CBRE Facilitates Ohio Industrial Sale
- Jun 28, 2018
CBRE has brokered the sale of a 153,000-square-foot industrial asset in Blue Ash, Ohio. Parker Hannifin sold the manufacturing facility to Graphic Village, a print marketing solutions provider. The new owner plans to transform the vacant building into the company’s new headquarters. Previously, Parker Hannifin’s United Air Specialists used the property.
Located at 4440 Creek Road, in the northeastern part of Cincinnati, the asset is in close proximity to interstates 275, 71 and 75, and U.S. Route 42. The campus-like property provides clear heights, heavy power and features an open warehouse design and excess acreage.
CBRE Senior Vice Presidents Tim Schenke and Doug Whitten, along with Associate Brad Root, represented the owner in the transaction. According to Schenke, due to the lack of quality industrial buildings for sale, there is strong demand from growing, entrepreneurial companies that want to own real estate in the Cincinnati market.
“It’s a great time to be an owner of a well-located and functional industrial asset. There is an insatiable demand for this type of product,” explained Schenke, in a prepared statement.
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