Business Details
30 Years
experience
Expert Commercial Real Estate Development Solutions
Founded in 1996, Industrial Commercial Properties (ICP) has established itself as a leader in commercial real estate development with over 46.5 million square feet of properties under management. Our team of experts specializes in adaptive reuse, transforming distressed properties into thriving economic centers while leveraging decades of combined experience. Through public-private partnerships and innovative strategies, we deliver tailored solutions for industrial, office, and retail developments. Our in-house engineering and construction divisions enable seamless project execution from concept to completion.With a proven track record in revitalizing complex sites like former malls and manufacturing plants, we focus on creating jobs, restoring tax revenue, and fostering sustainable growth. Our client-centric approach ensures customized solutions that align with business objectives while maintaining the highest standards of transparency and integrity. Operating across strategic markets nationwide, we combine local market expertise with nationwide resources to maximize value for our partners and tenants.
Services
Commercial redevelopment
Build-to-suit construction
Sale-leaseback solutions
Adaptive reuse projects
Property revitalization
Details
- Year established: 1996
Highlights and features
- 100+ combined years of development experience in commercial real estate
- In-house construction and engineering teams for seamless project execution
- Expertise in adaptive reuse of complex sites like former malls and factories
- Specialized in public-private partnerships for economic redevelopment
- Client-focused solutions tailored to specific business needs
What people say
Fantastic experience
Thrilled with outcome
Collaborative efforts
Exceeded expectations
Innovative rehabilitation approach
Services
Commercial Real Estate Redevelopment
We specialize in transforming underutilized or abandoned commercial properties into productive spaces. Our expertise includes environmental remediation, structural upgrades, and modernization of outdated facilities. By addressing complex challenges like zoning issues and historical building constraints, we create value-added opportunities for tenants and investors while revitalizing communities.
Build-to-Suit Construction
Our in-house construction team delivers tailored solutions meeting specific business requirements. From ground-up developments to adaptive reuse of existing structures, we provide end-to-end project management. Our engineers and construction professionals work closely with clients to optimize layouts, incorporate specialized equipment needs, and ensure compliance with building codes for industrial and commercial environments.
Sale-Leaseback Solutions
We offer strategic sale-leaseback arrangements allowing business owners to unlock equity from real estate assets. This approach maintains operational use while converting property into working capital. Our structured financing solutions provide flexible terms with competitive rates, enabling companies to reinvest proceeds into core business operations.
Adaptive Reuse Projects
Our team excels at reimagining former retail centers, manufacturing plants, and office campuses for new purposes. Through creative design and targeted investments, we convert obsolete properties into modern distribution centers, mixed-use developments, and industrial parks while preserving structural value and minimizing environmental impact.
Public-Private Partnerships
We collaborate with municipalities to revitalize economically challenged areas through coordinated development initiatives. By leveraging tax incentives, infrastructure investments, and private capital, we transform underperforming sites into job-creating commercial hubs that benefit local governments, businesses, and residents through shared value creation.
People
Christopher S. Semarjian
Owner
With decades of real estate development experience, Mr. Semarjian leads ICP's strategic vision for commercial property revitalization. His expertise in identifying market opportunities and executing complex redevelopment projects has positioned the company as an industry leader in adaptive reuse solutions.
Austin Semarjian
Executive Vice President
Mr. Semarjian oversees key transactions and development initiatives, applying his extensive knowledge of commercial real estate markets. He plays a vital role in expanding ICP's portfolio while ensuring alignment with the company's long-term growth strategy and community development objectives.
Bennett Morrison
Executive Vice President
Mr. Morrison specializes in industrial property acquisitions and redevelopment strategies. His technical expertise in assessing complex real estate opportunities contributes to ICP's success in transforming underutilized assets into productive commercial spaces.
Sarah Ryzner
Executive Vice President - General Counsel
Ms. Ryzner manages legal affairs and regulatory compliance for ICP's development projects. Her comprehensive understanding of real estate law ensures all transactions meet legal requirements while protecting the interests of the company and its partners.
Dean Miller
Senior Vice President - Leasing and Acquisitions
Mr. Miller directs property acquisition and leasing operations, leveraging his industry relationships to identify strategic investment opportunities. His market insights help ICP expand its portfolio while meeting diverse client needs across multiple commercial real estate sectors.
Questions
What types of properties does ICP specialize in?
We specialize in industrial, office, retail, and mixed-use properties, with particular expertise in redeveloping distressed or underutilized assets including former malls, manufacturing plants, and office complexes.
In which geographic areas do you operate?
ICP operates nationwide with primary focus areas in Ohio, Michigan, Indiana, Missouri, Texas, and other strategic commercial real estate markets across the United States.
How does ICP approach complex redevelopment projects?
We employ a collaborative strategy combining in-house engineering, construction expertise, and public-private partnerships to address environmental, structural, and zoning challenges associated with property revitalization.
What financing options are available?
We offer sale-leaseback arrangements and structured financing solutions to help businesses unlock real estate equity while maintaining operational control through customized lease agreements.
Can you provide examples of successful projects?
Our portfolio includes transforming former shopping malls into distribution centers, repurposing automotive plants for new manufacturing uses, and converting office campuses into industrial parks across multiple states.
How do you ensure project success?
With 100+ combined years of experience, our team applies proven development expertise through in-house construction management, engineering resources, and tailored solutions addressing each property's unique requirements.
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