Lighting Up the Flats with TPI Efficiency

Lighting Up the Flats with TPI Efficiency

5/11/2015

TPI Efficiency  earlier this year celebrated its move to a new building on the West Bank of the Flats, which the company recently purchased. The 6-year-old energy consulting company helping businesses “redefine their bottom line” was formed by Roger Zona in 2009 out of his home and has since experienced steady, solid growth. TPI’s consulting service primarily helps businesses reduce operating expenses through energy efficiency and cost containment of: electricity, natural gas, lighting, IT, waste disposal, credit card processing and telecommunications.

This move allows TPI Efficiency to add at least another 9 new full-time jobs to its current staff of sixteen. The expansion was partially financed by a $50,000 forgivable loan through the City of Cleveland’s Vacant Property Initiative (VPI) .   
        
The last moniker of the building, located at 2020 Center Street, was Stonebridge Plaza and was originally built as an industrial property, but has since seen various uses throughout its life. Over the past 19 years, the building has been home to three different short-lived restaurants. Until TPI Efficiency’s move, Stonebridge Plaza had been predominantly vacant since Mocha Fusion closed in 2008. The building’s vacant status allowed Roger Zona to utilize a forgivable loan from the Department of Economic Development’s Vacant Property Initiative (VPI) program. The VPI program is specifically designed to overcome barriers in the full reuse of abandoned, idled or underutilized commercial and industrial properties.

TPI Efficiency occupies 9,866 sq. ft. in the newly renovated building, compared to the 3,500 sq. ft. space that the business was previously tenanting.

“This is just what people want to see in the city,” said David Browning, managing director of CBRE Group Inc.'s Cleveland office.[1]  This historical problem-property has been reincarnated, this section of the Flats re-invigorated, while the larger space provides ample room for the company’s future growth. Win-Win-Win.

To find out more about the Vacant Property Initiative and how this program may help your business, please contact Kevin Schmotzer at 216.664.3720. To find out more about TPI Efficiency's Consulting Services please go to their website or send them an email.

"They really held our hand walking through the process and made it as seamless and painless as possible," Zona says of Councilman Joe Cimperman and Kevin Schmotzer of Cleveland's Economic Development Department during the grant application process.


 

[1] Bullard, Stan “TPI Efficiency and sister company are calling the Flats home” Crain’s Cleveland Business, 1/11/2015.

 

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