$16 million is the published price tag for 4393 Digital Way in Mason, Ohio.
That’s been the headquarters building of the broadcast division of Harris Corp. since the late 1990s.
“Since we exited the truck build business over five years ago, we have significant excess space in Mason,” Broadcast Division President Tim Thorsteinson tells RW, confirming trade publication reports this week that the site was on the market.
The building actually “has been up for sale/lease for quite a while. We are looking for a more suitable location in close proximity to the current Mason site as we plan to stay in the Mason area long term.”
Harris maintains separate manufacturing facilities in Quincy, Ill.
The company has been making a number of business changes under Thorsteinson, including elimination of some positions last winter in Quincy and Mason, a move blamed on a drop in TV transmitter sales; and, more recently, the shedding of its dealer resale business and the establishment of a channel partners program.
“The transmission business has been turning for us and just finished another good quarter,” Thorsteinson said today. “We are starting to see a steady flow of new products to drive the business forward. Moving the folks in Mason into a new facility more in line with today and tomorrow’s business should be a positive.” Last winter Thorsteinson estimated the broadcast division’s annual sales at about $625 million a year.
Cincinnati Capital Properties is listing the 160,000-square-foot Mason facility as available for sale or lease, in full or in part, on its Web site.
(Radio World)
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