Industrial Realty Group (IRG) and PREP Funds announced the recent acquisition of 5870 Poe Ave in Dayton, Ohio. The property will be redeveloped into Dayton Commerce Center, a high-utility industrial property designed for state-of-the-art manufacturing, modern logistics, and corporate operations.
The project will add to the ownership’s collective 7.2 million square feet owned in southwest Ohio. The 11.5-acre project was acquired by IRG and PREP Funds to establish a premier industrial project in the greater Dayton industrial market. The development team is executing renovation plans across the 160,000-square-foot complex, and ownership is actively marketing the space for lease to secure tenants for the site’s next chapter.
Dayton Commerce Center provides immense geographic and operational benefits to regional supply chains. The site sits in an unmatched logistical corridor right on Interstate 75, 2 miles from Interstate 70, and 7 miles from Dayton International Airport. Construction upgrades are slated to begin immediately as IRG and PREP Funds prepare the property for new occupants.
The post IRG, PREP Funds to Redevelop Ohio Industrial Site appeared first on Connect CRE.