TradeLane Properties Acquires 183,178 square foot Industrial Facility in West Chester, OH
West Chester, OH – TradeLane Properties, a privately held Industrial Real Estate company, has purchased 9113 Le Saint Drive, an industrial facility totaling 183,178 square feet, in West Chester, Ohio. This freestanding facility, demised into three units, is situated on 10.92 acres and includes seven dock high doors, six drive-in-doors, 16’- 28’ clear height, 7,000 amps of power and 428 auto stalls. The building is located approximately 2.5 miles from Interstate 275 and 4 miles from Interstate 75.
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 was acquired vacant and subsequently leased to three separate tenants immediately after closing.
As part of its investment strategy, TradeLane Properties will replace the existing metal roof with the application of a new flute fill and TPO system, upgrade to LED lighting, perform significant asphalt work, apply new exterior and interior building paint, remodel the interior office space and install new landscaping.
The acquisition of TLP 9113 Le Saint 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 Tim Schenke with CBRE, Wintrust Bank, and Franklin Law Firm, PLLC 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 focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.