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Cogistix Buys HBK Building; Plans Renovation, Expansion
BOARDMAN, Ohio -- Cogistix LLC has purchased the former Hill Barth & King building at 7680 Market St. where it plans to expand operations and install a training center for clients.
The company resells and codes management software for manufacturers. It recently was named to Inc. magazine’s Inc. 5000, which lists the fastest-growing private companies in the nation (READ STORY).
“We are thrilled to purchase the former Hill, Barth & King building,” said Kevin Miller, founder of Cogistix and director of technical services. “Since we were founded in 2009, we have grown immensely and have outgrown our current offices. This new space will provide a great, central location for us with vast opportunities for growth.
A holding company, RWRW Holding LLC, was formed by Cogistix to buy the 15,000-square-foot building from HBK Boardman Realty Co., which was represented by Stan Nudell of Edward J. Lewis Inc., Youngstown.
RWRW was represented by Jeff Byce of Byce Realty Commercial, also based in Youngstown.
The purchase price was $840,000, property records show. The building was listed for sale at $1.2 million, according to Byce. “It is really exciting to be able to assist a high-tech software company make a commitment to invest in our area,” he said.
The transaction closed Dec. 5.
Cogistix is currently housed at the South Bridge Executive Park here.
The company plans to renovate its new headquarters building, providing space for training areas and for remote employees to come together. Cogistix says it will lease part of the space once the renovations are complete.
Hill Barth and King constructed the Market Street building in 2001; the public accounting firm combined its area offices this summer and relocated to 6603 Summit Drive in Canfield.
Copyright 2014 The Business Journal, Youngstown, Ohio.
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