Montclair real estate investment firm makes 1st acquisition in Ohio with 135,413 sq. ft. engineering supply HQ

BDP Holdings said Wednesday that it acquired the Belcan LLC headquarters building in the Cincinnati suburb of Blue Ash, Ohio.

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.