Answers in Genesis Pays $31M for Office Near Creation Museum, Ark Encounter in Erlanger
Answers in Genesis has purchased the Atlantic Corporate Center (the former Erlanger Toyota headquarters building) located in Erlanger, KY from Corporex Companies for $31.3 million.
Matt Waggoner and Josh Gerth of JLL represented Answers in Genesis, a Christian apologetics parachurch organization, in the transaction.
The organization will transform the 205,000-square-foot complex into its headquarters and an educational center. The Class A building sits near near the Creation Museum and the Ark Encounter theme park, both of which are run by Answers in Genesis.
The four-floor Atlantic Corporate Center has a full-service cafeteria, state-of-the-art fitness center, outdoor fitness trail, abundant parking, a medical clinic and a 100-person auditorium. Its 38-acre site within the 650-acre CirclePort International Business Park allows for additional buildings to be added.
According to JLL, this purchase aligns with the growing trend of adaptive reuse in the Cincinnati, OH office market, where large office buildings are being sold and repurposed for new uses.
- ◦Sale/Acquisition