Thursday, February 11, 1999
COMMERCIAL REAL ESTATE
PROJECTS
The most expensive commercial construction projects or renovations, based on dollar values ($200,000 and up) of building permits issued recently in Cincinnati and Hamilton County:
• Applicant: Corporex. Site: 2090 Florence Ave. Purpose: New building. Contractor: CPX Construction. Cost: $5,576,000.
• Applicant: Williams Communications. Site: 1428 W. Eighth St. Purpose: New building. Contractor: Turner Construction Co. Cost: $1,437,000.
• Applicant: Williams Communications. Site: 1428 W. Eighth St. Purpose: New building. Contractor: The Geiler Co. Cost: $620,000.
• Applicant: City of Cincinnati. Site: 4150 Reading Road. Purpose: Alteration. Contractor: Fenton Rigging. Cost: $462,300.
• Applicant: Corporex. Site: 2090 Florence Ave. Purpose: New building. Contractor: Perfection Mechanical. Cost: $416,400.
• Applicant: Givaudan Roure. Site: 110 E. 70th St., Cincinnati, 45216. Purpose: Alteration. Contractor: Fru-Con Construction Corp. Cost: $360,000.
• Applicant: First Baptist Church of Hartwell. Site: 8405 Dixie Highway, Cincinnati, 45216. Purpose: New building. Contractor: Schenk Builders Inc. Cost: $290,000.
• Applicant: Fourth and Vine Center. Site: 1 W. Fourth St. Purpose: Alteration. Contractor: Messer Construction Co. Cost: $275,000.
• Applicant: Belvedere Corp. Site: 441 Vine St. Purpose: Alteration. Contractor: Belvedere Corp. Cost: $200,000.
TRANSFERS
The most expensive commercial property transfers recorded recently in Hamilton, Clermont, Butler and Warren counties in Ohio and Boone, Kenton and Campbell counties in Kentucky, based on dollar values of $200,000 or more (data collected by Amerestate Inc., publisher of the Pace Report, from county records):
• Property: 10485 McKinley Road, Blue Ash, 45242. Use: Office building. Price: $10,329,000. Buyer: PHL/O PCO LP. Seller: Phoenix Mutual Life Insurance.
• Property: 7125 Industrial Road, Florence, 41042. Use: Industrial warehouse. Price: $8,000,000. Buyer: Johns Manville International Inc. Seller: BMCA Insulation Products Inc.
• Property: 2412 Courseview Drive, Mason, 45040. Use: Office building. Price: $3,794,934. Buyer: PHL/OPCO LP. Seller: Phoenix Home Life Insurance.
• Property: 601 Redna Terrace, Woodlawn, 45215. Use: Industrial vacant land. Price: $2,500,000. Buyer: Redna Terrace LP and Jeffrey C. Rubenstein. Seller: Advantage Corp. & Income Fund LP.
• Property: 601 Redna Terrace, Woodlawn, 45215. Use: Industrial ware house. Price: $2,500,000. Buyer: Redna Terrace LLP & Jeffrey C. Rubenstein. Seller: Advantage Corp. & Income Fund LP.
• Property: 2309 Ferguson Road, Westwood, 45238. Use: Industrial warehouse. Price: $1,625,000. Buyer: Argonaut Holdings Inc. Seller: Ratterman Family Limited Partnership.
• Property: 375 Glensprings Drive, Springdale, 45246. Use: Office building. Price: $1,450,000. Buyer: Glensprings Properties. Seller: 375 Glensprings Co.
• Property: 463 Pedretti Ave., Delhi Township, 45238. Use: Apartment building. Price: $950,000. Buyer: Pamela Miller. Seller: Norman A. Murdock.
• Property: 5071 Dixie Highway, Fairfield, 45014. Use: Retail store. Price: $770,000. Buyer: State ST Bank & Trust Co., trustee. Seller: Genuine Parts Co.
• Property: 9772 Princeton Glendale Road, Union Township, 45246. Use: Industrial vacant land. Price: $670,000. Buyer: Premier Properties Ltd. Seller: Donald Tome.
• Property: 6281 Tri Ridge Blvd., Miami Township, 45140. Use: Office building. Price: $640,782. Buyer: Trivedi & Associates. Seller: WCBC Limited Partnership.
• Property: 5632 Cheviot Road, Green Township, 45247. Use: Retail store. Price: $422,500. Buyer: White Oak Properties 3 LLC. Seller: John E. Bloom.
• Property: 7724 Montgomery Road, Sycamore Township, 45236. Use: Medical clinic and office. Price: $405,000. Buyer: George and Paula Diflora. Seller: David C. Bell.
• Property: 3550 Springdale Road, Colerain Township, 45251. Use: Drive-in, fast food. Price: $325,000. Buyer: Kenwood Savings Bank. Seller: Arthur D. Weber Jr., trustee.
• Property: 3004 Vine St, Corryville, 45219. Use: Apartment building. Price: $307,500. Buyer: Michael D. and Debra A. Painter. Seller: John A. Shaffner.
• Property: 3332 Reading Road, Avondale, 45229. Use: Commercial warehouse. Price: $300,000. Buyer: Jeff A. and Tracy L. Maxwell. Seller: Anthony M. Sansalone, trustee.
• Property: 670 College Drive, Batavia Village, 45103. Use: Commercial structures. Price: $270,000. Buyer: Mike Farm & Fleet Repair Inc. Seller: Paul D. Kesselring.
• Property: 8885 Governors Hill Drive, Symmes Township, 45249. Use: Dry cleaning or laundry. Price: $252,000. Buyer: Lali S. Minocha. Seller: Fifth Third Bank.
• Property: 4010 North Bend Road, Cheviot, 45211. Use: Commercial condominiums. Price: $250,000. Buyer: Susan L. Meirjohan. Seller: Ameritek Construction Inc.
• Property: 3880 Montgomery Road, Deerfield Township, 45140. Use: Office building. Price: $250,000. Buyer: Scrimizzi Properties Inc. Seller: Merien F. Carr.
• Property: 2751 Arbor Ave., Oakley, 45209. Use: Apartment building. Price: $245,000. Buyer: Coho Properties Ltd. Seller: Daniel A. Schimberg, trustee.
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TRISTATE MARKET SPOTLIGHT
INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE
