BDP Holdings, a New Jersey-based real estate investment company and private placement sponsor, has purchased the Belcan headquarters building in the Cincinnati suburb of Blue Ash, Ohio. The purchase price was not disclosed by the company.
Located 20 minutes north of downtown Cincinnati and on seven acres of land, the acquisition includes the headquarters for Belcan, LLC, 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 and renovated 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.
“Belcan is a global industry leader with headquarters located in a thriving Cincinnati submarket,” said David Placek, managing partner. “The property itself is 100 percent leased until 2034 and recently underwent renovations that included more than $9 million in tenant improvements.”
This is BDP Holdings’ first investment in the Cincinnati area.
BDP Holdings specializes in the acquisition, development and repositioning of real estate in the New York tri-state area and across the U.S. The company focuses on properties in markets with high barriers to entry and then seeks to add value through the repositioning of existing properties or the development of new properties and communities. BDP’s leadership has invested more than $6.5 billion in “value-driven” real estate across the U.S.