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…
Inside 541 Perkins Jones Road in Warren, Ohio. A 1.4 MM SF former Kmart Distribution Center
ICP Sponsors Donation Drive to Benefit Providence House in Cleveland
ICP sponsored Taco Tuesday for our tenants yesterday, and it was a huge success! Everyone enjoyed the beautiful day with Barrio food truck and East Coast Custard serving lunch. During the event, we had a donation drive to benefit Providence House, Ohio’s first and longest-running crisis nursery. Thank you to the employees at Oracle, Arrow Electronics, ICP and Demag…
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,…
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…
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 adds pair of executives, acquires two properties
STAN BULLARD – Crain’s Cleveland Business: Industrial Commercial Properties, the Solon-based real estate owner and manager with a sizable portfolio but a small staff, has just added two new executives from the REIT universe: SITE Centers Corp. and the former Forest City Realty Trust. Moreover, in typical ICP fashion, it also has acquired two new…
Story regarding our recent user sale in Cleveland to Dynamic Metal Services
New owner pays $2.5 million for former torpedo plant A massive industrial building near Cleveland’s border with Euclid that started life 50 years ago as a torpedo plant ago has changed hands in a $2.5 million transaction. The new owner, as of Feb. 14, is 18901 Euclid Avenue LLC, which takes its name from the…
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…
