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Ontario Business Park Announces First Company to Move to Site of the Former GM Mansfield-Ontario Stamping Plant

Ontario Business Park Announces First Company to Move to Site of the Former GM Mansfield-Ontario Stamping Plant
Sunfest Herbs, LLC Commits to Operate its Business Out of Ontario Business Park

Ontario, Ohio – January 22, 2013 - Ontario Business Park, LLC (OBP) announced today a signed letter of intent with Sunfest Herbs, LLC.  OPB’s first signed letter of intent occurred less than 30 days after it’s acquisition of the former General Motors Mansfield-Ontario Stamping Plant. 

Sunfest Herbs is an organic herbs company that will utilize OBP for the company’s expansion into the Midwestern United States.

OBP owns the former GM Mansfield-Ontario Stamping Plant in Ontario, Ohio, consisting of 266 acres in Richland County.  The revitalization project is a joint venture between Adler Group Inc., a Miami, Florida company and The Hilco Organization of Northbrook, IL.

The Adler Group Inc. has more than 50 years of leasing, property management, acquisition, investment, development and construction experience.  The Hilco Organization is a diversified financial and operational services firm with the principal competency of valuing and monetizing business assets, including real estate, industrial inventory, machinery and equipment.

“This is a major first step in realizing the vision we had for this property.  We wanted to help this community by redeveloping the facility so that jobs would return,” said Jeffery Hecktman, CEO of Hilco Trading LLC, the parent company of Hilco Real Estate LLC.

“Bringing this user to the former site of the GM Mansfield-Ontario Stamping Plant is a culmination of years of work, said Michael M. Adler, CEO and Chairman of Adler Group. “We are very excited to see Ontario Business Park coming to fruition.  We are in the process of creating a modern multi-tenant corporate park on the former site.”

Sunfest Herbs is a privately owned company dedicated to being the industry leader in all aspects of the organic culinary herbs–maintaining the highest standards that ensure customer satisfaction and abundant well-being.

“We are pleased to announce that Sunfest Herbs is our first user and we look forward to working with them and the community,” said Michael M. Adler.

“Based in Florida, Sunfest has flourished as a growing, packing, and shipping for the purest herbs conceivable,” said Clifford Rosen, President and CEO, Sunfest Organic Herbs.  “We are looking forward to the many benefits of expanding our business into the Midwest including transportation and supply chain advantages, new market opportunities and access to our customer base.” 

“The City of Ontario and I look forward to the future of Ontario Business Park and we are excited to see the redevelopment plans unfold,” Ontario Mayor Larry Collins said.  “It is encouraging to see an innovative company like Sunfest Herbs investing in our community for their expansion into this part of the country.”

OBP will be a multi-tenant corporate park creating the proper environment for a multi-use business generator.

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Ontario Business Park, LLC (OBP): A modern corporate community located on 266 acres in Ontario, Ohio on the former site of the General Motors Mansfield-Ontario Stamping Plant. OBP will be a multi-tenant corporate park creating the proper environment for a multi-use business generator.

Adler Group:  Adler Group, headquartered in Miami, Florida, and its affiliates offer a seamless network of services designed to maximize the value and strength of the organization’s real estate assets.  Throughout its history, Adler Group has developed, acquired and operated in excess of 20 million square feet of industrial, office, retail and residential real estate.  Today, by means of relationships with a prestigious list of institutional and private investors and nationally recognized financial lenders, the company owns and manages an extensive real estate portfolio comprised primarily of multi-tenant industrial and office properties located in strategic markets throughout the Southeast, Mid-Atlantic and Southwest United States. Recently, Adler Group has acquired commercial assets in Florida, Tennessee, Virginia, Washington D.C, Maryland, Texas, and Colorado.  For further information, please visit www.adlergroup.com.

The Hilco Organization: Based in Northbrook, Ill, the company is a diversified financial and operational services firm. Its principal competency is valuing and monetizing business assets, including retail, industrial inventory, machinery and equipment, real estate, accounts receivable and intellectual property. Through an integrated platform of more than 20 business units, Hilco helps companies and their professional advisors derive the maximum value for its assets through appraisals, asset disposition and acquisition services, private equity investments, advisory and consulting services. For more information, please visit www.hilcotrading.com. Hilco Real Estate, LLC, a unit of Hilco focuses on optimizing the value of real estate assets in the shortest period of time. Core competencies include strategic advisory and consulting services, owned portfolio disposition, lease portfolio sales/assignments, lease termination, lease renegotiation, leasing/subleasing, sale of non-core owned assets, sale/leaseback transactions, and fee and appraisals for leased and owned assets.

MEDIA CONTACT:

ADLER GROUP: Rachel Schapiro: 305.926.9666 / rschapiro@adlergroup.com
THE HILCO ORGANIZATION: Gary C. Epstein: 847.418.2712 / gepstein@hilcotrading.com


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