618K Sq. Ft. Industrial Space Positions Fairfield for Growth

NorthPoint Development and the City of Fairfield announce plans to develop the Fairfield Trade Center. The project will consist of approximately 618,000 square feet in two speculative buildings of industrial speculative Class A space on the development site. The project is supported in partnership with JobsOhio and REDI Cincinnati through the JobsOhio Ohio Site Inventory Program (OSIP).

Commercial real estate operating firm NorthPoint Development purchased the property in May 2023 and completed significant grading of the site and property enhancements to allow for development. The Fairfield Trade Center site comprises 77 acres in Fairfield, Ohio, supporting manufacturing, automotive, logistics, distribution and e-commerce. Upon completion, the project will fill a need for Class A industrial space over 100,000 square feet in the Cincinnati region.

“The site presented an extraordinary opportunity to transform a once-deemed unusable piece of land into a coveted Class A industrial site, addressing a real need in the market,” said Kevin Donnelly, vice president of project management at REDI Cincinnati. “The partnership with the City of Fairfield, JobsOhio and NorthPoint allows us to bring creative solutions for businesses to grow and relocate to the region.”

The project is supported in part with a $1 million JobsOhio OSIP grant. The OSIP program provides grants and low-interest loans to support speculative sites and building development projects with no identified end user. The primary goal of OSIP is to fill gaps in Ohio’s real estate inventory, with real estate targeting near-term sector wins to ensure the state is more competitive for reactive site selection projects.

“We appreciate the support of JobsOhio and REDI Cincinnati towards Fairfield Trade Center,” said Mitch Rhodus, Mayor of the City of Fairfield. “This project will attract new companies and job opportunities on a site challenged with the existence of floodplain, wetlands, and wet soil conditions.”

“The development of these 77 acres provides essential inventory needed to ensure Ohio and Fairfield County can better compete and win new investment,” said JobsOhio President and CEO J.P. Nauseef. “The new speculative footprint at the Fairfield Trade Center will establish more than 600,0000 square feet of Class A industrial space that can attract jobs and business as soon as early Summer.”

“We are extremely grateful for REDI Cincinnati and JobsOhio and their focus on attracting business investment to Ohio,” said Tim McElroy, regional vice president at NorthPoint Development. “The OSIP program from Jobs Ohio helps activate challenging sites such as the Fairfield Trade Center land to productive use. NorthPoint is proud to partner with the City of Fairfield, Butler County Port Authority, JobsOhio, and REDI to grow our portfolio in this market.”

The project also received a partial property tax abatement from City of Fairfield and is in a tax incentive financing (TIF) district.

The Fairfield Trade Center is scheduled to be completed in May and ready for occupancy in June.