Heidelberg Renovates Former Cooper Tire Facility, Preparing for Move-in
By Adrian Maties, Associate Editor
The Heidelberg Distributing Co. is preparing to renovate the former Cooper Tire & Rubber Co. warehouse at 3601 Dryden Road in Moraine. It acquired the facility on Sept. 17, 2012, paying $7.3 million for the 779,000-square-foot building that it will occupy after it invests $21.2 million in upgrades, according to the Dayton Daily News.
Miller-Valentine Construction is redeveloping the property. That will include the removal of an existing rail system that runs throughout the building, which will require replacing approximately 125,000 square feet of concrete floor slab.
The new facility will have 186,000 square feet of CEW (Controlled Environment Warehouse), a 32,000-square-foot draught cooler and approximately 50,000 square feet of high-end office space, with a 40,000-square-foot mezzanine space above for future expansion. A large portion–550,000 square feet–of the concrete floor will be ground and polished.
Work will also address insulation; parking; dock door repairs; floor replacement; roof repairs and replacement; facade improvements; improvements to the heating, ventilation and air conditioning and electric systems; and more. The office space will have skylights, a small exterior terrace and a large meeting room accommodating as many as 300 people.
The Dayton-based distributor of beer, wine and spirits acquired the Cooper Tire building from Covington Capital. As part of the deal, Covington Capital purchased Heidelberg’s 244,000-square-foot facility on Leo Street, where its Dayton operations have been located since 1956; the new owner is now seeking tenants for the space. Heidelberg Distributing plans to move its North Dayton operations to the new building in about six months, bringing between 270 and 300 jobs to Moraine.
Heidelberg is one of the Midwest’s larger distributors of beer, wine, spirits and non-alcoholic beverages. It operates facilities in Cincinnati, Columbus, Lorain, Cleveland, Evendale and Toledo, Ohio, and Hebron, Ky., and employs 1,400 people. The move to Moraine will help revitalize the community.
Rendering courtesy of The Miller-Valentine GroupTags: Cincinnati, Cincinnati Lead Story, construction, Cooper Tire & Rubber Co., Cooper Tire Facility, Developers, Development, economy, Finance/Investment, Heidelberg Distributing Co., Industrial, Investors, Local, National, Regional