Giant warehouse built near Dayton airport sold for $41.3M

A 2019 glimpse of the interior of the Energizer Distribution center in Dayton. THOMAS GNAU/STAFF

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A 2019 glimpse of the interior of the Energizer Distribution center in Dayton. THOMAS GNAU/STAFF

Energizer was located in building before it moved workforce to Monroe in late 2019, early 2020.

The building that arguably inaugurated the boom in logistics and distribution centers in the Dayton area has been sold for $41.3 million, the largest property sale in Montgomery County so far this year, new records reveal.

What was once the Spectrum Brands and then Energizer distribution center near Dayton International Airport sold for that amount Monday. Exeter 2800 Concorde L.P. was identified in records as the buyer, with Stag Industrial Holdings LLC the seller.

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The 570,000-square-foot center on 2800 Concorde Drive was among the first large distribution operations built near the airport, helping to lead the way for several Dayton area large-scale distribution and logistics operations in a trend remains strong to this day. Construction of that first building started in 2016.

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What had been the Spectrum Brands auto products distribution center covers some 570,000 square feet and employed nearly 350 people at one point. THOMAS GNAU/STAFF

What had been the Spectrum Brands auto products distribution center covers some 570,000 square feet and employed nearly 350 people at one point. THOMAS GNAU/STAFF

Combined ShapeCaption
What had been the Spectrum Brands auto products distribution center covers some 570,000 square feet and employed nearly 350 people at one point. THOMAS GNAU/STAFF

Steve Stanley, executive director of the Montgomery County Transportation Improvement District, pointed out that the P&G distribution center in Union, built in 2013 and 2014, was the first big logistics site in the area. But the construction of this building “was a really important step forward in the broader development that occurred,” Stanley said.

The building started its existence as a distribution hub for Spectrum Brands auto care products. In early 2019, Energizer Holdings, a St. Louis-based maker of batteries and portable lighting products, said it had completed its $938.7 million acquisition of Spectrum Brands Holdings’ global auto care business, which includes the Armor All, STP and A/C Pro brands. Energizer then took over that distribution center in Dayton.

But Energizer’s place in the building did not endure. In late 2019, Energizer notified the state of plans to move its auto products distribution operation from the Dayton center to Monroe.

A message seeking comment was sent to an investor relations representative of Energizer Holdings.

J. Peter Lloyd is listed as manager of Exeter 2800 Concorde in Ohio state business filings. He is chief financial officer at EQT Exeter in Pennsylvania. Messages seeking comment were sent to Lloyd and EQT’s press office.

The Montgomery County auditor’s office confirmed Monday that this is the biggest property transaction in the county so far this year. The next closest was the Heidelberg building transaction earlier this year for $33.2 million, said Mike Brill, communication director for county Auditor Karl Keith.

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