Colliers has completed the sale of Innovation Industrial Park Building 2, a 208,000-square-foot Class A industrial facility located at 1901 Innovation Avenue in Rossford, Ohio, just south of Toledo.
Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, and Tyler Ziebel, in partnership with local market advisors Tim Breckner and Conor Toomey, represented the seller, Scannell Properties. The property was acquired by Glen Una Management Company.
“The Toledo industrial market continues to benefit from its strategic positioning at the intersection of Interstate 75 and Interstate 80/90,” said Cantu. “This transaction reflects continued investor demand for newly constructed industrial assets with durable tenancy and near-term rent growth, particularly along established Midwest logistics corridors.”
Delivered in 2022, the facility is fully leased to Logos Logistics, Norplas Industries Inc., and Grabber Construction Products. The property is positioned within a well-established industrial corridor anchored by major logistics users, with immediate access to Interstate 75 and Interstate 80/90.