Industrial Commercial Properties buys Garfield Heights Kmart for $1.4 million

Stan Bullard Crain’s Cleveland Business The empty Kmart store at 12501 Rockside Road in Garfield Heights has gained a new owner and may gain a new use after an affiliate of Industrial Commercial Properties of Solon acquired it for $1.4 million on Friday, Nov. 22, according to Cuyahoga County land records. Chris Semarjian, ICP’s owner,…


Christopher S. Semarjian sees what others can’t

Smart Business Magazine, November, 2019 Christopher S. Semarjian cuts right to the chase when evaluating real estate. “If we can’t see the opportunity in five minutes, we move on,” says Semarjian, owner of Industrial Commercial Properties LLC. “It’s that quick. I mean, when you’ve done it enough, you just know. We see things that a…



Industrial Commercial Properties buys again at Elyria’s Midway Mall

By Stan Bullard – Crain’s Cleveland Business Industrial Commercial Properties (ICP) of Solon is the new owner of the empty Dillard’s building at Midway Mall, its second acquisition at the Elyria property following the purchase of the Sears building in the spring. Elyria Mayor Holly Brinda announced the Dillard’s deal with an emailed press release…


Italian automotive supplier plans new manufacturing plant in Detroit

An Italian automotive supplier plans to build a new manufacturing plant in Detroit. Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck. Tiberina purchased the land from Cleveland-based…




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…


Industrial Commercial Properties LLC hosts groundbreaking ceremony for ComDoc’s new state-of-the-art headquarters and distribution center in Jackson Twp., Ohio

On Wednesday, May 30th, Industrial Commercial Properties LLC (“ICP”), a Cleveland-based commercial real estate development company, celebrated the groundbreaking of a new headquarters and distribution center for ComDoc in Jackson Twp., Ohio. ComDoc is a subsidiary of Global Imaging Systems, a Xerox company. The 107,500-square-foot future headquarters and distribution center for ComDoc will be located…