Greenbridge, a sustainability-focused packaging company, will expand its footprint and add a Cleveland location, according to a news release.
Mentor-based Greenbridge, formerly known as Polychem, is known for its strapping and cord products, but it also offers a variety of related tools and equipment. The company is leasing a property at 7000 Denison Ave. in Cleveland, which will include space for offices, warehousing and PET strapping production.
In an email, Kristin Conteen, marketing manager for Greenbridge, said the company's headquarters will remain in Mentor, but its executive leadership team plans to move to the Cleveland location.
The building has 145,000 square feet for manufacturing and warehousing and 5,000 square feet for office space. The company plans to invest about $7.6 million in construction and installation, the release stated, and the goal is for the first line to be operational in April.
The company is working with its broker, Colliers, its real estate investment partner, Industrial Commercial Properties LLC, and contractors including Industrial Commercial Construction on the project.
"We acquired this property with the vision and goal to turn it into a high-end manufacturing facility," said Austin Semarjian, executive vice president of Industrial Commercial Properties, in the release. "Our investment, along with Greenbridge's commitment, has provided new life to the property, creating new jobs and bolstering manufacturing strength in Cleveland."
The company plans to employ more than 80 at the Denison Avenue location. This could include some relocations, Conteen said, but most are expected to be new hires. The company employs 553 across the U.S.
This story previously appeared in Crain's Cleveland Business.