Logistics company takes over Dayton-area warehouse in $2.7M acquisition

Story by IPB Industrial
January 13, 2023

A Bellefontaine-based third-party logistics company recently acquired a 10-acre warehouse site in the Dayton region. The $2.7 million acquisition marks the first time the property has changed hands since 1976.

Robinson Investment Group recently acquired the former L&L Distribution Inc. warehouse located at 1901 Industrial Dr. in Celina. Randy Leistner, owner of L&L Distribution, Inc., has worked full-time for his family’s business since he was 18 years old and said that the sale of the property would allow him to retire. The 106,000 square foot space has served as storage space for several customers over the years including Huffy Bicycle, Reynolds and Reynolds and Cargill.

Robinson Investment Group will continue to utilize the space to serve clients for storage and distribution needs. Currently, 75,000 of space is already leased to several customers, with 30,000 square feet of space available. Common uses for the space have been machine storage and packaging distribution.

In addition to this, Robinson Investments plans to expand the space within the next few years to fully utilize the space available on the lot.

“There’s a lot of land, as well as the building — there’s an opportunity for growth there,” said Jason Black, vice president of Robinson.

Robinson Investment Group specializes in warehousing in tertiary markets outside of large cities, with current warehousing locations in Van Wert, Bellefontaine, Lima and Findlay. The Celina location was chosen because it fits into the company’s footprint in western and central Ohio. The company is currently constructing a 100,000 square foot spec warehouse in Van Wert and is planning speculative construction warehouses in Findlay, Van Wert and Lima.

All of L&L Distribution’s employees were hired onto Robinson’s team as part of the acquisition.

The sale of the property was aided by Tim Echemann of Piqua-based Industrial Property Brokers, who brokered the transaction.

“The timing of the transaction was perfect for both parties because of Randy’s desire to retire and the purchasers desire for expansion,” Echemann said.

Robinson Investments, headquartered in Bellefontaine, provides third-party logistics and operates warehouse distributing facilities. The company employs 75 employees across its facilities.