Hello Friends and long time myDelaware readers. After more than a year of running DelawareOH and cgboyce side by side … not very well … I have decided to merge these two entities.
The blog we have become known for will now be found at cgboyce.com/blog. Please update your bookmarks. Thanks.
How to Get Around Downtown Powell
City of Powell will have its first Keep Powell Moving Public Workshop on Tuesday, June 28, from 7-9 p.m. at the Municipal Building’s Council Chamgers.
The event will include discussion on how to get around downtown and more.
The Municipal Building is located at 47 Hall Street in Powell, Ohio.
Authors Signing at Destination Discount Books Saturday
“What do I Want to be When I Grow Up” authors to be at Destination Discount Book on Saturday.
What Do I Want to Be When I Grow Up? authors Amy Loring and Lori Smith will be at Destination Discount Books on Saturday from 2-4 p.m. for a book signing.
The books are a fun-filled exploration of professions based upon a letter of the alphabet. The book is an opportunity to get a peek at careers that children – from infant to preteen – would have never known exisited. Creating an opporutnity to spark the interest of using talents that may have otherwise gone unused.
Meanwhile, Loring and Smith write as Two Teachers on the Edge focusing on changing how society, politicians, and the general public view “good” schools.
“We want to refocus our energies away from high stakes testing and back towards creating life-long learners and productive citizens. We want our children to become impassioned adults equipped with knowledge and ready to tackle this tough and exhausting world we are leaving in their care,” they write on their “Our Mission” page.
Destination Discount Books is located at 1185 US Highway 23 North in Delaware, Ohio for more information check them out online or by calling 740-362-7711 or via e-mail at email@example.com.
PPG recently announced that its coatings and resins manufacturing facility in Delaware has earned a 2016 Award for Excellence from the Ohio Chemistry Technology Council for a project that increased its recycled materials by 63 percent in 2015, diverting an additional 24 metric tons of materials from the landfill.
Under the theme of “Waste Watchers,” the Delaware plant expanded its recycling activities by:
- Providing recycling-awareness training to all employees and contractors;
- Placing highly visible and accessible recycling containers in all lunch, conference and break rooms;
- Instituting a bulk recycling program; and
- Including recycling as a criterion in capital-project reviews.
In addition to traditional recycled materials, such as paper, cardboard, plastic and glass, the plant included fluorescent bulbs, batteries and scrap metal in its recycled materials streams in 2015. It recycled approximately 62 metric tons of waste last year, compared to 38 metric tons in 2014.
“We are very honored to receive an OCTC Award for Excellence for this project, which injected new energy into our recycling efforts,” said Tom Yurick, PPG environment, health and safety manager for the Delaware plant. “A major reason for our success is the commitment of our people to reduce our plant’s overall environmental footprint and help PPG meet its sustainability goals.”
In 2012, PPG set a goal of reducing its total waste-disposal intensity 10 percent by 2020. At the end of 2015, the company had reduced its global waste-disposal intensity 3.8 percent compared with 2012 levels. Additional information is available in the company’s 2015 Sustainability Report.
The OCTC Awards for Excellence recognize exceptional performance in environmental, health, safety and security by companies in Ohio’s chemical industry. PPG’s architectural coatings plant in Huron also earned a 2016 Award of Excellence for its recycling achievements.
Second Baptist Church Women’s Ministry will host a yard sale on Saturday, June 11 in Delaware, Ohio.
The yard sale will be held from 10 a.m. until 3 p.m. at the Second Baptist Church. If it rains, the sale will be moved indoors – so come on down rain or shine!
Second Baptist Church is located at 55 Ross Street in Delaware, Ohio.
Inspire Hospitality LLC may not be a doctor, but now they own a Holiday Inn Express.
The company purchased the hotel – located at I-71 and State Route 37 – for $3,500,000 this week.
The 61-room hotel has an indoor pool and rooms average $121 – $167 per night according to TripAdvisor.
Located on Eastwind Drive, the property is caddy-corner the I-71 interchange from the Tangier Outlet Malls that are set to open later this month.
Everest West Central LLC announces its initial MOB offering through CrowdStreet is oversubscribed and closed to new investors. West Central Medical Center is a core medical office building located at 454-460 West Central Avenue in Delaware, Ohio.
Everest Medical Core Properties logo (PRNewsFoto/Everest Medical Core Properties)
Everest West Central LLC, a wholly owned subsidiary of Everest Medical Core Properties acquired the property on March 25th, 2016 and recapitalized the equity in the asset over the following eight weeks. The total equity required for this transaction was $1,000,000, of which Everest plans to retain $100,000. The final equity closing occurred on June 1, 2016. The total acquisition cost is approximately $4.9 million.
The property consists of a fee interest in approximately 3.22 acres of land and two medical office buildings located in Delaware, OH. The buildings contain approximately 24,730 RSF and are currently 86% leased and occupied to established medical practices through NNN leases with approximately 39% of total rentable space leased to OhioHealth (Aa2, AA-). West Central’s weighted average lease expiration is in excess of 4.5 years.
Key Deal Points
- The offering was oversubscribed and closed to new investors in eight weeks.
- Attractive basis and below-market existing rents: The property was acquired for $182/SF. At an average of $17.10/ SF NNN, current in-place rents are 19% below its competitive set.
- Close proximity to hospital anchor: West Central Medical Center is located 0.2 miles from Grady Memorial Hospital, which is owned and operated by OhioHealth System (Aa2, Aa-).
- Stabilized, with credit tenancy: The property is 86% occupied, with OhioHealth and its affiliates occupying 39% of the leasable space.
- Highly experienced team: Over 100 years of combined Principal commercial real estate and finance experience with major companies including AIG, ING Clarion, Avalon Bay, Accenture, Cole Capital, and United Health Group.
- This offering was available exclusively to accredited investors through the CrowdStreet Marketplace.
Source: Everest Medical Properties, via prnewsire.