Bruce Roth, Toledo, president of R&P Investments, confirmed the company has purchased the former Shopko building in Archbold.
Bids for the building were taken via the Internet; bidding ended Aug. 9.
Roth said R&P will close on the property, Monday, Sept. 11.
R&P plans to market the building to other businesses, “sale, lease, or build to suit,” Roth said.
“We think it’s a very nice building. We think we’ve got great opportunity with it.”
He declined to disclose the purchase price.
A rumor said a manufacturing operation would move into the building.
“I was contacted by a guy that is interested in putting in a manufacturing facility. He’s a local guy; I guess he manufactures and distributes Christian products,” Roth said.
“We don’t have any agreements or anything like that, but he does have an interest in the building.
“From what I know of the town, and I have some employees from another company who live there, that town could use a real nice little grocery store. That was a thought that crossed my mind.
“We don’t really have plans at this point. We’re going to clean it up and make it look real nice.
“I think Archbold is a great town.
“I can assure you, anybody we strike a deal with, I’ll make sure they have a good interest in the town.”–corrected Oct. 2, 1:52 pm