Corporate park development
Marketer to court manufacturers for JRS
Cassidy Turley, a commercial real-estate company, plans to market the 300-acre Pataskala Job Ready Site nationally and internationally to create jobs and tax revenue for the area.
Richard Trott, senior vice president of Cassidy Turley of Columbus, on Feb. 19 told members of Pataskala's development committee that Licking County has a strong heritage in manufacturing and a strong base of skilled labor to attract a manufacturing business.
Turley said Columbus2020, an 11-county regional economic development group, has determined that 40 percent of inquiries coming into Ohio are from manufacturing companies.
He said his company, hired by the Licking County commissioners in January, has spent the past month researching the benefits of the Pataskala site.
"We want to be proactive in locating companies and go after specific, individual groups," he said.
Trott mentioned natural-gas companies and automobile suppliers as potential tenants for the JRS, which is part of the 500-acre Pataskala Corporate Park south of Broad Street.
The park is undeveloped but now has utilities and Etna Parkway, a $6 million road built in 2011 to connect Broad Street and U.S. Route 40.
The JRS land was acquired by the county using a $3.4 million JRS grant from the Ohio Department of Development, which was designed to open more commercial and industrial sites in the state.
Pataskala City Council President Dan Hayes, who serves on the city's development committee, asked if it would be helpful to build a speculative building on the site.
Trott said most manufacturing businesses would rather construct a new building than move into an existing generic building.
Pataskala Mayor Steve Butcher asked if the site has any challenges.
Trott said there are power lines on the road, which can be seen as a negative by some companies, and the site has a gas line that cuts through the property on which nothing can be built.
Butcher said he has been assured by local officials the gas line can be moved, if needed.
Cassidy Turley is using the company's 60 offices nationwide and international contacts to market the site and is advertising the site in various publications.
Hayes asked if Cassidy Turley is marketing any other sites in Columbus that could conflict with the Pataskala JRS site.
Trott said the company is working to develop 300 acres in Delaware County and a 100-acre parcel that is part of the Columbus Regional Airport Authority near the Rickenbacker International Airport.
However, the Pataskala site is the only JRS the company is trying to sell, Trott said.
According to the Cassidy Turley's agreement with county commissioners, the land will be priced at $36,812.48 per acre and Cassidy Turley will receive 6 percent of the total purchase price if land is sold.