Platz Realty Group Closes $92M in Sales, Leases
CANFIELD, Ohio – With over 85 sales of commercial properties and 75 leases in 2021, Platz Realty Group had a record year as it closed more than $92 million in sales and leases.
Investment properties drove business last year, says Don Thomas, Platz managing partner. Agents sold 622 apartments in 12 apartment complexes for over $28 million. Local investors purchased multitenant investment properties in Boardman, Tiffany Square and at 5500 Market St.
“The vision of our agents has led to the repurposing of properties throughout the Valley,” Thomas says, including Starbucks taking over the former Hill Barth & King campus on Market Street in Boardman.
Other Boardman projects include J. Arnold Wealth Management taking over the former Ethan Allen, Red Bull coming to 8469 Southern Blvd., Combine Brothers occupying the former Landmark Restaurant, Harbor Freight moving into the former Toys R Us and Enterprise Rent-A-Car coming to 8211 Market St.
Elsewhere, Something New Florist in Canfield became a multitenant plaza, The Hope Center for Cancer Care purchased a site in Howland, and M&M Industries moved into the former Magna Seating plant in Lordstown.
“We believe that Lordstown will continue to be a catalyst for regional development in 2022 with major developments in the EV market surrounding Ultium Cells, Lordstown Motors and Foxconn,” says Dan Crouse, agent.
The development of electric vehicles, additive manufacturing and logistics has Platz optimistic for 2022 as it looks to expand into western Pennsylvania, Thomas says.
“Change is the catalyst for profit. Our knowledge and skill are the tools to leverage the change for our clients,” he says.
Last year, Platz added Alicia Angelo and Sebastian DiFalco to its team of more than 15 agents.
Copyright 2023 The Business Journal, Youngstown, Ohio.