So this is the second high-profile business moving from Maumee's suburban Arrowhead Park to Downtown Toledo (Hickory Farms was the first I think). *Also they mention that Andersons in Maumee is looking to move. Man, it would be so awesome for Toledo to snag another Fortune 500 downtown. Fiberglas Tower?

 

Published: Tuesday, 7/15/2014

COMMERCIAL CONTRACTOR

Lathrop plans move to downtown Toledo

BY JON CHAVEZ

BLADE BUSINESS WRITER

 

The Lathrop Co., a commercial construction general contractor, said Monday that it will relocate its headquarters to downtown Toledo after 34 years in Maumee’s Arrowhead Park. The move will take place late this year or in early 2015. The company, which is owned by New York-based Turner Construction Co., has about 50 salaried employees. Lathrop is considering various downtown sites for its move but hopes to settle on one soon, said Tom Manahan, the company’s president. 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.

 

Lathrop and The Andersons Inc. were the first tenants in Arrowhead when the office and industrial park opened in 1980. The Andersons recently announced it plans to relocate within the Toledo area but has given no indication where it might go.

 

Mr. Manahan said Lathrop’s first choice downtown would be the Central Business District but other options include the adjacent Warehouse District.

 

Read more at http://www.toledoblade.com/Economy/2014/07/15/Lathrop-plans-move-to-downtown-Toled.html

Key Quotes:

 

“There’s an excitement about being downtown,” Mr. Manahan said. “If we can get downtown Toledo to become more robust, that’s a good thing for the community.”

 

The Lathrop president said that ProMedica’s recently announced plans to move its corporate headquarters to the former Toledo Edison steam plant downtown was a compelling signal that downtown Toledo is gaining momentum and that perhaps Lathrop should return to Toledo.

 

Mr. Manahan said there will be balance in Lathrop returning downtown to a skyline that it and its parent firm helped create. Lathrop was general contractor or part of the construction team that erected several downtown buildings, including Huntington Center and Fifth Third Field, while Turner Construction, which acquired Lathrop in 1986, built Fifth Third Center at One SeaGate, Toledo’s Government Center, and Fiberglas Tower downtown.