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The original item was published from 4/7/2017 2:52:30 PM to 4/7/2017 3:14:29 PM.

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Posted on: April 7, 2017

[ARCHIVED] Mosier Bid Accepted For Commerce Center Lease

On April 7, the Galion Board of Control approved a bid lease for the South Street Commerce Center submitted by Mosier Industrial Services. Mosier will move its Mansfield division to Galion for storage and a gradual build-up of machining operations. It will continue to operate in a Crestline facility as well.

The term of the lease is two years with an option to purchase. Mosier will pay $10,500 per month in rent and its bid to purchase the building was $1.8 million. This is a triple net lease, meaning the tenant is responsible for paying all utilities and property taxes. Mosier is also required to provide at least 15 jobs for a period of five years.

Mosier has been a family-owned and operated company for more than 30 years. It offers a variety of services, including steel fabrication and machining, crane rigging, and industrial plant demolition. It also has the capability to refurbish used equipment.

“This is great for the city,” Mayor Tom O’Leary said. “We’re on the side of getting manufacturing going again in this country. A resurgence in manufacturing nationally could really make Mosier busy—there are very few machine tool businesses anymore.”

Chase Finney, a project estimator for Mosier, noted the company does many different kinds of work. “The good thing is we’re not one thing so we can be flexible with our operations. And we definitely want to thank Gary [Frankhouse] and Tom [O’Leary] for making this happen. It’s been a good process.”

The South Street Commerce Center is located at 800 South Street. The main building is 284,731 square feet, and the lease also includes all outbuildings and land. Mosier will be allowed to sub-lease portions of the building.

Next Generation Films, the previous tenant, moved out of the building on March 31. Mosier will begin moving in after a contract is signed.

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