Insite Real Estate Acquires 1.38 Million Square Foot Industrial Property From Kohl’s For $55.95M

InSite Real Estate acquired a 1.38 million-square-foot industrial property located at 3500 Salzman Road in Monroe, Ohio. The property was sold for $55.95 million and encompasses 47 acres. Developed in 2001, it was previously used as a Kohl’s e-commerce fulfillment center until its closure in October 2025.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $55,950,000
• Sale Price per Square Foot: $40.54
• Size: 1,380,000 SF
• Market: Monroe, OH
• Seller: Kohl’s
• Buyer: Insite Real Estate
• Broker: JLL
• Loan Amount: $56,000,000

The acquisition of the industrial property involved key players including Insite Real Estate as the buyer and JLL acting as the brokerage firm. The transaction highlights Kohl’s as the seller, which previously operated the property as a fulfillment center for their e-commerce operations.