ICP Acquires 408K-SF Distribution Facility in Ohio

Industrial Commercial Properties LLC (ICP) has acquired the former True Value Hardware distribution facility at 26025 1st Street in Westlake, Ohio.

The 408,000-square-foot property with 25-foot clear height sits on 21.64 acres in one of Northeast Ohio’s business corridors. ICP will transform the facility with advanced building systems, improved dock and loading areas, and a modernized look.

The updated space, available in the second quarter of 2026, will offer flexible layouts for industrial, manufacturing, and distribution businesses. “With direct access to I-90 and a full range of modern upgrades, including improved docks and energy-efficient systems, this facility will provide functionality, visibility, and flexibility within one of Northeast Ohio’s top industrial submarkets,” said Austin Semarjian, Executive Vice President of ICP.

“Repositioning assets like this strengthens the local economy by returning high-quality industrial space to the market. We also have the ability to offer multi-tenant configurations in sizes that are currently in demand, in a very tight industrial market.”

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