Hilco Real Estate Capital Lists 288,980 SF Industrial Facility in Clyde, Ohio for Liquidation Sale

Hilco Real Estate Capital's Real Estate Practice and Commercial Industrial Practice, in partnership with Maynards Industries USA, LLC, have announced a turnkey liquidation sale of a 288,980-square-foot polyethylene terephthalate (PET) and recycled polyethylene terephthalate (rPET) processing facility in Clyde, Ohio. Bids are due on or before June 25, 2026, according to the firm.

The property, located at 202 Watertower Drive, formerly housed Evergreen Recycling — historically among the larger rPET producers in North America — and sits within the Cleveland-Toledo industrial corridor in Sandusky County. The sale encompasses both the industrial real estate and the facility's machinery and equipment (M&E), representing a combined disposition of a fully integrated, purpose-built plastics recycling and manufacturing operation.

Industrial Real Estate Asset Details

Built in 1997 with last major modifications completed in 2021, the facility spans approximately 34.66 acres, including roughly 13.88 acres of undeveloped land. The facility is zoned I-1 for general industrial use and comprises five interconnected warehouses along with multi-level mezzanine office space.

Key physical specifications include 14 dock doors with levelers, clear ceiling heights ranging from 22 to 52 feet, and heavy power capacity of up to 4,000 amps. The site also features eight detached silo units, each capable of storing approximately 300,000 pounds of material, along with substantial indoor and outdoor storage capacity.

The facility's specialized machinery and equipment includes Starlinger solid state polycondensation and pelletizing lines, pelletizing equipment, bale breaking and sorting lines, and Tomra optical sorters, among other industrial processing infrastructure.

Strategic Location Within the Cleveland-Toledo Corridor

The Clyde site offers logistical access to McPherson Highway/U.S. 20 and regional interstate connections including OH-101. The property is approximately 64 miles from Cleveland Hopkins International Airport and roughly 54 miles east of both Toledo Express Airport and the Toledo-Lucas County Port Authority.

According to Hilco Global, the Clyde industrial market has developed as a Midwestern hub for converting post-consumer PET bottles into rPET resins used in food-grade packaging, textiles, and industrial applications. The concentration of rPET/PET activity in the region has historically attracted logistics, materials handling, and downstream manufacturing users seeking proximity to recycled resin supply.

Sale Structure and Asset Characteristics

The disposition is being handled jointly by Hilco's Real Estate and Commercial Industrial groups, with Maynards Industries serving as a co-advisor on the M&E component, allowing both the real property and the embedded equipment to be addressed in a single, coordinated process.

Joel Schneider, senior director at Hilco Global, said, "This sale creates an exceptional opportunity for a buyer to acquire a turnkey industrial operation with significant scale and built-in infrastructure tailored for plastics recycling and manufacturing."

Brent Bonham, head of commercial and industrial — commercial assets at Hilco Global, added: "This specialized facility includes an extensive array of industrial processing equipment and infrastructure ideally suited for recycling, manufacturing or other heavy industrial applications. It presents a compelling opportunity for operators seeking a well-located, high-capacity facility ready for immediate use."

Bid Process and Contact Information

Bids must be submitted on a Purchase and Sale Agreement (PSA), available through Hilco Global Real Estate Sales' virtual data room. Interested parties may contact Michael Kneifel at (847) 201-2322 or mkneifel@hilcoglobal.com, Chet Evans at (847) 418-2702 or cevans@hilcoglobal.com, or Joel Schneider at (847) 418-2723 or jschneider@hilcoglobal.com for inquiries and to request on-site inspections.

Hilco Global, a subsidiary of ORIX Capital Corporation, is headquartered in Northbrook, Illinois, and operates with more than 810 professionals across four continents. Maynards Industries USA, LLC is headquartered in Livonia, Michigan, and specializes in asset disposition and valuation across industrial and manufacturing sectors.

Sources

Hilco Global — Liquidation Sale of Northern Ohio Turnkey rPET/PET Facility With Established M&E Infrastructure (May 28, 2026)