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JLL completed the sale of two office properties leased to Cincinnati Children’s Hospital Medical Center

JLL Closes Sale of Offices Leased to Cincinnati Children’s Hospital Medical Center

JLL Capital Markets completed the sale and arranged financing for 400 Oak St. and 2905 Vernon Pl., a two-building office portfolio totaling 303,130 square feet in Cincinnati. The sale price wasn’t disclosed. 

JLL represented the seller, 90 North Real Estate LLP, and procured the buyer, Azora Exan. Additionally, JLL arranged the acquisition loan on behalf of Azora. 

The two properties are fully leased to investment grade tenant Cincinnati Children’s Hospital Medical Center for administrative functions as well as various nonclinical mission-critical uses. Both assets are positioned central to the Cincinnati Children’s surrounding network of clinical campuses and are located within the 65-acre Cincinnati Innovation District, which is home to leading research institutions, hospitals and universities.  

JLL’s Capital Markets Investment Sales Advisory team representing the seller was led by senior managing directors Jaime Fink and Bruce Miller and senior directors Sam DiFrancesca and Patrick Shields. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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