Washington, DC – Today, Rep. Jim Renacci (OH-16) announced the successful sale of two vacant NASA Glen Research Center Buildings on Brookpark Road in Fairview Park by the U.S. General Services Administration (GSA). Private investors purchased the property from GSA, the federal agency responsible for maintaining and selling government owned real estate.
“When government buildings lie vacant, it is taxpayers and local budgets that suffer,” said Rep. Renacci. “Americans are forced to pay for upkeep and security on buildings that are not even being used, and local governments lose out on substantial amounts of revenue. That is why I personally pushed the GSA in numerous phone calls and letters to sell the unoccupied NASA GRC buildings in Fairview Park. I am very pleased to announce that after years of inaction, the GSA has finally gotten this valuable real estate off the federal books and into the hands of private investors who seek to develop the property to its full potential. I commend Fairview Park Mayor Eileen Patton for her leadership on this issue. Without her, this would not have been possible and she deserves much of the credit.”
The two commercial facilities, known as buildings 500 and 501, are located across from Cleveland-Hopkins International Airport. Due to the age and condition of the buildings, environmental remediation will need to occur before the space can be occupied by tenants. The private investment group has agreed to undertake those actions.
Rep. Renacci is serving his second term in the U.S. House of Representatives, where he is a member of the Ways and Means Committee. Prior to his election he worked as a Certified Public Accountant in the health care industry, and owned and operated over 60 other businesses in the automotive and sports management fields.
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