Real estate developer acquires 93-acre industrial facility in West Carrollton

The site, across I-75 from West Carrollton High School, was previously home to an Appleton Papers plant.

“IRG has long seen the dynamic nature of the Dayton industrial market,” IRG President Stuart Lichter said in a release. “We are excited to invest again into the community by securing job-creating tenants with economic growth opportunities for the Dayton area.”

Closing for the purchase of the 93-acre site was June 27, said Lauren Crumrine, vice president of marketing for IRG’s Columbus office. “Per our corporate policy, we do not disclose the purchase price,” Crumrine told this news outlet.

The firm said the site is “well-positioned between the markets of Columbus, Cincinnati, and Indianapolis” and includes “freeway visibility, ample parking and rail access.”

In addition to 150,000 square feet of available space, the site also includes 25 acres of developable land that provides customizable, build-to-suit options, IRG said.

“With strong demand in Dayton’s industrial market, IRG anticipates high demand for the available space and development opportunity,” the firm said in the release.

IRG specializes in the acquisition, development and management of commercial and industrial real estate throughout the United States. Through its affiliated partnerships and limited liability companies, it operates a portfolio containing more than 150 properties in 31 states with more than 100 million square feet of rentable space..

Michael Guagenti of Cushman & Wakefield represented IRG. Ryan Williams and Ben Tashakorian of Marcus & Millichap represented the seller.

Montgomery County property records as of this summer had shown the owner of the property as Appvion Operations. Appleton Papers changed its name to Appvion last decade.