The industrial market continued to move out of its recession phase and into recovery during the first quarter of 2013. The South Dayton Market continues to lead in activity, with new construction and activity near the Austin Landing interchange and along Byers Road. The Moraine and West Carrollton submarkets (hit hard with the closing of the GM Facilities) are showing signs of recovery with the continued absorption of bulk space and the increased activity at Progress Park (former GM plant which includes 4.2 million SF of space.) The North Dayton Market, including the Upper Valley market, appears to be one of Dayton’s most active market with strong lease activity in North Dayton, Vandalia, Tipp City and Troy.
Notable industrial transactions include:
- The purchase of the former Cooper Tire facility by Heidelberg Distributors (780,000 SF for $7.25M, a total investment of $21M)
- The sale of the former Nittsu Shoji, U.S.A facility in Troy by Waco Warehouse, Inc. (135,000 SF for $2.2M)