Company buys former Yo. Osteopathic Hospital

Company buys former Yo. Osteopathic Hospital

YOUNGSTOWN — A Minnesota company bought the former Youngstown Osteopathic Hospital building for $1.25 million.

Metro Development Properties of Excelsior, Minn., will lease space to community outreach organizations, said Jamie Anderson, a company attorney.

The company bought the building at 100 Broadway on Friday from CMD Realty Group of Youngstown. The sale was negotiated by Kutlick Realty of Boardman.

CMD, whose managing partner is Christopher Tornello of Liberty, bought the building for $150,000 in 2001. It was the sole bidder in a bankruptcy court proceeding that followed the closing of Youngstown Osteopathic.

CMD, which renamed the building the Broadway Professional Center, has been leasing space to social service agencies as tenants. Anderson said leases for the Women, Infants and Children’s Program, Home Weatherization and Head Start Food Service will continue.

For the complete story, see Wednesday’s Vindicator and Vindy.com.