Tiffin Mall

$2.3M investment announced at Tiffin Mall

googoo2World’s largest car wash company to locate new facility

TIFFIN, OHIO – September 22, 2017 – Developers have announced intentions to build a Goo Goo 3 Minute Express Wash car wash franchise on an outlot of the Tiffin Mall property. The real estate purchase, construction and equipment costs represent a $2.3 million investment and the creation of up to 15 new jobs.

Tiffin Mayor Aaron Montz says the project is just the first in a series of development initiatives being planned for the site. “It is exciting to see development moving forward in our West Market Street commercial corridor,” he said. “These large-scale projects take time to plan and bring to fruition; this is the first step of many to come for the mall site.”

Started in 1945 in Anniston, Alabama, Goo Goo Car Wash is an express car wash company headquartered in Columbus, Georgia with 39 outlets in five states. The company, in turn, is owned by private British IMO Car Wash Group, the largest car wash company in the world. IMO operates a network of 800 sites across 12 European countries and Australia, washing over 30 million cars every year.

The Goo Goo car wash is the first project announced for the property since the Tiffin Mall was purchased by Toledo-based Key Hotel and Property Management (KHPM) last September. KHPM continues to negotiate development opportunities for the property.

About SIEDC
Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.senecasuccess.com.

Tiffin Mall purchased by Toledo development company

Investors working on future plans

tiffin mall signTIFFIN, OHIO – September 3, 2016 – Key Hotel and Property Management (KHPM), a Toledo-based real estate development and management company, announced today that it is moving forward with purchasing the Tiffin Mall for $2.2 million from Tiffin Mall Realty, which itself is owned by the Kohan Retail Investment Group out of New York. The firm is currently developing an investment and development strategy for the property, which it hopes to unveil in the coming months.

KHPM CEO Steve Roumaya believes that Tiffin is a community on the move and is ready for additional growth. “For the last couple of years, the retail market has been hot in Tiffin, and we see that there is significant demand for additional shopping options,” he said. “We look forward to working with all existing mall tenants as well as other area businesses to help them succeed, and we appreciate all the support we are receiving from the City of Tiffin and SIEDC.”

Roumaya established Key in 1994 and has been involved in several successful development projects in Ohio and Michigan, including Bancroft Village and Suder Shoppes in Toledo, Navarre Crossings in Oregon, and River Valley in Monroe, Michigan. Ohio.

The Tiffin Mall opened in 1980 and was built by Developers Diversified Realty (DDR) based out of Cleveland, Ohio. In 2005, DDR constructed the movie theater now occupied by Cinemark, and they sold the mall in 2012 to the Kohan Retail Investment Group. The mall currently has 28 retail spaces inside, as well as the theater and two outbuildings. Most of the spaces are currently vacant.

Tiffin Mayor Aaron Montz was pleased with the announcement, saying “We welcome Key’s investment and desire to develop the site here in Tiffin. We are excited about continuing to create an environment where people do not have to leave to shop and dine, and we think the project can again help continue our retail momentum.”

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on at the company’s blog at http://www.senecasuccess.com.