ICP Acquires 2 Properties Totaling 470,000 Square Feet in Holland, Michigan and Bryan, Ohio

CLEVELAND, OH – Industrial Commercial Properties LLC (“ICP”), a Cleveland-based commercial real estate development company, announced the acquisition of two properties totaling 470,000 square feet in Holland, Michigan and Bryan, Ohio.  ICP purchased the properties from Adient, the world’s largest automotive seat manufacturer.  Adient was founded as a spin off of Johnson Controls in 2016,…


ICP Buys Former Sears Distribution Center in Metro Columbus

Citing substantial demand, the Ohio-based developer plans to subdivide the 570,000-square-foot property, which is fully equipped with conveyors and racking. Industrial Commercial Properties has acquired a 570,000-square-foot former Sears distribution center in Groveport, Ohio. Cleveland-based ICP has acquired four Ohio properties from Sears since 2014, counting the Groveport facility—the Sears retail building at the former…


ICP Acquires 1.4 MSF Ohio Distribution Center in Warren Ohio

Located on the outskirts of Youngstown, the asset is the fifth such facility acquired by the investor from Sears or Kmart. Industrial Commercial Properties has purchased 541 Perkins Jones Road, a 1.4 million-square-foot former Kmart distribution center in Warren, Ohio. The building is on the outskirts of the Youngstown area, close to other major distribution…


Industrial Commercial Properties expands Solon holdings with $3.5M deal

STAN BULLARD     Crain’s Cleveland Business CoStar Industrial Commercial Properties paid $3.5 million to buy the building at 6680 Parkland Blvd. in Solon through a Cuyahoga County receivership’s sale. Industrial Commercial Properties (ICP), a Solon-based property owner with a portfolio extending from Detroit to Pittsburgh, often searches far for acquisitions. But its latest deal was across…




Industrial Commercial Properties LLC acquires 182 acres in Wixom, Michigan

Industrial Commercial Properties LLC (“ICP”), a Cleveland-based commercial real estate development company, has announced the acquisition of 182 acres of land in Wixom, Michigan, formerly the site of the Ford Wixom assembly plant.  The seller was Boston-based Trident Barrow. Christopher Semarjian, the owner of ICP, commented, “This is a major milestone for the continued redevelopment…


Lichter and Semarjian buy shuttered Walmart in Bedford

The massive Walmart Supercenter in Bedford was acquired Friday, Nov. 17, by real estate developers Chris Semarjian and Stuart Lichter. The business partners recently sold much of the former Randall Park Mall site, after demolishing the mall, for construction of an Amazon fulfillment center, one of their many massive industrial real estate projects over the…