Toledo sells off former Stautzenberger College buildings

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TOLEDO (13abc Action News) - A real estate group will redevelop the old Stautzenberger College buildings near the former Southwyck Shopping Center property.

According to a city spokesperson, the city closed on the sale last week.

The city says it's part of the ongoing strategy to continue revitalization in that portion of south Toledo.

Olympic Real Estate Group LLC, plans to redevelop the buildings into commercial office space for its sister company, Rahe & Company CPA's LLC, an accounting and tax service doing business as Financial Express and Payroll Express LLC.

According to a release, Olympic will redevelop the 19,904 square-foot-building at 5355 Southywyck and consolidate its three Toledo-area offices and its 42 employees in that location.

It could also mean the addition of jobs in that corridor.