GRUBB & ELLIS BROKERS $4.65 MILLION INDUSTRIAL SALE

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LOUDONVILLE, OHIO — Grubb & Ellis Co. has brokered the sale of One Merillat Court in Loudonville on behalf of Masco Corp. Beachwood, Ohio-based ITL Corp. has acquired the 447,774-square-foot industrial facility for $4.65 million. Features of the building, which sits on approximately 44 acres, include 20- to 40-foot ceiling heights, 20 docks with levelers and seven drive-in doors. The seller was represented by Terry Coyne of Grubb & Ellis’ Cleveland office.

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