WKSU News: Akron-based GOJO Industries looks to sell and lease back its headquarters

Monday, November 2, 2015 Akron-based GOJO Industries looks to sell and lease back its headquarters The skin health company has owned the South Main Street location since 2000 by WKSU's MICHAEL BRATTON	Reporter Michael Bratton

Dorfner Roth says the City of Akron isn't concerned about GOJO uprooting its headquarters from the city.

Courtesy of The City of Akron

Akron-based GOJO Industries is looking to sell its headquarters building and then lease it back.

The South Main Street building was listed for sale last month with a price tag of more than $50 million.

The skin health company bought the property from the City of Akron for $1 back in 2000.

Adele Dorfner Roth is the deputy planning director for economic development in Akron. She says the city isn’t concerned about GOJO leaving and believes the sale is for business purposes.

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“There are tax advantages; there’s a chance to do some refinancing if you had had financing outstanding on your property," said Dorfner Roth.

"Occasionally, for some companies, they find that they’re maybe not the best person to manage their own building and they would like to get somebody who specializes in building management.”

GOJO Imaintains a manufacturing facility in Cuyahoga Falls and plans to lease the former Rubbermaid plant in Wooster for manufacturing and warehousing.