Relocating Company Breaking Ground in Brecksville
Some good news for Northeast Ohio was published by the Toledo Blade today - True North Energy will be building their new corporate headquarters in Brecksville. The site is set to be completed in May 2011. Many in Northeast Ohio will recognize the True North brand at Shell stations. True North is 50% owned by Shell. It's good to see companies moving into the region, though it's a little surprising True North is doing a build-to-suit. Office space right now is priced well below replacement cost. Roughly speaking, new office construction can be about $150 SF, while equivalent Class A office might be $100 SF. But like Eaton, True North must put some real value on having its own designed campus.