Consumer of Akron’s Chapel Hill Shopping mall specializes in redevelopment

 Chapel Hill Mall’s potential likely isn’t going to include things like retail – or at minimum a lot of retail.

Industrial Business Attributes, also known as ICP, very likely in early March will get the distressed Akron shopping mall, which is in foreclosure over nonpayment of taxes.

ICP has a extensive history of reworking the industrial and business attributes it acquires and finding new uses for them.

Officials in Akron and somewhere else in Northeast Ohio say very good things about the Cleveland-region firm, which was founded in 1996 by its operator, Chris Semarjian.

“I assume they [ICP] are as reliable as anyone who’s been in the market place,” reported Sam DeShazior, Akron’s director of small business retention and enlargement. “Their experience stage is there. They have taken management of numerous diverse venues, from industrial all the way to retail. When there is a problem out there, they are not shying absent from the obstacle.”

Chapel Hill Mall in Akron will likely take on a different look and feel under prospective owner Industrial Commercial Properties. The company has a long track record of repurposing commercial properties in Northeast Ohio.

ICP has numerous passions in Ohio and other Midwest states. In numerous instances, they are standalone, ICP-only developments and, in other conditions, partnerships with another buyer and repurposer of industrial and business actual estate, Industrial Realty Team.

In Northeast Ohio, all those ICP attributes, projects and joint ventures consist of the East Conclude redevelopment of the former Goodyear headquarters campus and turning former amusement park Geauga Lake into a blended-use housing and commercial development. It has other houses in Akron, Stow, North Canton and somewhere else in the area.