TradeLane Properties Acquires Two Light Industrial Buildings in Cincinnati, OH
West Chester, OH – TradeLane Properties, a privately held Industrial Real Estate company, has purchased two light industrial buildings, totaling 86,462 square feet, in Cincinnati, OH.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, this investment was 70% occupied at closing with eleven tenants.
These highly functional assets, situated on 6.6 acres alongside I-75 provide “on-ramp” access to the entire Cincinnati metro, and offer 12 drive-in doors, 12 exterior dock high doors (expandable), an 18’ clear height and 147 auto stalls.
The acquisition of 1-45 Techview Drive is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Erin Casey with Colliers, Associated Bank, and Greenberg Traurig LLP for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping and operating industrial real estate facilities. Combining 75 years of experience, two publicly traded industrial REIT’s and decades of extensive value creation for shareholders, employees and customers, the TradeLane Properties founders have a proven track record of success. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.