Developer will invest up to $65M to build 1 million-square-foot industrial park in Trotwood

Developer will invest up to $65M to build 1 million-square-foot industrial park in Trotwood

A massive tract of land in Trotwood will soon be home to a nearly 1 million-square-foot industrial park serving distribution, fulfillment and manufacturing companies.

The Trotwood Community Improvement Corporation (TCIC) has entered into an agreement with GATED Properties Global to develop the GATED Global Industrial Park — an eight-building industrial park on more than 85 acres in and around the existing Trotwood Commerce Park.

Chad Downing, executive director of the TCIC, said the project will be completed in phases. The first phase includes three 200,000-square-foot buildings and one 80,000-square-foot building, which will be constructed immediately southwest of the Olive Road/Wolf Creek Pike interchange.

The next phase will be on the east side of Olive Road. Site plans indicate the eastern side of the development will include four more buildings: one 162,500-square-foot facility, an 80,000-square-foot facility and two 26,000-square-foot facilities.

“We’re also seeking how we can add more acreage to this so we can get more square footage,” Downing told me. “Our goal is to get up to one million.”

JLL, a professional services firm that specializes in real estate and investment management, was selected by GATED to provide leasing services for the Class A industrial development.

“We’re marketing them all at the same time,” Tom Fairhurst, senior vice president at JLL Cincinnati, told me. “So if anybody’s looking for space in that area, we’ll have a handful of options for them.”

All facilities will be built to suit, meaning construction won’t begin until future tenants execute a lease agreement. However, the first 200,000-square-foot building is tentatively slated for completion in 2022.

“As of right now, we are considering using resources like the OSIP program from JobsOhio to get a building out before it’s leased,” Downing said. “But right now, their plan is to work with companies to get a lease established, and then move to build right away.”

The total investment for the development is estimated between $60 million and $65 million, depending on construction costs and final building sizes.

Future tenants will have immediate access to the nearby Route 49 connector, I-70/75 corridor and the Dayton International Airport.

“This partnership gives Trotwood the ability to compete for larger companies seeking to lease new industrial space in the region,” said Quincy Pope, city manager and TCIC board chairman. “This partnership with GATED Properties Global to develop new facilities to meet the growing demand for companies puts Trotwood in a great position to attract new businesses and jobs.”

pany, Downing said. The developer is originally from Cincinnati and is now based in California, but they’re not a new face in the Trotwood community.

“They actually owned the Westbrooke Village Apartments in Trotwood, and they conducted a full redevelopment of those — and did a fantastic job — after the tornado wreaked havoc on their properties,” Downing said.

“So, this relationship started with our support at the city level to help them get those redeveloped,” he said. “And with them recognizing the relationship this community had with them, (they) wanted to invest further.”

GATED Properties plans to work directly with TCIC to bring companies to the park. Both parties will also work with the Dayton Development Coalition, Montgomery County Economic Development and JobsOhio to bring development and other supportive incentives.

“We are blessed to have the opportunity to showcase our grand city as an attractive, meaningful and exciting corporate venue,” a spokesperson for GATED Properties said. “Our goal is to pioneer a state-of-the-art business park which will attract jobs and add to the city’s profile.”

The property will need to be rezoned before development can move forward. Trotwood City Council is expected to approve the rezoning at its Monday meeting.

“This presents an exciting opportunity for the City of Trotwood,” Mayor Mary McDonald said. “We look forward to bringing new businesses and creating living-wage jobs for our residents through this collaboration.”