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…




Chris Semarjian, Owner of ICP discusses Babcock & Wilcox moving headquarters, local operations to Akron’s East End

By Jim Mackinnon  Beacon Journal/Ohio.com  Posted Sep 24, 2018 at 9:25 AMUpdated Sep 25, 2018 at 9:09 AM B&W is taking its talents to Akron. Babcock & Wilcox Enterprises will relocate hundreds of employees from Barberton and Copley to Akron — and also move its headquarters from Charlotte, N.C., to here. B&W’s new corporate offices will be in the East End Offices, Goodyear Tire & Rubber…



Amazon plans mid-September opening for North Randall fulfillment center

NORTH RANDALL, Ohio – A few dozen public officials, economic-development leaders and journalists wound their way through Amazon’s hulking North Randall fulfillment center on Wednesday, getting an early glimpse of a logistics hub set to start humming in mid-September. The multi-level building, spanning 2.3 million square feet, stands where shoppers once milled at Randall Park Mall. Soon…


Medical Mutual leases former American Greetings space

Via Crain’s Cleveland Business 6/18/2018 Click to download Crain’s article.  Electricians, plumbers, painters and drywall installers are about to start work on a $23 million project in Brooklyn as Medical Mutual of Ohio begins to heal some of the damage from the 2016 departure of American Greetings Corp. from the suburb for Westlake. That’s because…