Solon, OH, Aug. 4, 2017/crainscleveland.com/ – A waist-high table with no chairs is at the center of the lobby of the Cleveland office of Industrial Commercial Properties. It resembles standing desks that office-anchored workers use for a change of pace. But there’s little standing at the central office of one of Northeast Ohio’s largest real estate concerns. Chris Semarjian, ICP’s owner, said staffers hold quick meetings around designs and maps spread out on the table and then “run back to our desks.”
The hustle reflects the rapid pace of transactions from property purchases to leases emanating from the juggernaut that has developed over the past 20 years from multiple deals by Semarjian and serial business partner Stu Lichter, the owner of California-based Industrial Realty Group.
Today, that portfolio incorporates 37 million square feet of commercial property, mostly industrial, and more than 50 buildings in four states. The concern has 280 tenants in all.