"The Brentnell property was a big-box warehouse facility that needed updated and repositioning," stated Semon. "because of market conditions, the investors were able to negotiate an extremely competitive purchase price for the empty building, and we then counseled the investors to do some renovation of the property including painting, new lighting, new doors and a few other cosmetic changes.

Semon also explained that Ohio Equities counseled the investors to divide the building into smaller sections. "based on today's market, there aren't a lot of big box users," said Semon. This property enabled us to partition it into smaller units, making it more flexible and competitive."

Following Ohio Equities' advice, the investors made the renovations and positioned the building to serve smaller users, and that strategy paid dividends. "Within six months, we were able to take a building that had no tenants to a 95 percent occupacy," said Semon. Semon and Ohio Equities brokers Dan Sheeran and Curt Berlin, SIOR, were able to lease the Brentnell property to a number to tenants including North Coast Logisitics, Performance Plastics, Automotive Supply Warehouse, and Starlight Logistics.