Former Ford plant in Walton Hills sold, plans for business park

The sale of the former Ford stamping plant in Walton Hills, in the works for much of 2021, has been finalized.

Its new owners are in the process of redeveloping a former auto plant in Brook Park, and two of them over the past decade have redeveloped a former Chrysler plant in Twinsburg.

Ford Motor Co. has sold the property at 7845 Northfield Road, just north of the Summit County line in Cuyahoga County, to local firms Weston Inc. and DiGeronimo Cos., and Indianapolis-based Scannell Properties. Scannell managing director Tim Elam said the deal was closed Tuesday but did not have a sales figure.

A preliminary site plan for the former Ford stamping plant property off Northfield Road, on the left side of the plan, in Walton Hills. The Northfield Park race track can be seen at the bottom (south) side of the property. It depicts buildings ranging from 462,000 square feet to 248,000 square feet.

The 111-acre property, which as of Thursday was still listed as being under Ford ownership, is valued at $8.8 million, with the 2.1 million square-foot warehouse accounting for $2.3 million of the total appraised value, according to Cuyahoga County fiscal office data.

In addition to purchasing the Walton Hills Plant, the three partners in 2021 purchased the former Ford engine plant in Brook Park for $31.5 million.

https://www.beaconjournal.com/story/news/2021/12/31/former-ford-plant-walton-hills-sold-plans-business-park/9049491002/