The building that once housed Pentzer Printing Inc. on the Columbus AirPark campus will soon have a new owner, although its future use has not been determined.
The 10,000-square-foot building at 4505 Kelly St. has been purchased by K&W Investments, said Keith Kunz, a partner in the firm with Pete Willoughby. Kunz, who also operates Keith Kunz Motorsports at 4575 Kelly St., said an offer on the building was recently accepted for an unspecified amount.
Columbus resident John E. Settle, who purchased 50 percent of Pentzer Printing Inc. in 2012 and the remainder of it in 2013, closed the print company Jan. 6 and filed for bankruptcy Jan. 10, according to the U.S. Bankruptcy Court for the Southern District of Indiana.
The building, which had been listed for $379,000 by Breeden Industrial/Commercial of Columbus, includes 8,000 square feet of warehouse space and 2,000 square feet of office space, according to the sale listing. The Columbus Board of Aviation Commissioners on Tuesday approved the transfer of an existing lease to K&W Investments through Aug. 31, 2032.
The airport board had also expressed interest in the building after approving a preliminary purchase agreement at a cost not to exceed $320,0000 with Settle Enterprises Inc. in March. Kunz said K&W Investments purchased the building as an investment property, although what will eventually go in at the site remains undetermined.
The airport board also learned that Taylor Bros. Construction Co. Inc. plans to occupy a building at 4475 Middle Road starting Aug. 1, said Brian Brewsaugh, who operated Precision Pattern Works LLC with Brent Overfelt. Brewsaugh said Precision Pattern Works, a manufacturer of prototypes for tools, went out of business last month.
The headquarters for Taylor Bros. is located at 4555 Middle Road.