About 50 former Jeter Systems employees take office at Main and Bowery streets
04/08/2008
Tab Products Co. LLC, the new owner of longtime Akron business Jeter Systems, has chosen a downtown Akron location for its office.
Tab has signed a three-year lease for a little more than 5,000 square feet in the One Cascade Plaza/National City Center building, said Ed Matzules, an agent with NAI Cummins. The offices will be on the first floor of the building at Main and Bowery streets.
Bill Graham, president of Tab U.S. and Tab Europe, who came to Akron last month to look for new office space with Matzules, was unavailable for comment Monday.
Graham had said he was looking for office space in downtown Akron that would work for its pared-down Akron operations, but would also suit future expansion.
About 50 former Jeter employees who now work for Tab will occupy the space starting May 1. They are sales staff and customer- and professional-services employees who help companies set up filing systems. On March 5, Jeter Systems' manufacturing plant on Firestone Parkway was shut down, with the loss of 105 jobs. The sale of Jeter to Tab closed on Jan. 2, and notice was given to employees shortly after the closure. Details of the transaction by the private companies were not disclosed.
Manufacturing of filing systems and equipment, which were a duplicate of the Jeter manufacturing operations, has been moved to Tab's Mayville, Wis., plant.
Matzules is also handling the sale of the former Jeter office building and manufacturing facility. The asking price is $3.5 million, but the facilities can also be split up, he said. There's a 32,000-square-foot office and assembly building with open space on the first floor with two loading docks and traditional office space on the second floor.
There's also a 130,000-square-foot industrial building.
Betty Lin-Fisher can be reached at 330-996-3724 or blinfisher@