Vantage Real Estate Investment Co. Ltd. has received clearance from the state to reuse the former Talon Inc. Plant No. 7 property on South Main Street.

A consent agreement between Vantage and the Pennsylvania Department of Environmental Protection to allow Vantage to reuse the property with restrictions has been filed in Crawford County Court of Common Pleas.

Vantage purchased the 60,000-square-foot building and 11 acres from the Meadville Redevelopment Authority earlier this month for $250,000. Vantage will convert it into a corporate headquarters.

The former Talon Inc. donated the site to the redevelopment authority in 1994, but the site had contamination from Talon’s manufacturing operations on portions of the property.

In 2004, the authority entered into an agreement with DEP to have contamination either removed or encapsulated on site so the property could be reused. In 2006, the authority and DEP entered into a consent order allowing the property to be reused with restrictions following the cleanup.

Vantage is a for-profit company owned by 13 nonprofit community hospitals in northwestern Pennsylvania, including Meadville Medical Center and Titusville Area Hospital. It provides such services as group purchasing of supplies, linen service and an institutional pharmacy.