GENEVA, Ohio – A Baltimore
investment firm has purchased a Geneva-based multi-sport complex with an eye to
expand the facilities.
The Spire Institute, one the largest sports facilities in
the country, was acquired by Axxella, specialists in commercial trade service
businesses.
Spire, up for sale for some time, is a 750,000 -square-foot venue situated on 177 acres. It includes an
outdoor track-and-field arena and indoor facilities that can house up to 12
volleyball courts. The complex also features two indoor soccer fields, one
outdoor stadium field and a 50-meter swimming pool.
An academy for high school and
postgraduate athletes with a focus on swimming, basketball and track and field
is also part of the complex.
Previous owners had already invested
more than $100 million in the property, but Axxella officials say they will be
expanding the number of academy sports, camp programs, leagues, club
programming and training activities at the complex.
