October 1, 2022

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Workplace Max closing, Harbor Freight transferring in | Regional News

ASHTABULA TOWNSHIP — There is great information and bad information.

The negative information is Office Max is closing a variety of its suppliers, including its Ashtabula shop on Nov. 13, and options to lay off more than 13,000 workers by the conclusion of 2023 as element of a restructuring plan, in accordance to its corporate site.

The good information is Harbor Freight purchased the 3.3-acre house at 3315 N. Ridge E. (Route 20) for $1.1 million and “it will just be a make any difference of time ahead of they alter above the keep,” claimed Ashtabula County Auditor David Thomas.

Harbor Freight programs to open involving Feb. 22 and March 12, 2022, in accordance to retail store officials.

Harbor Freight sells a lot more than 7,000 applications and equipment throughout a extensive assortment of categories together with: automotive, compressors, generators, hand and electricity applications, lawn and backyard and software storage, to name a couple, according to its internet site.

Office Max/Office environment Depot is seeking to recoup additional than $850 million lost during the pandemic, in accordance to its corporate headquarters in Boca Raton, Fla.

No one particular at the Ashtabula keep, which features business supplies, electronics and print solutions, would comment on the retail outlet closing. 

Ashtabula Township Trustee Bambi Paulchel mentioned she’s sorry to listen to about any enterprise leaving the township.

“More and more persons are employing Amazon to get almost everything they need with out leaving their residences,” she reported. “It’s all about comfort these days. It would be excellent if a different firm opens a small business in that creating.”

In June, Rhino Holdings Ashtabula LLC, a for-earnings company in Brooklyn, N.Y., acquired the Business office Max assets for $1.1 million from Ashtabula Mall Realty Keeping LLC,  Thomas said.

The purchaser, Rhino Holdings Ashtabula LLC, was formed on May possibly 17, 2021, in accordance to the Secretary of State’s internet site.

“It appears to be like Rhino Holdings was developed specially for this order,” Thomas mentioned.

The seller, Mike Kohan, who bought Ashtabula Towne Square Shopping mall for $10.2 million in February 2020, is the man driving Ashtabula Mall Realty. When Kohan bought the mall home past 12 months, it arrived with many buildings these kinds of as Tractor Offer, Bob Evans, Office Max and the outlying professional assets, Thomas reported.

Considering that that time, Kohan very first sold the Bob Evans parcel for $625,000 true house to Bob Evans and then from Bob Evans to North Ridge Ashtabula LLC for $1.5 million on April 5, 2021, according to auditor’s web page.

In 2020, Kohan also offered the Applebee’s home for $624,000 to Applebee’s administration company, and the Burger King parcel for $624,000 to Burger King’s management company, according to auditor’s web page. Both equally restaurants were previously renting the properties.

“This is regarding since they are getting all of the benefit out of the unique shopping mall home,” Thomas claimed. 

Kohan is also late on his 2021 taxes. He presently owes $112,000 to $53,000 from the first fifty percent of 2021 and a $5,311 penalty for non-first half payment. Next half is $53,000 thanks July 21, according to the auditor’s website.

“I am past upset that [Kohan] has designed no tax payments due to the fact paying for the assets in 2020, all while marketing off parcels and structures and generating a financial gain on the property,” Thomas stated. “We will be certifying them delinquent this thirty day period. I have started conversations with our county prosecutor and treasurer to be proactive with this residence supplied its measurement and great importance to the county.”