Lathrop Company to relocate offices DowntownWritten by Staff Reports | | email@example.com
By Tom Konecny, Toledo Free Press Staff Writer
The Lathrop Company – a construction firm responsible for building many of Toledo’s signature landmarks – is moving its offices and more than 50 employees from Maumee to Downtown, either later this year or early 2015.
“Downtown was on our list of areas we were looking at,” said Tom Manahan, president of The Lathrop Company and senior vice president of Turner Construction Company, Lathrop’s parent company. “In recent months there was real momentum about Downtown, and that option got more intriguing. It makes business sense for us, because a number of our clients and business partners are there, or are coming down there.”
The Lathrop Company has called Maumee’s Arrowhead Park home for the past 34 years, but was located in Toledo city limits for 85 years prior. Lathrop was acquired by its parent company, Turner Construction Company, in 1986. Turner was responsible for the construction of One Government Center, Fiberglas Tower, Grand Plaza Hotel and One Seagate, Toledo’s tallest building.
Lathrop’s recent Downtown projects include Fifth Third Field and Huntington Center, and is also involved with the Mud Hens’ new “Hensville” development project, among others.
Lathrop plans to sublease its existing office space at 460 West Dussel Drive in Maumee, with the timing of the move depending on finding a new tenant, according to a July 14 news release from the company. The company’s new location is yet to be determined.
“Certainly plenty of challenges remain,” Manahan said. “But when you see what’s happened around the ballpark and arena, we think it’s the right time for us.”
Manahan said employees were consulted about the possible move and expressed “excitement,” but recognizes Maumee has been a good location for a long time.
“We’ve been in touch with the city, and Maumee has been a great place to be for 34 years,” Manahan said. “So, this is in no way a negative toward Maumee. Obviously they’re disappointed we’re leaving, but they’re certainly respectful of our decision. I believe when you look at the big picture, if we can get Downtown Toledo more robust, it’s good for the whole metropolitan area.”
Lathrop has been working with the city’s development and mayoral offices to facilitate its move.
“The City is very excited to partner with the Lathrop Company on its commitment to the redevelopment of downtown Toledo,” said Matt Sapara, the city’s director of economic and business development, in the release. “The economic future of the City is going to be determined by the leadership of the business community and this is another positive example of that concept.”
Manahan admitted the recent news that ProMedica planned to relocate Downtown helped in their decision-making.
“When we heard that, it was certainly a strong consideration to get us to a decision,” Manahan said. “We are firm believers that the urban core needs to improve. Our move to Downtown, and other projects being talked about – if that can continue that momentum, then that would be a great thing.”
Tags: Arrowhead Park, Downtown Toledo, Fiberglas Tower, Fifth Third Field, Grand Plaza Hotel, Hensville, Huntington Center, Lathrop, Lathrop Company, Maumee, One Government Center, One Seagate, ProMedica, Tom Manahan, Turner Construction Company