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BATAVIA, OHIO — Sidney, Ohio-based Industrial Property Brokers (IPB) has arranged the lease of 22,000 square feet of industrial space, located in Troy. The space will be occupied by The Monsanto Company, and will house the company’s seed laboratory and farm equipment. The facility had previously been occupied by Multi-Color Corp., which recently consolidated its operations into a new facility, also in Batavia. IPB’s Tim Echemann negotiated the transaction with the assistance of Grubb & Ellis. Terms of the lease were not disclosed.