The 522,000 square foot facility was formerly SuperValu’s food distribution and warehouse center for large scale dry, cool and freezer storage.
The Dec. 3 purchase was $4.3 million, according to Greene County property records.
The warehouse acquisition was made by Xenia Bellbrook LLC. Lichter is a principal of Southern California-based Industrial Realty Group and Semarjian, of Cleveland’s Industrial Commerce Limited, is his Buckeye State partner. Both have invested extensively in the Dayton area, including in a former General Motors plant in Moraine, which they renamed Progress Park in 2011.
In their announcement, the investors said reuse plans include offering the former SuperValu site to businesses who need temperature controlled storage and distribution.
The building includes 300,000 square feet of dry storage, 100,000 square feet of refrigerated space and 80,000 square feet of freezer space.
“We are confident that there will be many businesses who require this rare and valuable space,” Semarjian said in the statement. “It is a natural transition for companies who would prefer a reuse rather than the cost and length of time that it would take to create this space from inception.”
“We are excited about the chance to once again work in Southwestern Ohio and continuing to execute our core business plan of repurposing corporate amenities,” said Lichter.
In May, when the center’s closing was first announced, Xenia City Manager Jim Percival said the closure will cost the city about $100,000 in tax revenue. Percival pledged at the time to work to find a new owner for the site.
Semarjian and Lichter have invested in more than 7 million square feet in the region.
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