TradeLane Properties Acquires 131,150 Square Foot Industrial Building in Lebanon, OH
West Chester, OH – TradeLane Properties, a privately held Industrial Real Estate company, has purchased 2800 Henkel Drive, a light industrial facility, totaling 131,150 square feet, in Lebanon, OH. This freestanding, light industrial building is situated on 9.72 acres with 12 dock high doors (expandable), 24’- 30’ clear height, two drive-in doors, 4,000 amps of power, 146 auto stalls.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment is 100% vacant upon acquisition. As part of its investment strategy, TradeLane Properties will redevelop the facility to include new LED lighting, significant asphalt and concrete improvements, exterior and interior building paint, landscape upgrades and remodeled interior office space. The redevelopment asset will be listed for lease with Doug Whitten of CBRE.
The acquisition of TLP 2800 Henkle Drive is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Doug Whitten with CBRE, Byline Bank, and Greenberg Traurig LLP for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping and operating industrial real estate facilities. Combining 75 years of experience, two publicly traded industrial REIT’s and decades of extensive value creation for shareholders, employees and customers, the TradeLane Properties founders have a proven track record of success. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.