{"id":1004122529,"date":"2015-07-05T11:56:48","date_gmt":"2015-07-05T19:56:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354442"},"modified":"2020-05-19T09:33:28","modified_gmt":"2020-05-19T17:33:28","slug":"buyers-snap-up-distribution-centers-near-cincinnati-dayton","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/buyers-snap-up-distribution-centers-near-cincinnati-dayton\/","title":{"rendered":"Buyers Snap Up Distribution Centers Near Cincinnati, Dayton"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

Out-of-state investors have picked up two industrial facilities in the Greater Cincinnati and Dayton areas. Between them, the properties commanded more than $24 million.<\/p>\n

According to the Dayton Business Journal<\/em><\/a>, Boston-based Stag Industrial<\/a> paid $9.1 million to buy the Bon-Ton<\/a> distribution center in Fairborn. The 260,000-square-foot property is located at 1340 E. Dayton-Yellow Springs Rd.<\/p>\n

The newspaper also reported that the facility will continue to operate as a Bon-Ton distribution center. The York, Pa.-based company is one of the city’s largest employers; about 180 people work at Stag Industrial\u2019s newly acquired property. However, Chris Wimsatt, the city’s economic development director, told the Dayton Business Journal<\/em> that the facility will lose 50 of those workers when the company opens a new distribution center in West Jefferson. Even so, Bon Ton will remain one of the city\u2019s largest employers.<\/p>\n

\"Aviation<\/a>Also under new ownership is an industrial facility in Hebron, Ky. The Cincinnati Business Courier<\/em><\/a> reports that an affiliate of Denver-based EverWest Real Estate Partners<\/a> paid $15 million for the warehouse building at 1260 Aviation Blvd. The deal closed in May. VanTrust Real Estate L.L.C. was the seller.<\/p>\n

EverWest\u2019s new 274,000-square-foot warehouse opened in the summer of 2014. It is located less than a mile from Interstates 71, 75 and 275, and close to Cincinnati \/ Northern Kentucky International Airport. It is currently home to the United Parcel Service. Tom Karbowski, managing director of acquisitions for EverWest, told the Business Courier<\/em> that his company was attracted by the property\u2019s location, tenant and quality.<\/p>\n

Photo credit: <\/em>www.vantrustrealestate.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two out-of-state investors have picked up two industrial facilities in the Greater Cincinnati and Dayton areas. The properties sold for a total of more than $24 million.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[],"class_list":["post-1004122529","post","type-post","status-publish","format-standard","hentry","category-cincinnati","category-latest"],"acf":[],"yoast_head":"\nBuyers Snap Up Distribution Centers Near Cincinnati, Dayton - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/buyers-snap-up-distribution-centers-near-cincinnati-dayton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buyers Snap Up Distribution Centers Near Cincinnati, Dayton\" \/>\n<meta property=\"og:description\" content=\"Two out-of-state investors have picked up two industrial facilities in the Greater Cincinnati and Dayton areas. 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