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Welcome to West Chester's newsroom. The department of Public Information & Engagement is committed to sharing important news with the West Chester community and the media.

West Chester's public information team is prepared to respond to requests for information and work within tight deadlines to support our local media organizations. Working with the media is critical to successful communication with the general public. West Chester's communications team works with the media to ensure accuracy and transparency in a responsive manner. Please contact us first for information or to schedule an interview with a subject expert from our team of professional public servants. Media contact.

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TradeLane Properties expands to West Chester with 14-building, $51M portfolio acquisition

Post Date:07/19/2021 6:00 AM

TradeLane Properties, a privately-held industrial real estate company, has closed on a 14-building industrial complex in West Chester Township. TLP Capital Center marks the first acquisition within TradeLane Properties U.S. Industrial Fund II, a value-added investment fund focused on key central U.S. logistics markets.

The 14-building, 896,523 square-foot industrial park located on 43.5 acres on Interstate Drive off of Princeton Glendale Road/SR 747 offers excellent access to the Cincinnati region via its proximity to I-75 and I-275. The portfolio consists of existing buildings including 11 light industrial and three for bulk distribution.

The development is currently 93.5% leased to 65 tenants of varying sizes.

The majority of the properties were built in the 1970s, yet have been well maintained and seen substantial capital improvements throughout the years.

READ MORE: What's New in West Chester! (3Q-2021)

“Properties in West Chester maintain their value for many years,” said Aaron Wiegand, Director of West Chester Township Community Development.

According to Mike Meyers, Senior Vice President of TradeLane Properties, the company is planning to invest an additional $2 million in building improvements including rebranding, pavement work, painting, paving and more.

In addition to the acquisition of the Capital Center, TradeLane Properties announced it will open a Cincinnati satellite office at 4790 Interstate Drive in the Capital Center.

TradeLane Properties is a privately-held industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping and operating industrial real estate facilities. Combining 75 years of experience, two publicly traded industrial REITs and decades of extensive value creation for shareholders, employees and customers, the TradeLane Properties founders have a proven track record of success.

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