Victoria Road Warehouse Sells for $1.9M
YOUNGSTOWN, Ohio – Niles-based Dinesol Plastics Inc. has plans to expand its storage and warehouse capacity in Austintown with the purchase of a building at 6750 Victoria Road East.
“We’re preparing for the future,” said Bob Hendricks, executive vice president. “The building was available and it was in the right area.”
Dinesol Plastics is a custom plastics-injection molding service provider that employs nearly 400 people. Today, the company operates two injection-molding facilities with a combined 500,000 square feet.
The new warehouse provides 50,000 square feet of warehousing and storage space, Hendricks said. The sale was recorded on Dec. 1.
A key selling point is the building’s location and its proximity to Interstate 80, said Bill Kutlick, broker for Platz Realty Group, which handled the sale.
The building previously housed Intigral Inc., a Cleveland-based company that manufactures insulated glass.
“They had so much growth that they had to expand,” Kutlick said. The company vacated that space and relocated to another building along Victoria Road, he said.
Kutlick said that Platz received two offers on the building, which was listed at $2.25 million.
“It’s been very active in warehousing, there’s real demand for warehousing space,” he said of the market.
Recently, Kutlick sold the former Magna Seating facility along Tod Avenue in Lordstown and the deal is expected to close soon. The facility once manufactured seating systems for the Chevrolet Cruze, which was built at General Motors’ former Lordstown Complex.
Pictured: Warehouse property at 6750 Victoria Road East. (Image: Platz Realty Group)
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