Central Ohio Technical College (COTC) announced on June 19 that it is updating its approach to selling or leasing part of its Coshocton Campus, working with a real estate broker while maintaining its commitment to the local community.
The college has recently partnered with local brokerage Howard Hanna to renew efforts to reduce occupancy in the 45,000-square-foot Montgomery Hall. Over the past year, COTC leaders have sought partners interested in sharing the building or potentially purchasing it outright.
"We’re very excited to work with Carly Thompson and Karla Norris at Howard Hanna, become more aggressive, and increase our efforts toward finding a solution," said David Brillhart, vice president for business and finance at COTC. "We simply want to reduce our footprint and the associated operating costs of an oversized facility. Any proceeds will be invested in further subsidizing our presence in Coshocton."
Montgomery Hall has served as COTC’s Coshocton campus since 2008. The building was originally constructed as a boutique hotel in 1986 and underwent full renovation in 2010. COTC has offered classes in Coshocton since 1977, initially at Coshocton High School.
"This is a truly unique opportunity not only for Coshocton County, but for the whole region," said Carly Thompson of Howard Hanna. "The flexibility of this exceptional facility allows for multiple ownership possibilities. We hope to attract business organizations that will also preserve the current owner’s presence, which has served the community for years. Opportunities of this scale and significance are exceedingly rare, and we’re excited to help bring new investment and long-term growth to Coshocton County."
John M. Berry, PhD, president of COTC, said, "Our relationship with Coshocton is truly interwoven. The success of our students and this community are one and the same. While we’re rightsizing our footprint, we’re equally focused on strengthening our long-term presence and impact in Coshocton. These efforts are about sustaining and enhancing our commitment — not reducing it."
Earlier this year, COTC expanded its Coshocton Promise program, which provides free tuition for eligible students from Coshocton County who meet certain income requirements.
