GrafTech’s Ohio HQ Up for Sale

By Roxana Baiceanu

GrafTech’s Former HQ in Parma, Ohio

Two years after relocating its headquarters and research center to Independence, Ohio and Brooklyn Heights, Ohio, graphite company GrafTech International tapped Hanna Commercial Real Estate to sell its former world headquarters in Parma, Ohio.

A team of brokers consisting of Principal & Managing Director Mark Abood, Auctioneer & Sales Associate Anna Maria Hamm and Principal & Executive Manager David Stover will exclusively represent the seller. The 20-acre property located at 12900 Snow Road is listed at just under $4 million, according to Cleveland.com.

The facility offers 300,000 square feet of office and industrial space and more than 600 parking spaces. The office space accommodates executive and administrative offices, board rooms and conference rooms, workstations, bullpen areas, meeting rooms, training auditoriums and a full cafeteria. The warehouse space was designed to facilitate GrafTech’s research, featuring high-tech labs, research, development and testing areas, as well as a number of recreational and lounge areas for employees.

Located less than 12 miles from downtown Cleveland and 4 miles from Cleveland Hopkins International Airport, the property is part of a busy business corridor and is highly visible from Interstate 77, Interstate 71, Interstate 480 and the Ohio Turnpike. The nearby area is also home to several dining and shopping venues including a Giant Eagle Supermarket and an IHOP restaurant.

Although GrafTech decided to leave its headquarters of 58 years, the area has continued to expand its retail sector, with a Gordmans store having joined The Shoppes at Parma at the end of 2016.

Image courtesy of Hanna Commercial Real Estate