AKRON (June 1, 2009)—Goodyear said it has sold some of its Akron properties to Industrial Realty Group as a first step toward finalizing plans for a new headquarters.
Goodyear signed a multi-year lease agreement with IRG and will remain in its existing buildings until its new headquarters is completed next to the Akron Technical Center.
Goodyear will record a noncash, after-tax charge of about $40 million to $45 million in the second quarter of 2009 as a result of the property sales.