Industrial Realty Group and PREP Funds have acquired 5870 Poe Ave in Dayton, Ohio, with plans to reposition the site as Dayton Commerce Center. The investors intend to transform the existing property into a high-utility industrial asset designed to support state-of-the-art manufacturing, modern logistics operations, and corporate users.
The 11.5-acre property adds to the ownership group’s established footprint in southwest Ohio, where they collectively control 7.2 million square feet of industrial real estate. With this latest purchase, Industrial Realty Group and PREP Funds are targeting a premier industrial project within the greater Dayton industrial market, building on their existing presence in the region.
The redevelopment scope covers a 160,000-square-foot complex on the site. The development team has begun executing renovation plans aimed at upgrading the facility for contemporary industrial requirements. According to the ownership group, the space is being actively marketed for lease as they look to secure tenants for the property’s next phase of use.
Dayton Commerce Center is positioned to serve regional supply chains through its transportation access. The site is located directly on Interstate 75, approximately 2 miles from Interstate 70, and about 7 miles from Dayton International Airport. This combination of interstate and air connectivity places the property within a key logistics corridor for distribution and manufacturing operations that rely on highway and air freight access.
Construction upgrades are scheduled to begin immediately as Industrial Realty Group and PREP Funds move forward with the repositioning strategy. The work is intended to prepare the property for new occupants, with improvements aligned to modern industrial and logistics standards. As marketing and leasing efforts progress alongside the renovation program, the owners aim to bring the rebranded Dayton Commerce Center online as a competitive option for users seeking industrial space in the Dayton area.
While specific lease commitments, project timelines, and financial terms were not disclosed, the announcement signals continued activity in the Dayton industrial market, particularly for well-located properties along major transportation routes. The combination of active capital investment, planned physical upgrades, and leasing outreach positions Dayton Commerce Center as a forthcoming option for tenants requiring a mix of manufacturing, logistics, and corporate space in a single industrial setting.
