Five-building, shallow-bay industrial portfolio trades near Cincinnati, Ohio
JLL Capital Market worked on behalf of the seller in the transaction of the 278,000-square-foot portfolio
CHICAGO, Feb. 21, 2024 – JLL Capital Markets announced today that it arranged the sale of a five-building industrial portfolio totaling 278,000 square feet in West Chester, Ohio.
JLL represented the seller and procured the buyer in this transaction.
This high-performing, shallow-bay portfolio is 97.1 percent leased to 33 tenants. With an average tenant tenure of 11 years, the portfolio’s leasing success is a testament to its modern design, flexible layouts, and desirable location in Cincinnati. The buildings can be found at the following addresses:
Building 1- 9774-9792 Windisch Rd.
Building 2- 9808-9830 Windisch Rd.
Building 3- 9842-9866 Windisch Rd.
Building 4- 9872-9898 Windisch Rd.
Building 5- 9902-9922 Windisch Rd.
Developable land- 9930-9960 Windisch Rd
The portfolio is positioned with immediate access to I-75, a major North-South arterial that connects users to downtown Cincinnati and its major transportation infrastructure including the Cincinnati/Northern Kentucky International Airport (CVG), I-275, I-71 and I-74. Additionally, the portfolio’s location in the densely populated region North of downtown Cincinnati provides the best access to labor and rooftops in the market.
The JLL Capital Markets team was led by Industrial Group Co-leader and Senior Managing Director John Huguenard, Senior Managing Director Sean Devaney and Senior Director Ross Bratcher. Leasing expertise was led by Senior Managing Director Mark Volkman and financing support was provided by Senior Managing Director Ken Martin and Senior Director Brian Walsh.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.