IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park
- Feb 28, 2017
Monroe, Ohio—IDI Gazeley and CBRE announced that construction of the 756,000-square-foot bulk warehouse facility Park North at Monroe Building 10 will begin during the first quarter of this year.
Located midway between Cincinnati and Dayton, Park North at Monroe Building 10 will provide easy access to the I-75. The park is situated within 600 miles of more than 50 percent of the U.S. population. The future facility will offer occupiers numerous sustainability features and an in-place 15-year 100 percent tax abatement on improvements. The building will also be the largest 36-foot clear height availability in greater Cincinnati.
Home Depot (657,600 square feet), Cornerstone Brands (651,515 square feet), SSB Manufacturing (430,668 square feet), Vallen (218,704 square feet), UGN Inc. (232,200 square feet) and Hayneedle (994,013 square feet) are some of the logistics and manufacturing campus’ current tenants. According to CBRE’s latest research, the greater Cincinnati industrial market ended 2016 with more than 5.3 million square feet of positive net absorption, the most since 2005.
“The park’s success is due to its high-quality logistics facilities and robust infrastructure as well as proactive economic development efforts by the City of Monroe, Warren County and the State of Ohio. The quality of life and strong workforce nearby makes this a tier first location,” said Doug Armbruster, senior vice president & regional director of IDI Gazeley, in prepared remarks.
The distribution facility is expected to be completed and ready for occupancy in early Q4 2017. CBRE’s Jeremy Kraus is in charge of marketing the warehouse for lease.
Image courtesy of CBRE