Schneider Electric has placed one of its two buildings on the market months after the company ceased operations in Miami County and shuttered its plants.
The fate of the second building remains unclear.
Peru City Council member Mark Ramsey hinted at the Council’s Feb. 1 meeting that movement was afoot at the local properties.
“The main building is basically going to be tor(n) down,” he said, providing an update to council members.
He was referring to the property with a Tippecanoe Street address that faces Ninth Street near where Tippecanoe and Elm streets intersect it. The smaller building that faces Washington Avenue, he said, was slated to be sold.
“There is no final decision, but it looks like it is going to be up for sale,” he said.
But there doesn’t appear to be a final decision on the larger, Tippecanoe Street property either.
In an email, Schneider Electric spokesman Venancio Figueroa confirmed that one building is for sale.
“The other plant is not planned for sale at this time as we are evaluating options for it,” he said.
Jim Tidd, executive director of the Miami County Economic Development Authority, said Tuesday his office has been notified about the new listing.
Though literature circulating about the property that is for sale lists the Tippecanoe address, Tidd confirmed that it is the building facing Washington Avenue that is for sale.
Photographs and highlighted maps accompanying the listing suggest this as well.
The local plant opened nearly 100 years ago and operated under the Square D name, manufacturing electrical equipment.
Schneider announced in early 2019 the coming closure of the plant. In early 2020, the company finished its final round of layoffs and shuttered the buildings.
Questions surrounding the future of the properties had lingered since.
In September, Tidd, whose office helps market commercial property around the county, told the Tribune that he had been trying to get answers about the future of the properties.
“I’d love the opportunity to market the building,” he said at the time. “We are assuming they want to sell or lease it.”