Story by IPB Industrial
January 19, 2024
PIQUA— J&M Investments of NW Ohio announced plans to construct a 40,000 square foot manufacturing facility located in the existing Paul Sherry Industrial Park. The project will open up 34 additional acres of industrial zoned land with full utilities.
“Located in the south end of Piqua a few minutes from I-75, the Paul Sherry Industrial Park is home to over 20 businesses. Building sizes range from 5,000 to 100,000 square feet,” said Mike Sherry. “The property is strategically located to ensure unparalleled connectivity for business with a pulse of logistics and transportation.”
Anticipated for completion by August 2024, the facility will target advanced manufacturing, aerospace, automotive, and food processing companies. The facility offers key features such as 30-foot ceiling heights that provide businesses with versatile storage options and two dock doors and drive-in doors for loading and unloading efficiency. The facility is also located on a 4.54 acre lot that accommodates outdoor storage options or future expansion opportunities.
“The project helps address industrial inventory availability in the region, allowing us to attract more jobs and talent” said Dayton Development Coalition Executive Vice President of Regional Development Julie Sullivan. “This new facility will not only help fill a gap in the real estate inventory but help meet the growing need of many targeted industries.”
The project will result in a 300-foot road expansion of Homer Drive. This will allow access and utilities to the remaining 34 industrially zoned acres. The developer is currently marketing that land for build to suit opportunities.
JobsOhio approved an Ohio Site Inventory Program (OSIP) grant. OSIP offers grants and low-interest loans to support speculative site and building development projects with no identified end user. The primary goal of OSIP is to fill gaps in Ohio’s real estate inventory with real estate targeting near-term sector wins to ensure our state is more competitive for reactive site selection projects.
“As Ohio’s economic momentum continues, more businesses require sites ready-to-go, which is why Ohio and JobsOhio are investing in developing the most competitive site inventory in the Midwest to make it easy for businesses to build and grow here,” said JobsOhio President and CEO J.P. Nauseef. “The new spec facility at Paul Sherry Industrial Park is being developed specifically for manufacturers to ensure they can invest and leverage Miami County’s industry and talent.”.
This project was made possible due to the close partnership between Miami County, JobsOhio, The City of Piqua, and the Dayton Development Coalition.
“This development will help the City of Piqua’s strong existing manufacturing economy continue to grow,” said City of Piqua Community and Economic Development Director Chris Schmiesing. “With the development site being in an established industrial park it is an ideal location for manufacturing, or a variety of other industrial use types.”
Any interested parties should reach out to Tim Echemann and Conrad Echemann at Industrial Property Brokers at 937-492-4423.
“The new 40,000 square-foot building will provide job opportunities for many years in the future,” said Industrial Property Brokers Principal Broker Tim Echemann.
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