A warehouse that once employed more than 200 people in Trumbull County before going bankrupt has a new owner.
Cleveland development company, Industrial Commercial Properties, announced on Wednesday that it has purchased the now-vacant 1.4 million square foot former Kmart Distribution Center on Perkins Jones Road in Bazetta Township.
According to 21 News archives, in 2015 there were 250 people represented by UAW Local 1112 who worked at the center that served as a warehouse for Kmart stores in the region.
Just one month after Sears filed for Chapter 11 bankruptcy late last year, the remaining 59 employees were officially notified that the center would be closed.
ICP, which purchases, renovates, and leases workspace, has been snatching up Kmart and Sears properties from the bankrupt Sears Holdings Corporation. The company says in the last month alone it has acquired about 2.5 million square feet of property once owned by Sears.
In addition, ICP owns other manufacturing and warehouse space in Mahoning and Trumbull counties.
ICP owns and offers leased space in the former Delphi plant on Larchmont Avenue in Bazetta Township, a warehouse on North River Road in Warren, the former Lear Seating plant on Ellsworth Bailey Road in Lordstown, and the former Hynes Steel building on Oakwood Avenue in Austintown.