Thursday, June 17, 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: Cornerstone Missionary Baptist Church. Site: 6601 Montgomery Road. Purpose: New building. Contractor: Burnett & Associates. Cost: $388,000.
• Applicant: Kroger Co. Site: 2100 Beechmont Ave. Purpose: Retaining wall. Contractor: Reece-Campbell Inc. Cost: $220,000.
• Applicant: CRE Corp. Site: 720 E. Pete Rose Way. Purpose: Alteration. Contractor: King Wrecking Co. Inc. Cost: $200,000.
• Applicant: Little Sisters of the Poor. Site: 476 Riddle Road. Purpose: Alteration. Contractor: To be determined. Cost: $200,000.
Transfers
7.8,7.9,7.5 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 Transamerica Intellitech, publisher of the Pace Report, from county records):
• Property: 7500 Turfway Road, Florence, 41042. Use: Commercial structures. Price: $25,000,000. Buyer: Turfway Park LLC. Seller: Turfway Park Racing Association.
• Property: 776 Old State Route 74, Union Township (Clermont County), 45245. Use: Nursing home and private hospital. Price: $6,970,000. Buyer: MJO Limited. Seller: Eastgate Senior Village Limited.
• Property: Lakeside Ave, Fort Mitchell, 41017. Use: Apartment building. Price: $5,461,000. Buyer: Derby Ridge Lakeside Park Associates. Seller: Merit Fund VIII Limited Partnership.
• Property: 692 Riddle Road, Clifton, 45220. Use: Apartment building. Price: $5,200,000. Buyer: Blue Ash Investments. Seller: Mont Michael Associates.
• Property: 7940 Kentucky Drive, Florence, 41042. Use: Industrial warehouse. Price: $5,200,000. Buyer: Cabot Industrial Properties LP. Seller: Kentucky Drive/Hemmer Limited.
• Property: 3368 Turfway Road, Florence, 41042. Use: Manufacture and assembly. Price: $4,875,000. Buyer: Cabot Industrial Properties LP. Seller: Mineola-Hemmer Limited.
• Property: 4275 Thunderbird Lane, Union Township (Butler County), 45069. Use: Industrial warehouse. Price: $4,334,500. Buyer: Thunderbird Limited. Seller: Kruse Co.
• Property: 7453 Empire Drive, Florence, 41042. Use: Industrial warehouse. Price: $3,660,000. Buyer: Cabot Industrial Properties LP. Seller: Paul Hemmer & Associates III.
• Property: Murray Road, St. Bernard, 45217. Use: Industrial warehouse. Price: $3,500,000. Buyer: Sierra Group. Seller: Procter & Gamble Co.
• Property: 1350 Jamike Drive, Florence, 41042. Use: Industrial warehouse. Price: $3,375,000. Buyer: Cabot Industrial Properties LP. Seller: Hemmer/86 Limited.
• Property: 7850 Foundation Drive, Florence, 41042. Use: Industrial vacant land. Price: $2,750,000. Buyer: Cabot Industrial Properties. Seller: BPI/Hemmer.
• Property: 1420 Jamike Drive, Florence, 41042. Use: Light manufacture and assembly. Price: $2,700,000. Buyer: Cabot Industrial Properties LP. Seller: Jamike/Hemmer LP.
• Property: 8154 Montgomery Road, Madeira, 45236. Use: Retail structure. Price: $2,200,000. Buyer: Al Neyer Inc. Seller: LFC Limited Partnership.
• Property: 99 Tech Drive, Miami Township (Clermont), 45150. Use: Light manufacture and assembly. Price: $1,600,000. Buyer: Mane/Seafla Inc. Seller: Higgins Association.
• Property: 7725 Foundation Drive, Florence, 41042. Use: Commercial struc tures. Price: $1,525,000. Buyer: Cabot Industrial Properties. Seller: Hemmer 85 Limited.
• Property: 1405 Jamike Drive, Florence, 41042. Use: Industrial warehouse. Price: $1,475,000. Buyer: Cabot Industrial Properties LP. Seller: Hemmer/87 Limited.
• Property: 1810 Baltimore St., Middletown, 45044. Use: Medium manufacture and assembly. Price: $1,263,914. Buyer: Packaging Corp of America. Seller: Tenneco Packaging Inc.
• Property: 12105 Montgomery Road, Symmes Township, 45140. Use: Car wash. Price: $1,150,000. Buyer: Plus Partners II LLC. Seller: Andrew P. Bardos Jr.
• Property: 1111 Main St,. Milford, 45150. Use: Neighborhood shopping center. Price: $1,010,000. Buyer: CBL LLC. Seller: Su/Lan Yang.
• Property: 7945 Foundation Drive, Florence, 41042. Use: Commercial structures. Price: $1,100,000. Buyer: Cabot Industrial Properties. Seller: 7945 Building/Hemmer.
• Property: 7450 Industrial Road, Florence, 41042. Use: Auto service station. Price: $1,000,000. Buyer: Aztec Properties LLC. Seller: GHY Properties.
• Property: 1325 Glendale-Milford Road, Woodlawn, 45215. Use: Industrial property. Price: $950,000. Buyer: SJT Properties LLC. Seller: Larry Vesel Inc.
• Property: 1550 Hamilton-Cleves Road, Hamilton, 45013. Use: Commercial structures. Price: $900,000. Buyer: Tenten Holding Co. Seller: Moneywatch Partners.
• Property: 382 Circle Freeway Drive, Union Township (Butler County), 45246. Use: Medium manufacturing and assembly. Price: $894,000. Buyer: H&H Steel Processing Inc. of Michigan. Seller: H&H Steel Processing Co. Inc. of Ohio.
• Property: 7765 Foundation Drive, Florence, 41042. Use: Marine service facility. Price: $875,000. Buyer: Cabot Industrial Properties. Seller: FDC/Hemmer.
• Property: 2096 Quail Court, Forest Park, 45240. Use: Apartment building. Price: $800,000. Buyer: SSSRW Realty. Seller: William Rapien.
• Property: 6900 Hamilton Ave., North College Hill, 45231. Use: Bank. Price: $800,000. Buyer: Rite Aid of Ohio. Seller: PNC Bank National Association.
• Property: 7705 Foundation Drive, Florence, 41042. Use: Commercial structures. Price: $750,000. Buyer: Cabot Industrial Properties. Seller: Paul Hemmer & Associates III.
• Property: 1270 Ebenezer Road, Delhi Township, 45233. Use: Neighborhood shopping center. Price: $722,000. Buyer: West View Properties. Seller: Will Radcliff.
• Property: 1057 Meta Drive, Roselawn, 45237. Use: Industrial property. Price: $620,000. Buyer: Outdoor Environments. Seller: Robert G. Rothring, trustee.
• Property: 2201 Harrison Ave., Westwood/East Westwood, 45211. Use: Apartment building. Price: $609,500. Buyer: Robert H. and Dorothy Gaines. Seller: Thomas J. Fischbach.
• Property: 1400 Glendale-Milford Road, Evendale, 45215. Use: Industrial truck terminal. Price: $599,200. Buyer: Felitto Inc. Seller: 1400 Glendale-Milford Limited.
• Property: 3810 Edwards Road, Cincinnati 45238. Use: Apartment building. Price: $588,000. Buyer: Christopher P. Finney, trustee. Seller: Eileen C. Roth.
• Property: 5 19th St., Newport/Southgate, 41071. Use: Commercial structures. Price: $525,000. Buyer: James C. and Gary Ward. Seller: Neltner Oil Co.
• Property: 1053 Ohio 28, Miami Township (Clermont County), 45150. Use: Retail structure. Price: $510,000. Buyer: Samuel G Leavengood. Seller: Unit Inc.
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TRISTATE BUSINESS SUMMARY
COMMERCIAL REAL ESTATE PROJECTS
INDUSTRY NOTES: REAL ESTATE
TRISTATE MARKET SPOTLIGHT
