Construction will start on another multimillion business park in Fairfield, just months after a similar project completed construction and welcomed its first tenant.
Union Centre Logistics Park is expected to bring relocated or new jobs to Fairfield and spark further economic growth for the city and Butler County, officials said.
The project is a $30 million industrial/logistics park to be developed on 40 acres near the intersection of Union Centre Boulevard and Seward Road.
Developed by Kansas City-based NorthPoint Development, the project will consist of two new modern industrial distribution buildings on a 40-acre land site.
One building will contain more than 477,360 square feet of leasable space, while the other building will have more than 128,000 square feet available, according to city officials.
Site plans were recently approved by city staff, according to Greg Kathman, the city’s development services director, who said the project meets the existing zoning code.
Construction is expected to be complete by late summer, Kathman said. No tenants have been announced yet.
“It’s exciting,” Kathman told the Journal-News. “It’s a new developer that’s coming into the Cincinnati market, so we see that as a positive, and our inventory of available buildings is very low, which is good thing. It means our buildings are full, but it also means we don’t have a lot of space to show potential new businesses.”
The new buildings will solve that dilemma by creating new inventory that Fairfield can market for new development, he said.
The city this year also hopes to attract a tenant to Union Centre Industrial Park, a 450,000-square-foot project completed in 2016 and one that welcomed its first tenant, CompuCom, in November.
Kathman said nearly half of the Duke Realty project is available for lease and filling that space is important to the city’s continued economic growth.
”CompuCom is bringing a lot of jobs into Fairfield and if we can get a similar tenant on the other side of the building, that’s even more jobs and more activity in that corridor,” he said.
Finding additional tenants for both Union Centre Logistics Park and Union Centre Industrial Park also is are expected to attract assembly, manufacturing or distribution companies to move jobs to Fairfield and potentially create new ones, Kathman said.
Date: January 13, 2017
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