The buyer of the 140,000-square-foot property was Watertower Properties LLC. The investors did their due diligence for the property quickly, Peters said.
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“It was a good price,” he said Tuesday. “There’s not a lot of product like this out there, 100,000-square-feet, that you can purchase right now. I knew it wouldn’t take long. I had really good activity on it.”
The transaction closed last Friday, which happened to be Apex’ first official day of business. It was the new real estate company’s first sizable transaction, Peters said.
The seller was a limited partnership, ECAL Associates, who owned the company that used to do business in the building, Outdoors Sports. The work that had been based in West Carrollton was moved to another warehouse in Bellefontaine, Peters said.
OwnerLand Realty in Mason represented the buyers. A message seeking comment was left for a broker there.
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