Diamond Properties Expands Industrial Portfolio with Acquisition of 2300 E. Enterprise Parkway in Twinsburg, Ohio
New York-based Investor Enters High-Demand Northeast Ohio Industrial Market
BISWIRE/April 15, 2026 — Diamond Properties today announced the acquisition of a 50,000-square-foot industrial facility located at 2300 E. Enterprise Parkway in Twinsburg, Ohio, marking the firm’s strategic entry into the Northeast Ohio industrial market.
The property, acquired for $3.65 million, is a fully leased, single-tenant industrial asset occupied by KELTEC Technolab, a leading North American manufacturer of air filtration and compressor products. The long-term net lease extends through December 2030, providing stable cash flow and operational predictability.
The transaction was also reported by CoStar, highlighting Diamond Properties’ continued expansion into growth-oriented industrial markets.
“This acquisition aligns with our strategy of targeting high-quality industrial assets in strong submarkets with durable tenancy,” said CEO, Jim Diamond at Diamond Properties. “Twinsburg’s proximity to both Cleveland and Akron, combined with its exceptionally tight industrial vacancy and strong manufacturing base, makes it an attractive location for long-term investment.”
According to the offering materials, the property sits on approximately 1.87 acres and features a well-maintained facility originally built in 1987, with recent capital improvements including a new roof installed in November 2024. The building includes approximately 44,050 square feet of warehouse space and 5,950 square feet of office space, along with multiple loading docks and drive-in doors.
The Twinsburg/Aurora submarket continues to demonstrate strong fundamentals, with industrial vacancy rates around 2% and ongoing development activity, underscoring robust tenant demand.
KELTEC Technolab, headquartered at the property, has established deep roots in the region and continues to expand its manufacturing capabilities, further enhancing the asset’s long-term stability.
Diamond Properties plans to continue pursuing similar acquisition opportunities across key U.S. industrial markets.
About Diamond Properties
Diamond Properties is a commercial real estate business located in Mount Kisco, NY that focuses on the acquisition of commercial properties with potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. Founded 1995, they have acquired 125+ properties, including office, medical, industrial, retail, self-storage, residential, lodging, and land and currently own more than 100 properties with 17 million square feet in 13 states. We continue to pursue a capital improvement and leasing program that, when combined with quality-driven customer service, has enabled us to deliver consistently high tenant satisfaction and lease renewal rates.
