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UNION— Balboa Real Estate Partners, LLC and The Opus Group announced plans to build a 213,000-square-foot warehouse distribution center, Crossroads Logistics Park, in Union.
“This speculative building is designed to meet the needs of small and mid-sized companies in the Logistics and Advanced Manufacturing sectors,” said Balboa Real Estate Partner, Tom Calahan. “Without the OSIP funds from JobsOhio, it may not have been possible to develop this needed project. We appreciate the support of JobsOhio, the Dayton Development Coalition (DDC), Montgomery County Transportation Improvement District (MCTID), and the City of Union to help make this project happen.”
The building will help build an inventory of small industrial sites near the Dayton Airport. It will be designed as a rear-load facility with 32’ clear height, 20 dock doors with 60’ staging bays and 57 trailer stalls.
“This new building will help the Dayton Region meet the demand for modern, mid-sized, rear-loading buildings in the Dayton market,” said Opus’ Senior Manager, Todd Davis. “The building’s design will help attract a wide range of end-users that will help the region remain competitive.”
The project will target smaller to mid-sized tenants in the Logistics and Manufacturing sectors through marketing efforts led by Colliers.
“This particular submarket has experienced recent build-to-suit efforts but has not attracted this type of development,” said the DDC’s Executive Vice President of Regional Development Julie Sullivan. “The site being located adjacent to the Dayton International Airport and many other Logistics and Light Industrial companies makes it the ideal site for a speculative industrial building.”
The City of Union is making significant contributions to water and sewer extensions and roadway improvements to make this project possible.
“We are proud that our strong collaboration with the developers, MCTID, DDC and JobsOhio will create a quality industrial park,” said City of Union Manager, John Applegate.
JobsOhio supported the project with a $1,000,000 Ohio Site Inventory Program (OSIP) grant. OSIP offers grants and low-interest loans to support speculative site and building development projects with no identified end-user. The primary goal of OSIP is to fill gaps in Ohio’s real estate inventory with real estate targeting near-term sector wins to ensure our state is more competitive for reactive site selection projects.
“This new speculative building at Crossroads Logistics Park is specifically designed to attract logistics and manufacturing companies seeking to establish new operations rapidly,” said J.P. Nauseef, JobsOhio president and CEO. “Along with Crossroads Logistics Park’s strategic location near the airport and major highways, this facility provides a competitive edge for companies looking to grow in the North American market.”