Access
to Beachwood [Ohio] medical firms
leads to National Biological’s move
based
on article Jan 7,2007 By
STAN BULLARD
National Biological, a maker of ultraviolet
lamps used to treat skin diseases, plans to turn the lights back on this
year at an empty industrial and office building at 23700 Mercantile
Road in
Beachwood.
Mark Friedman, National Biological president,
said the company would benefit from reorganizing its offices and production
areas in the Beachwood building because its current building in Twinsburg
Township has been expanded several times.
The company’s principals also believe the
Beachwood location will help National Biological gain more contact with
other medical-related companies in Beachwood and nearby University Circle,
Mr. Friedman said.
Through KOF LLC, National Biological’s three
principals — CEO Kenneth Oif, chief technology officer Michael Kaufman and
Mr. Friedman — on Jan. 19 purchased the building. The trio has owned the nearly 40-year-old
company for three years.
National Biological initially will not occupy
about 20,000 square feet in the building. That space has been offered for
lease with Jim Wolf, president of Wolf Real Estate of Chagrin Falls. Mr.
Wolf represented KOF in the purchase, and Simon Caplan, a Cresco broker,
represented Magic American Corp. in the sale. Magic American, a maker of
household solvents and adhesives, moved to leased space a year ago, Mr. Wolf
said.
Tom Sudow, executive director of the Beachwood Chamber of Commerce, which
provides economic development consulting services to the city of Beachwood,
said he was glad to see the building sell. He said Magic American upgraded
the building substantially during the last 20 years.
National Biological produces ultraviolet lamps that doctors, clinics and
hospitals use to treat severe skin diseases. A line of National Biological
products for home use is sold by prescription.
Mr. Friedman said National Biological has had “double digit” sales growth
each of the past three years, although he declined to disclose revenues
because the company is private. He estimates about 15% of its sales are with
foreign customers.
The new building will allow the company to expand it
production facility for
building phototherapy products that meet the highest standards in the
industry as well as provide increased office and meeting space, and
capitalize on both proximity and technology to work more closely with
medical firms at its headquarters.