Equity Commercial Real Estate Solutions Facilitates $3.3 Million Sale of 178,000 SF Industrial Manufacturing Facility in Fostoria, Ohio
FOSTORIA, Ohio — Equity Commercial Real Estate Solutions announced the successful sale of a 178,000-square-foot industrial manufacturing facility located at 1150 State Street in Fostoria, Ohio for $3.3 million. The property was acquired by an undisclosed out-of-state private investor, highlighting continued national demand for Midwest industrial assets and attractive regional cap rates.
The facility is fully leased to Close the Loop, an Australian publicly traded company listed on the Australian Securities Exchange, specializing in recycling, resource recovery, and sustainable packaging solutions across global markets. The company specializing in recycling, resource recovery, and sustainable packaging solutions across global markets, converting complex waste streams into reusable materials for reintegration into manufacturing supply chains.
The Fostoria property serves as a mission-critical manufacturing and recycling operation supporting the tenant’s North American growth strategy. The asset was strategically acquired in recent years and has since been stabilized under the long-term occupancy of Close the Loop, reinforcing its role as an important component of the company’s expanding sustainability and materials-recovery platform.
The transaction was exclusively marketed by the Equity CRE Industrial Investment Team at Equity Commercial Real Estate Solutions. Josh Baker, Senior Advisor, and George Stecz, Senior Vice President, represented the seller and facilitated the transaction through the firm’s national investor platform.
“This transaction highlights the continued strength of out-of-state investor demand for Ohio manufacturing assets,” said Baker. Investors across the country are recognizing the value created by the Midwest’s industrial fundamentals—durable manufacturing tenants, strong logistics infrastructure, and cap rates that remain compelling relative to coastal markets.”
Stecz added, “Through the reach of the Equity platform, we were able to position this mission-critical facility to a national investor audience and deliver a successful outcome for our client. Transactions like this demonstrate the depth of capital pursuing stabilized industrial investments across the region.”
The sale also reflects growing institutional interest in mission-critical manufacturing facilities tied to sustainability and recycling infrastructure, sectors that continue to attract capital seeking durable tenancy and long-term operational importance.
Equity Commercial Real Estate Solutions’ Industrial Investment Team continues to advise clients across the Midwest on industrial investment sales, sale-leasebacks, and strategic capital transactions, leveraging the firm’s national platform to connect owners with a broad pool of qualified private and institutional investors.
For acquisition, disposition, or valuation services, contact Josh Baker at jbaker@equity.net or George Stecz at gstecz@equity.net
