TradeLane Properties Acquires 150,000 square foot Cross Dock Facility in Hamilton, OH
West Chester, OH – TradeLane Properties, a privately held Industrial Real Estate company, has purchased 2921 McBride Court, a single tenant cross dock facility totaling 150,000 square feet located in Hamilton, OH. Constructed in 2008, this free standing industrial building is situated on 11.84 acres and features 19 dock high doors (expandable), 28’-30’ clear height, 1 drive-in-door, 3,000 amps of power and 200 auto stalls.
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 100% occupied upon acquisition on a short-term sale leaseback. As part of its value-add investment strategy, TradeLane Properties will perform significant asphalt and concrete improvements, full exterior building paint, and landscape upgrades.
The acquisition of TLP 2921 McBride 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 Leasing, Accounting, Construction, and Property Management teams.
TradeLane Properties would like to thank Tim Schenke & Chris Prosser of CBRE, and Wintrust Bank 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 focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.