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Chicago & Midwest  + Midwest  + Industrial  |  January 27, 2022
Arm & Hammer has been a tenant at 110 E. Jones Road in Fostoria, OH for more than 40 years
Paul Bubny
By: Paul Bubny

Matthews Brokers Sale of Ohio Industrial Leased to Arm & Hammer 

Matthews Real Estate Investment Services brokered the sale of a 488,000-square-foot, single-tenant industrial property, located at 110 E. Jones Rd., Fostoria, OH. The property is currently occupied by global consumer brand Arm & Hammer.  

The transaction closed above the final list price at $14,536,000 and was brokered by first VP and senior director Alexander Harrold. Matthews represented the institutional seller, who was interested in taking advantage of the high price points in the current market.  

“Arm & Hammer is a strong credit tenant that has operated in the Fostoria market for over 40 years,” said Harrold. “This created a long-term and stable investment opportunity for buyers, which in turn created a competitive bidding environment for my client. We had a diverse group of buyers interested in this investment from private family office to institutional REITs, proving Midwest industrial to be in demand with no signs of slowing down.” 

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Inside The Story

Matthews' Harrold

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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