This is the Montclair-based real estate investment company’s first investment in the Cincinnati area.
“Belcan is a global industry leader with headquarters located in a thriving Cincinnati submarket,” said David Placek, managing partner of BDP Holdings. “The property itself is 100% leased until 2034 and recently underwent renovations that included more than $9 million in tenant improvements.”
Located just 20 minutes north of downtown Cincinnati and on 7.196 acres of land, the acquisition includes the headquarters for Belcan, a global supplier of engineering, supply chain, technical recruiting and information technology services, and one of the region’s major employers.
The 135,413-square-foot building was built in 2000 with a full renovation taking place during 2019 and 2020. The five-story building also includes another half-level underground for parking and storage. Directly adjacent to the property sits the Neighborhoods at Summit Park, a $400 million mixed-use development project.
BDP’s leadership has invested more than $6.5 billion in value-driven real estate across the U.S.