One of Cincinnati’s largest private companies plans move

One of Cincinnati’s largest private companies is moving to a new part of town by the end of the year, the Enquirer reports.

Reladyne, a lubricant and fuel distributor, is moving its business from Sayler Park to Fairfield after outgrowing its River Road location.

RelaDyne will lease 105,000 square feet of space in one of two buildings being built by NorthPoint Development on a 39.7-acre site at the corner of Seward Road and Union Centre Boulevard. The $33 million to $35 million project known as Union Centre Logistics Park will include a 477,360-square-foot building and another 128,304-square-foot structure that has yet to sign tenants.

RelaDyne will move 105 employees to the site and plans to add 40 new jobs over the next three years as part of a Community Reinvestment Area agreement that will provide an eight-year, 75 percent property tax abatement on the larger building.

The building that will house RelaDyne is expected to be complete in October or November, while other tenants could move into the second building by December.

RelaDyne is the 21st-largest private company in Greater Cincinnati with 2015 revenue of $600 million and 750 total employees, according to Courier research. It has been growing rapidly with multiple acquisitions since the beginning of the year.

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