“There’s a lot of industrial activity going on in the north market,” Chief Operating Officer Eric Joo said. “There’s pent up demand for new, modern industrial space.”
Joo said the site on Industrial Park Drive, in the Brown School Road area, would have highway visibility. The real estate firm would market the site and develop the warehouse.
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The Dayton region's industrial vacancy rate is down to 6.2 percent as of the second quarter of this year, according to Colliers International, but there's even less space available once you get north of Dayton. The real estate firm reports the north market is 3.7 percent and farther north the Upper Valley vacancy rate dips down to less than 1 percent.
Schueler Group, which works in both Cincinnati and Dayton, has previously said it is aiming to grow its presence in the Dayton region through the aid of Joo, who had previously worked with Dayton-based Miller-Valentine Group and is familiar with the market.
Joo said they didn’t have an estimate of what price they will buy the land for.
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