 |
Columbia Plaza, 538,437-square-foot,
29-story office building at 250 E 5th Street,
Central Business District, Cincinnati, OH |
 |
| Jaime Fink |
CHICAGO,
IL – JLL Capital Markets announced it has completed the
sale of Columbia Plaza, a newly renovated, 538,437-square-foot office
building in Cincinnati, Ohio.
JLL
represented the seller, HighBrook Investors, and procured the buyer, Zamir
Equities, LLC.
Columbia
Plaza is located at 250 E 5th Street in the heart of
Cincinnati’s central business district, which is home to eight Fortune 500
companies.
The 29-story tower has a superior location
close to demand drivers such as Fountain Square, the entertainment districts of
Newport and Covington, as well as The Banks, which is home to the
Cincinnati Bengals and Reds.
Additionally,
Columbia Plaza is proximate to Interstates 71 and 75, two of the major regional
thoroughfares.
 |
| Jeffrey Bramson |
Recently
renovated, the 29-story tower boasts a 5,000-square-foot expansion to the
lobby, a 3,000-square-foot tenant lounge, conferencing facilities, outdoor
plaza with multiple seating areas and a 494-space subterranean parking garage.
The 76.2%-leased Columbia Plaza is anchored
by Western & Southern.
The JLL
Capital Markets team representing the seller was led by Senior Managing
Directors Jaime Fink, Jeffrey Bramson and Bruce Miller, Senior Director Patrick
Shields and Director Sam Difrancesca.
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 advisory, debt placement, equity
placement or a recapitalization.
 |
| Bruce Miller |
The firm
has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For more news, videos and research
resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
About
Highbrook Investors:
HighBrook
Investors is a real estate private equity firm that was founded in 2010 as a
unique entity blending best practices from both the private equity and hedge
fund industries.
As
a value-oriented investor, Highbrook acquires and actively manages property
investments across North America and Europe which are typically in need of
repositioning or restructuring.
 |
| Patrick Shields |
The
HighBrook team specializes in recapitalizing properties that are encumbered by
complicated structures, and in transactions that typically require speed,
flexibility and substantial capital infusions.
As
a nimble and well-capitalized player, Highbrook is uniquely positioned to
source and execute on compelling risk-adjusted investment opportunities.
About
Zamir Equities:
Founded
by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based,
integrated real estate private equity firm.
Currently,
Zamir Equities owns and manages cumulative properties in excess of 3.6 million
square feet.
 |
| Sam Difrancesca |
Recognized
for their astute acquisition proficiency, along with unparalleled real estate
management, leasing and marketing experience, Zamir Equities specializes in
risk-adjusted market returns in both undervalued and stabilized real estate
assets.
Zamir
Equities is headquartered in the heart of midtown Manhattan in the Fred F.
French Building.
CONTACT:
Kristen Murphy
Senior
Manager, Public Relations
JLL
Capital Markets
One
Post Office Square, Suite 3500
Boston,
MA 02109
T
+1 617 848 1572
M
+1 617 543 4873
