Franklin approves development agreement with Modula for $24M expansion
A Warren county city has entered into a development agreement with a prominent Italian firm seeking a grand $20M-plus expansion south of Dayton.
Modula Inc. — located at 5000 Commerce Center Drive at the former print technology center operated by Cox Media Group Ohio — aims to construct a 180,000 square foot building addition to its facility.
The purpose of the building addition is to consolidate its off-site warehouse and distribution operations which are currently located in a leased facility outside of the area.
Immobiltec USA is the property owner and Modula is the business owner of the plant on the 57-acre site.
The $24 million project will create 60 full-time positions upon completion in 2028, according to city documents.
The expansion first went before the city of Franklin's planning commission and board of zoning appeals last October, and is now featured once again on the most recent city council docket.
The project site is located within the city's Community Reinvestment Area. The developer has applied for a tax abatement on the increase of assessed value for the construction of the new structure for 15 years, in accordance with the CRA.
'We are excited about the expansion of Modula in the City of Franklin,' previously said Mayor Brent Centers. 'As Franklin continues to grow and transform, businesses like Modula are a critical component to our success. We look forward to additional exciting announcements of growth efforts in Warren County."
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Brent Centers is the Mayor of Franklin.
City of Franklin
Dayton-based Miller Valentine Commercial Construction, along with LJB Engineering, were cited on Modula's application.
In 2019, Modula announced 100 jobs would be coming to Franklin. This was, and remains, Modula's second U.S. location.
Headquartered in Italy with operations internationally, Modula manufactures automated storage and retrieval systems. The company initially invested $26.5 million to create its manufacturing and logistics hub in Franklin.
Modula services over 30,000 customers worldwide and employs more than 1,500 people and produces 5,000 machines worldwide annually.
The firm was launched in 1987 and has invested over $100M in manufacturing since 2014.
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