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Doors open at West Chester Trade Center
West Chester Township marked the official opening of NorthPoint Development’s new masterplan industrial park – West Chester Trade Center– with a May 1 ribbon cutting and grand opening celebration.
The West Chester Trade Center is strategically located on State Route 747 and Union Centre Boulevard and once completed will include seven buildings with a total of approximately 1,847,688 square feet of commercial space.
At least three companies have already leased space in this new industrial park - Amarr, TSC Apparel and MSI Stone.
"As NorthPoint continues to expand in the Cincinnati and Dayton regions, we are very proud to develop this prime location in West Chester Township in Butler County,” said Tim McElroy, vice president of development for NorthPoint Development. “Through the public private partnerships with West Chester Township, Butler County, and the Butler County Port Authority, NorthPoint is proud to turn this site into a jobs center for the region."
The anticipated nearly $102 million capital investment at The West Chester Trade Center is expected to generate more than 1,000 jobs in the region.
West Chester will invest approximately $5.1 million in reimbursement to the developer, from Tax Increment Financing, to fund public infrastructure on the site. This includes some pedestrian pathways connecting with nearby residential paths.
“The development of this site with partners like Northpoint and Butler County makes sense for the community,” said Township Administrator Larry D. Burks. “Developed with intention and purpose, the West Chester Trade Center will result in increased property values supporting future infrastructure demands through payment to the TIF and opportunity for job growth in the region.”