1030 W. Alex Bell Street. Picture courtesy of Industrial Realty Group
Industrial Realty Group has grown its presence within the Dayton, Ohio, market with the acquisition of a 662,000-square-foot manufacturing property in West Carrollton. The vendor was Appvion, in line with public information. Cushman & Wakefield’s Michael Guagenti represented IRG within the transaction, whereas Marcus & Millichap’s Ryan Williams and Ben Tashakorian negotiated on behalf of the vendor.
The commercial constructing options 21 docks, six drive-in doorways, 196 parking areas and ranging column spacing. Positioned instantly off Interstate 75 at 1030 W. Alex Bell Street, in between Indianapolis, Cincinnati and Columbus, Ohio, the power has freeway visibility and rail entry.
Domtar, the property’s tenant since 2020, will proceed to occupy the vast majority of the constructing underneath a long-term lease. The ability nonetheless has 150,000 sq. toes of accessible house, in addition to 25 acres of developable land that may accommodate customizable, build-to-suit choices.
Past its newest acquisition, IRG already had a major presence within the Dayton market and all through the state. Most notably, the agency is within the means of redeveloping the previous GM facility in Moraine, Ohio, after buying it in 2011. IRG additionally acquired 5 Gannett Co. printing services, two of which being situated in Columbus and Wooster, Ohio.
IRG’s portfolio now contains greater than 150 properties in 31 states, totaling greater than 100 million sq. toes of rentable house. The agency not too long ago broke floor on a 50-acre growth with industrial and workplace house in New Orleans.
