This building's $41 million sale is county's biggest in 2022 so far

2022-08-02 20:34:09 By : Ms. Lisa Liao

Aug. 1—The building that arguably inaugurated the boom in logistics and distribution centers in the Dayton area has been sold for $41.3 million, the biggest property sale in Montgomery County so far this year, new records reveal.

What was once the Spectrum Brands and then Energizer distribution center near Dayton International Airport sold for that amount Monday. Exeter 2800 Concorde L.P. was identified in records as the buyer, with Stag Industrial Holdings LLC the seller.

The 570,000-square-foot center on 2800 Concorde Drive was the first large distribution operation built near the airport, leading the way for several Dayton area large-scale distribution and logistics operations in a trend remains strong to this day. Construction of that first building started in 2016.

The building started its existence as a distribution hub for Spectrum Brands auto care products. In early 2019, Energizer Holdings, a St. Louis-based maker of batteries and portable lighting products, said it had completed its $938.7 million acquisition of Spectrum Brands Holdings' global auto care business, which includes the Armor All, STP and A/C Pro brands. Energizer then took over that distribution center in Dayton.

But Energizer's place in the building did not endure. In late 2019, Energizer notified the state of plans to move its auto products distribution operation from the Dayton center to Monroe.

A message seeking comment was sent to an investor relations representative of Energizer Holdings.

J. Peter Lloyd is listed as manager of Exeter 2800 Concorde in Ohio state business filings. He is chief financial officer at EQT Exeter in Pennsylvania. Messages seeking comment were sent to Lloyd and EQT's press office.

The Montgomery County auditor's office confirmed Monday that this is the biggest property transaction in the county so far this year. The next closest was the Heidelberg transaction earlier this year for $33.2 million, said Mike Brill, communication director for county Auditor Karl Keith.

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