the largest commercial/industrial-only real estate brokerage in the Mahoning Valley with 14 agents, Divelbiss says. He expects to see that growth continue into 2020.
With a focus on Trumbull County, agents Chuck Joseph and Dan Crouse see “unbridled growth in the Lords-town market” as inquiries for the logistics-enabled village are at an all-time high, they say. The spotlight on Lordstown Motors Corp. and the joint venture battery plant between General Motors and LG Chem, as well as the ground breaking of the Trumbull Energy Center this spring, are driving interest in the area.
The Ohio Commerce Center is adding miles of new rail lines to accommodate new business; retail inquiries in downtown Warren were at a “generation high” with the reopening of Robins Theatre, they say.
In Youngstown, Divelbiss and principal/agent Don Thomas see similar growth as Youngstown State University continues to attract resident students. International interest in Youngstown landmarks like First National Bank Tower on Federal Street and the Reeves apartment building in Warren are providing “huge infusions of money and energy” into the markets as well, they say.
Platz Realty expects inquiries for industrial land and buildings to remain brisk and optimism to drive interest in retail and commercial spaces, as national efforts to open and expand trade “will yield dividends for regional farmers, importers and exporters,” and require continued support of infrastructure in all segments, they say.
Copyright 2023 The Business Journal, Youngstown, Ohio.