Montclair real estate investor acquires Belcan HQ building in Ohio

BDP Holdings in Montclair acquired the Belcan headquarters building in the Cincinnati suburb of Blue Ash, Ohio.

The property is 100% leased through 2034 and recently underwent renovations, including more than $9 million in tenant improvements.

Belcan is a global engineering supplier.

“We are extremely pleased to have acquired such an important property to the Blue Ash submarket and the city of Cincinnati as a whole,” said David Placek, managing partner, BDP Holdings.

The 135,413-square-foot building on 7-plus acres was built in 2000 with a full renovation taking place during 2019 and 2020. It has five stories, plus a half-level underground for parking and storage. Directly adjacent to the property is the Neighborhoods at Summit Park, a $400 million mixed-use development project.

This is BDP Holdings’ first investment in the Cincinnati area. The company has invested more than $6.5 billion in value-driven real estate across the country.