IRG and PREP Funds Join Forces to Revitalize Dayton's Industrial Landscape

On June 29, 2026, a new chapter began for Dayton, Ohio’s industrial sector as Industrial Realty Group, LLC (IRG), in collaboration with PREP Funds, announced the acquisition of a historic site located at 5870 Poe Ave. This location is set to undergo significant renovations, evolving into what will be known as the Dayton Commerce Center. This development will redefine the area's industrial landscape, emphasizing state-of-the-art manufacturing, logistics, and corporate operations.

Strategic Vision for Revitalization

Chris Salata, Partner at PREP Funds, outlined the strategic intent behind this acquisition, highlighting it as a prime example of identifying underutilized properties for redevelopment. He expressed optimism about expanding their footprint in Dayton and bringing a tailor-made solution that meets the modern demands of industry far more quickly than constructing a facility from the ground up.

The upcoming Dayton Commerce Center will sit on an impressive 11.5 acres, featuring a substantial 160,000-square-foot complex. The main building encompasses 155,000 square feet and includes modern office space of 40,000 square feet. Additionally, it boasts logistics capabilities with six loading docks, four drive-in doors, and a heavy-crane infrastructure capable of supporting loads up to 15 tons.

Moreover, a standalone building of 5,000 square feet will provide additional resources, including another 15-ton crane and dedicated office space. Both facilities are designed to support advanced manufacturing, warehousing, freight handling, and research laboratories, indicating a deep commitment to fostering a versatile industrial environment.

Economic Impact and Opportunities

Peter Goffstein, Executive Vice President at IRG, emphasized the unique infrastructure that the property offers, which is increasingly rare and expensive to duplicate nowadays. This redevelopment is not merely about bricks and mortar; it represents a bold attempt to stimulate local economic growth by attracting new businesses to the area. With a total of 7.2 million square feet of property already owned in Southwest Ohio, this project aims to enhance the operational capabilities of tenants, providing them with a significant competitive edge in the Midwest market.

One of the standout features of the Dayton Commerce Center is its geographic advantage. Strategically located along a vital logistical corridor, it is situated right on Interstate 75, just 2 miles from Interstate 70, and a mere 7 miles from Dayton International Airport. Such positioning is designed to maximize efficiency and connectivity for future tenants, providing them with seamless access to transportation networks.

Immediate Renovations and Custom Solutions

The redevelopment is set to commence immediately as IRG and PREP Funds prepare to welcome new tenants. Customizable buildout packages and tailored office layouts are part of the offerings designed to meet the specific needs of various operators. Kohl Kirkland, Vice President of Acquisitions at PREP Funds, is the point of contact for leasing inquiries, reflecting the proactive approach taken by the ownership team in filling the space with qualified tenants.

As the region anticipates these changes, the impact on the local community will likely resonate far beyond the physical transformation of the site. With an objective to enhance economic opportunities, the Dayton Commerce Center represents a strategic investment in the future of Dayton's industrial landscape. By breathing new life into this historic industrial space, IRG and PREP Funds are not only redefining the site but also setting a precedent for future developments throughout the area.

Conclusion

The redevelopment of the Dayton Commerce Center serves as a testament to the potential of strategic partnerships in real estate. By revitalizing and enhancing existing structures, IRG and PREP Funds are charting a promising path forward for the Dayton region, poised to attract new businesses and create jobs, thus invigorating the local economy and community spirit.