Toledo Talk

Lathrop moving to Downtown

"Manahan admitted the recent news that ProMedica planned to relocate Downtown helped in their decision-making.

“When we heard that, it was certainly a strong consideration to get us to a decision,” Manahan said. “We are firm believers that the urban core needs to improve. Our move to Downtown, and other projects being talked about – if that can continue that momentum, then that would be a great thing.”

http://www.toledofreepress.com/2014/07/14/lathrop-company-to-relocate-offices-downtown/

created by toledolen_ on Jul 14, 2014 at 06:29:58 pm     Business     Comments: 18

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Comments ... #

Great news!

posted by weasel on Jul 14, 2014 at 06:59:45 pm     #  

This part I liked and it shows people are actually thinking of the bigger picture:

“We’ve been in touch with the city, and Maumee has been a great place to be for 34 years,” Manahan said. “So, this is in no way a negative toward Maumee. Obviously they’re disappointed we’re leaving, but they’re certainly respectful of our decision. I believe when you look at the big picture, if we can get Downtown Toledo more robust, it’s good for the whole metropolitan area.”

posted by JustaSooner on Jul 14, 2014 at 07:14:55 pm     #   1 person liked this

Wow, a prominent local firm leaving the suburbs for downtown. I think we've almost come full circle. Take some notes, OI.

posted by mixman on Jul 14, 2014 at 08:18:11 pm     #   1 person liked this

They don't know where they are moving and they don't have a tenant for their existing building...as well as they are losing Anderson's out of their other building.

Hmmm. Something doesn't add up.

posted by Molsonator on Jul 14, 2014 at 08:33:48 pm     #  

mixman posted at 08:18:11 PM on Jul 14, 2014:

Wow, a prominent local firm leaving the suburbs for downtown. I think we've almost come full circle. Take some notes, OI.

OI to P'burg should have never happened. What's done is done though.

posted by JustaSooner on Jul 14, 2014 at 08:37:24 pm     #  

FedEx to P'Burg should have never happened either.

posted by Foodie on Jul 14, 2014 at 08:46:35 pm     #  

Molsonator posted at 08:33:48 PM on Jul 14, 2014:

They don't know where they are moving and they don't have a tenant for their existing building...as well as they are losing Anderson's out of their other building.

Hmmm. Something doesn't add up.

What if part of this plan is for Andersons to take over that property, demolish what is there, and then build a new office building there that will give them the room they need. Definitely something going on with that corner right now though.

posted by JustaSooner on Jul 14, 2014 at 08:47:32 pm     #  

craaaaaaaaaazy! what a killer downtown update!

posted by upso on Jul 14, 2014 at 08:49:36 pm     #  

Or UPS and Hickory Farms to Maumee either...

posted by Mike21 on Jul 14, 2014 at 08:50:27 pm     #  

Hickory Farms moved back Downtown a couple years ago... right?

posted by toledolen_ on Jul 14, 2014 at 08:53:24 pm     #  

Yeah, they are in 811 Madison.

posted by upso on Jul 14, 2014 at 08:53:53 pm     #  

"Wow, a prominent local firm leaving the suburbs for downtown."

Lathrop is really Turner Construction which is a national company. I am not sure that has anything to do with anything though.

posted by Molsonator on Jul 15, 2014 at 02:40:02 am     #  

OI was going to happen no matter what. They owned the land and needed a research/tech lab which made it easy to incorporate their HQ functions there too. They own that building now instead of leasing....Plus, from the way I remember it, they took a lot of employee input which was taken into account for the move. I can't blame them because in the end, they have control of their building and most likely costs less to have.

I talked with someone who lives in the Standart Lofts this morning and is really estatic about the buzz about everything going on down there. I'm happy about this move and I thought the same thing about the Andersons taking over this area. It's good to see local businesses reinvesting in OUR area, not others as of late. From Cooper and Marathon in Findlay to Andersons and Promedica and Lathrop here.

Now we just need the Fiberglass Tower (or whatever it's called) to be fixed and get a good hotel brand down there - Hilton, Marriott, or even Aloft (love this brand). Will help with keeping business travel downtown and let those business people spend $$$ down there.

posted by avinsurer on Jul 15, 2014 at 12:14:34 pm     #  

They are moving late this year early next year dependent on subleasing.

"The timing of Lathrop’s move will hinge on subleasing its current 20,000-square-foot building at 460 W. Dussel Drive. Lathrop’s lease does not expire until October, 2017."

So I am still unclear why they announced this now.

posted by Molsonator on Jul 15, 2014 at 01:27:08 pm     #  

Gotta find somewhere to go before they move. Probably going public with it to control the story, rather than rumors starting when people find out they're meeting with real estate agents, touring properties, etc.

posted by Johio83 on Jul 15, 2014 at 01:30:20 pm     #  

Unless they can't get out of their lease - in which case it becomes a build up to nothing - turning into bad PR.

posted by Molsonator on Jul 15, 2014 at 01:36:46 pm     #  

I think their plan is to sublet it anyway

posted by Johio83 on Jul 15, 2014 at 02:23:43 pm     #  

Johio83 posted at 01:30:20 PM on Jul 15, 2014:

Gotta find somewhere to go before they move. Probably going public with it to control the story, rather than rumors starting when people find out they're meeting with real estate agents, touring properties, etc.

This is probably what it is. People love to talk and you know there would have been a Blade "gotchya" story if it wasn't put out.

The whole "we are still searching" could easily be posturing to increase pressure on potential locations.

posted by JustaSooner on Jul 15, 2014 at 02:25:18 pm     #