UNION CITY, Pa. — Two Los Angeles-based investors have


bought the former Ethan Allen Interiors Inc. complex that has been vacant for several years.

Avi Shemuelian and Dan Weingarten, operating as One Nation Equities Inc., finalized the deal Thursday and hope to lure new businesses to the 8-acre site that takes up most of three city blocks. The price was not disclosed.

”We’d love to see Union City brought back to life,” Shemuelian said.

The site has enough space to serve as an incubator for more than 20 small businesses, he said. Larger manufacturers could also find the space attractive, he said.

The borough, about 110 miles north of Pittsburgh, has suffered economically over the past several years with many businesses, including Union City Chair Co., American Lumber, Union City Memorial Hospital, closing.

Ethan Allen closed its furniture plant in August 2003, eliminating about 250 jobs.

”This is the first step, but it’s a giant step in the right direction,” borough manager Cheryl Capela said of Shemuelian’s
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plan.

Shemuelian said he and Weingarten first visited Union City two months ago.

”We saw a place in need of new blood,” he said. ”And we learned that the community is ready to work with us. We’re excited.”

Information from: The Journal, http://www.corrypa.com/journal