- Diamond Properties has expanded its Ohio industrial holdings to 3.66 million square feet across 26 buildings, signaling continued confidence in Midwest logistics and manufacturing demand.
- The portfolio is concentrated in high-performing corridors between Cleveland and Akron, where low vacancy and strong tenant demand persist.
- Stabilized assets with long-term leases provide steady income, while value-add opportunities remain through leasing and capital improvements.
Diamond Properties is deepening its footprint in Ohio, growing its industrial portfolio to 3.66 million square feet across 26 buildings. The expansion underscores the firm’s strategy of targeting high-demand Midwest markets with strong economic fundamentals.
A steady Midwest buildout
Over the past several years, the Mount Kisco-based firm has methodically assembled assets in the Cleveland-to-Akron corridor. These submarkets continue to benefit from a durable manufacturing base, low vacancy rates, and sustained demand for logistics and production space.
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The portfolio mix
Diamond’s Ohio holdings span a range of industrial uses, including warehouse, logistics, and manufacturing facilities. Many properties are stabilized with long-term tenants, creating predictable cash flow while still leaving room for operational upside.
A representative asset is the 50,000-square-foot facility at 2300 E Enterprise Parkway in Twinsburg, fully leased to KELTEC Technolab under a long-term NNN lease through 2030. The building has also seen recent upgrades, including a new roof completed in 2024.
Why Ohio
The firm’s continued investment in Ohio reflects confidence in markets supported by strong industrial demand drivers. Regional advantages—such as proximity to major population centers and established supply chains—make the area attractive for distribution and manufacturing users.
Why it matters
Industrial real estate remains one of the most resilient asset classes, particularly in supply-constrained, high-demand regions. By scaling in proven submarkets, Diamond Properties positions itself to capture both stable income and long-term appreciation.
What’s next
With 17 million square feet owned across 13 states, Diamond Properties is expected to continue pursuing acquisitions where hands-on management and capital improvements can unlock value. Its growing Ohio presence suggests more Midwest deals could be on the horizon.
About Diamond Properties
Diamond Properties is a Mount Kisco, New York-based commercial real estate firm focused on acquiring and enhancing underperforming assets through active management, repositioning, and capital investment. Since its founding in 1995, the company has acquired more than 148 buildings across 103 properties, totaling approximately 17 million square feet in 13 states. Its strategy emphasizes operational improvements and tenant satisfaction, resulting in strong lease retention and long-term value creation.
Media Inquiries
Laressa Gjonaj
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914-639-3813
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