TradeLane Properties Expands to Cincinnati with 14 Building Portfolio Acquisition
Oak Brook, IL –TradeLane Properties, a privately held Industrial Real Estate company, has successfully closed on a 14-building complex in greater Cincinnati, Ohio. TLP Capital Center - West Chester marks the first acquisition within TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets.
This 14-building, 896,523 square foot industrial park, located on 43.5 acres in the Northwest submarket, provides excellent access to metro Cincinnati, Dayton and Northern Kentucky via proximity to the junction of I-75 and I-275. Consisting of 11 light industrial buildings and 3 bulk distribution buildings with clear heights ranging from 12’-23’ across the portfolio, the project is currently 93.5% leased amongst 65 diverse customers. Erin Casey and Drew Wall of Colliers have been selected as the listing agents for the properties.
The acquisition of TLP Capital Center - West Chester is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through in-house capabilities inclusive of dedicated accounting, construction, and property management teams.
TradeLane Properties would like to thank JLL Capital Markets, CIBC Bank, Bryan Cave Leighton Paisner LLP, 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.