Lipo Chemicals, a New Jersey-based supplier of specialty ingredients to the cosmetics industry, acquired 707 Harco Drive in Clayton, OH. Larry Harris sold the property, which included a 2-acre lot adjacent to the structure, for $2.3 million or $28 per square foot.
The industrial building delivered in 2001 and has the necessary size to accommodate Lipo's new process in its chemical assembly line. The asset totals 81,000 square feet all of which Lipo Chemicals will occupy, according to CoStar information.
Steve Peters of MV Realty represented the seller, while Scott Kaster of Re/Max Professionals represented the buyer.
Please see CoStar COMPS #2578605 for more information on this transaction.