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Monroe County Port Authority acquires industrial park

The Monroe County Port Authority closed Monday on the acquisition of the Hannibal Industrial Park from Hannibal Real Estate LLC.

The HIP, located on Ohio 7 along the Ohio River, includes approximately 1.2 million square feet of building space on 122 acres.

Hannibal Real Estate developed the site into a multi-tenant industrial park campus, with 16 current residents. It was the former site of the rolling mill for Ormet Aluminum.

The port authority will continue to operate the site in this manner. The park is a significant source of employment opportunities, not only for residents of Monroe County, but also for residents of surrounding counties in Ohio and West Virginia.

The MCPA was supported in the acquisition by Monroe County Commissioners Mick Schumacher, Bill Bolon and Diane Burkhart; Monroe County Treasurer Taylor Abbott; Citizens National Bank of Woodsfield; JobsOhio; OhioSE; and Thompson Hine LLP.

Jason Hamman, MCPA director, said he’s excited to begin aggressively marketing the HIP to attract additional business investments to Monroe County.

“With its strategic location, active rail service, access to the Ohio River and available industrial space, we’ll be working with our economic development partners to support the growth of existing tenants, as well as reaching out to companies in our target industry sectors,” he said.

Hamman sees this acquisition as an opportunity for Monroe County to “be in the driver’s seat” with respect to its economic development future.

“On behalf of the MCPA and its partners, I’d like to personally thank Jeffrey Himmel (CEO of Hannibal Real Estate) for extending the opportunity to the MCPA,” said Hamman.

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