Equity Commercial Real Estate Solutions closed the sale of a 178,000-square-foot industrial manufacturing facility at 1150 State St. 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.
