Dana Holding Corporation and Health Care REIT have announced an agreement for Dana to sell its corporate headquarters and relocate to its existing facility in Maumee.
Dana plans to move staff to its Automotive Systems Technology Center located off of Maumee-Western Road by mid-2009.
Health Care REIT, Inc., a Toledo-based real estate investment trust, will buy Dana's existing corporate headquarters building located at 4500 Dorr Street for an undisclosed sum. The sale agreement requires approval from state and local authorities and is expected to be close by October 1, 2008. Health Care REIT plans to move its headquarters workforce, comprised of 75 employees, from its current location in One SeaGate to the Dorr Street location.
Toledo Mayor Carty Finkbeiner issued a statement Thursday saying he believes the agreement is a strategic move for both companies and a good one in a changelling era for the city. He says the the city will work with the Fifth Third Center at One SeaGate to fill the space which will be emptied by Health Care REIT.