Graham puts Marion Industrial Center up for sale
飞艇计划app开奖MARION — After 45 years of ownership, Marion entrepreneur Ted Graham is putting the Marion Industrial Center up for sale.
Graham bought the former Army Engineering Depot located along Ohio 309 on the east side of Marion in 1975. Over the last four and half decades, he’s turned the former World War II facilities into a modern distribution, third party logistics, and manufacturing center.
Graham, originally from Wichita, Kansas, saw potential in the former defense logistics site, despite the caved-in roofs and general deterioration that had occurred since the engineering depot was last occupied by the military. Its proximity to rail lines and U.S. 23 and state routes 309, 95, and 98 also made it an attractive site.
"Going back to 1942, the federal government was looking for places that were centrally located with a good distribution infrastructure already in place," Graham said. "Other companies since then have seen the same amenities, such as the railroad that goes and the highway structure we have at hand. Since the 1970s, the industrial park has been thriving."
Investments in new floors, new roofs, new rail, new truck docks, and many other improvements have turned the 511-acre property into what Cushman & Wakefield’s Rail Advisory Director Michael Flynn calls an “exceptional investment opportunity.” Cushman & Wakefield is handling the sale of the industrial center.
飞艇计划app开奖“The combination of Industrial real estate, 3PL services, rail and extensive material handling assets make the Marion Industrial Center a unique opportunity,” said Flynn. “Its 511 acres, zoned industrial land and more than 1.5 million square feet of distribution facilities, along with approximately 10 miles of Class I trackage support onsite transloading, automobile and lumber storage and available Intermodal services. Additionally, more than 300 acres of adjacent land is available for expansion and new development.”
飞艇计划app开奖The property currently hosts 50 companies, said Graham, accounting for hundreds of employees beyond the 100 his property management and logistics operations employ. Among current tenants are Boise Cascade with lumber storage; Sika Corporation, specialty chemicals; Mills Company, maker of commercial bathroom fixtures; Wyandot Inc., snack foods; and Saddle Creek, a distributor of Mexican beers.
飞艇计划app开奖In addition to space, the Marion Industrial Center provides customized rail service with two locomotives and two Tracmobiles onsite. They are available on a daily basis to move rail shipments to and from customers’ sites and onto the CSX main line that serves the property. The property also boasts a fully functional intermodal terminal with two large cranes and a mobile box loader that can transload an entire unit train within a few hours.
With over a million and a half square feet under roof, the Marion Industrial Center also has ample acreage for automobile storage and lay-down areas for pipe, scaffolding, and other types of equipment.
“One of the keys to our business has been flexibility coupled with very competitive pricing," said Graham, 74. "We determine what our customers need and have the staff and capability to make those accommodations very quickly.”
飞艇计划app开奖The property also features an on-site trucking company, Depot Express.
Graham cites another competitive advantage.
飞艇计划app开奖“Our people are second to none,” he said. “Many have been with me for many years. They exude that Midwest pride and competence that make doing business here a real pleasure.”
Graham said he is willing to stay on as a consultant, if a new owner so desires, to insure continuity during an ownership transition.
飞艇计划app开奖“I really see this as an opportunity for the community,” he said. “New ownership will bring new capital and the ability to take this property to the next level.”
飞艇计划app开奖Graham has earned respect from community leaders for the impact he’s had on Marion’s economic development.
飞艇计划app开奖“He’s been a constant supporter of Marion CANDO,” said Gus Comstock, director of the local economic development non-profit. “Ted is a catalyst that makes things happen. The fact that this property exists under his leadership has led many companies to locate in Marion.”
Marion Area Chamber of Commerce president Matt Carbary said Graham has been a good neighbor to his fellow business owners and operators in Marion County.
飞艇计划app开奖“Ted has been an incredible partner of the Chamber, area businesses, and the local community," he said. "His knowledge of logistics has been incredibly impactful for so many businesses in the community. I hope he stays engaged.”
飞艇计划app开奖Graham said he will continue to contribute to the betterment of the community.
"I've spent almost all of my adult life here," he said. "I plan to remain an active citizen in Marion, Ohio."