Five businessmen partner to create Industrial DevelopersWritten by Sarah Ottney | Managing Editor | email@example.com
The desire to create a “one-stop shop” to more efficiently serve commercial and industrial clients was the driving force behind the formation of a new Northwest Ohio real estate company.
Five local businessmen recently joined forces to launch Industrial Developers Ltd. The company, which officially formed in June, will acquire, refurbish and market commercial and industrial properties in Ohio and nationwide, said managing partner Ed Harmon. Services offered will include development, brokerage, construction, property management and financial liaison services.
Harmon, president of Columbus-based Harmon Family Development, is joined by longtime local real estate agent Dallas Paul, retired banker Lee Dunn, Spartan Logistics President Steve Harmon and Logan Creek Construction President James Howell.
“Each member brings a unique set of skills tempered with years of business experience,” Harmon said.
“Normally a company would have to go out and find a real estate agent, they’d have to find a developer, they’d have to find a general contractor, they’d have to find financing, leasing. They would have to work with the city, county or state for permitting, incentives, anything else available,” Harmon said. “We bundle it all together. We sit at one table and sign off on each segment of the project.
“There’s not too many companies in this area who can do that. Some big national companies can do it. We compete on a scale that’s smaller but very effective,” Harmon said.
If existing buildings do not fit a client’s needs, Industrial Developers will also offer the option of designing and building a customized facility, Harmon said.
“With Logan Creek Construction Company, we can provide rehabilitation to an existing property or construct a facility to satisfy customer needs,” Harmon said. “We can attract clients to occupy buildings as needed and assist in the management of those properties.”
The ability to help clients secure financing also sets Industrial Developers apart, Dunn said.
“Between the three of us (Dunn, Ed Harmon and Paul), we have a lot of experience working with banks and other forms of financing industrial properties,” Dunn said.
Having all the pieces together in-house ultimately saves clients time and money, Paul said.
“We can bring the services of our different companies in to fulfill any requirement,” Harmon said. “All the processes are integrated and the client can choose any or all parts.”
Industrial Developers has been in the works for about two years. It already has several active clients, which Harmon declined to name, citing confidentiality agreements. He said he plans to hire more staff soon and eventually establish offices in other Ohio cities.
“Success begets success,” Dunn said. “One satisfied customer talks to another. I’ve known Ed for many, many years and his phone rings off the hook. He doesn’t really have to market. They tend to come to him and I think that comes from years of dealing with very good, ethical standards and producing, doing what you say you’ll do.”
“That’s the key,” agreed Harmon, who is no stranger to launching and cultivating successful businesses.
He founded Columbus-based Spartan Logistics, now operated by his son Steve, in 1988 and Oregon-based Logan Creek Construction, now operated by Howell, in 1999.
Spartan Logistics operates more than 2.5 million square feet of warehouse space in Ohio, Indiana and South Carolina and has its own truck fleet.
Logan Creek Construction is a general contracting firm specializing in industrial and commercial projects, particularly distribution, warehousing and manufacturing. The company has designed and constructed projects from New York to California.
Harmon Family Development owns 5 million square feet of commercial and industrial properties in 17 states, including 1 million square feet in Northwest Ohio.
Paul specializes in industrial and retail real estate. His past experience includes securing tenants for Arrowhead Park and Levis Commons.
Dunn worked in the banking industry for more than 40 years, including Charter One and Genoa Savings and Loan, before founding the Bank of Maumee in 2006.
“We took a good, long strategic look at how to improve the process and now Ed’s bringing it all together and integrating it,” Dunn said. “It’s a bunch of arrows in the quiver and the quiver is Harmon Family Development and the arrows are his companies. This company really rounds out his ability to provide really comprehensive services throughout the United States.”
Industrial Developers is located at 6705 Wales Road, Suite 100, in Northwood. They can be reached at (419) 960-4410.