Done Deals: Five-building, shallow-bay industrial portfolio trades near Cincinnati, OH

Friday, February 23, 2024

Five-building, shallow-bay industrial portfolio trades near Cincinnati, OH

SOLD: five-building industrial portfolio
totaling 278,000 square feet
in West Chester, OH.

John Huguenard

CHICAGO, IL –  JLL Capital Markets arranged the sale of a five-building industrial portfolio totaling 278,000 square feet in West Chester, Ohio. The price was not disclosed.

JLL represented the seller and procured the buyer in this transaction.

The JLL Capital Markets team was led by Industrial Group Co-leader and Senior Managing Director John Huguenard, Senior Managing Director Sean Devaney and Senior Director Ross Bratcher. Leasing expertise was led by Senior Managing Director Mark Volkman and financing support was provided by Senior Managing Director Ken Martin and Senior Director Brian Walsh.
Sean Devaney
This high-performing, shallow-bay portfolio is 97.1 percent leased to 33 tenants.
With an average tenant tenure of 11 years, the portfolio’s leasing success is a testament to its modern design, flexible layouts and desirable location in Cincinnati.
The buildings can be found at the following addresses:
Building 1- 9774-9792 Windisch Rd.
Building 2- 9808-9830 Windisch Rd.
Building 3- 9842-9866 Windisch Rd.
Building 4- 9872-9898 Windisch Rd.
Building 5- 9902-9922 Windisch Rd.
Developable land- 9930-9960 Windisch Rd

Ross Bratcher

The portfolio is positioned with immediate access to I-75, a major North-South arterial that connects users to downtown Cincinnati and its major transportation infrastructure including the Cincinnati/Northern Kentucky International Airport (CVG), I-275, I-71 and I-74.

Additionally, the portfolio’s location in the densely populated region North of downtown Cincinnati provides the best access to labor and rooftops in the market.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

Mark Volkman

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

About JLL 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

Ken Martin

A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise.

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.  