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JLL Trades Cincy Industrial Park for Dalfen
JLL Capital Markets closed the $51.3-million sale of Capital Center Industrial Park, a 14-building portfolio of light industrial assets totaling 896,523 square feet in Cincinnati, Ohio. The firm’s
John Huguenard and Kurt Sarbaugh, with assistance from Mark Volkman, marketed the property on behalf of the seller, Dalfen Industrial. TradeLane Properties purchased the asset.
The portfolio properties compose the 43.54-acre Capital Center Industrial Park, which is 93.5% leased to 65 diverse tenants. Mostly completed in the 1970s, the portfolio has been institutionally maintained for decades and has received substantial capital improvements over time.
“Cincinnati has become a truly dynamic industrial market, evidenced by the quality of the buyer pool that showed up for this offering,” Sarbaugh said. “The CVG airport is one of the largest cargo airports by volume in the country, and the city is located within a day’s truck route of more than half of the U.S. population.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
