Thursday, March 30, 2000
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: Cincinnati Hills Christian Academy. Site: 140 W. Ninth St. Purpose: Alteration. Contractor: C&S Contractors. Cost: $1,500,000.
• Applicant: Jerry Stenger. Site: 6310 Este Ave. Purpose: New building. Contractor: Neyer Properties. Cost: $1,454,000.
• Applicant: Cincinnati Hills Christian Academy. Site: 140 W. Ninth St. Purpose: Alteration. Contractor: C&S Contractors. Cost: $500,000.
• Applicant: Cincinnati Public Schools. Site: 5051 Anderson Place. Purpose: Repair. Contractor: Imbus Roofing Co. Cost: $419,067.
• Applicant: Ohio Teachers Retirement. Site: 221 E. Fourth St. Purpose: Alteration. Contractor: Hunt Builders Corp. Cost: $400,000.
• Applicant: Cincinnati Board of Education. Site: 1030 Culter St. Purpose: Repair. Contractor: Imbus Roofing Co. Cost: $391,000.
• Applicant: Community Law Center Real Estate Co. Site: 215 E. Ninth St. Purpose: Alteration. Contractor: Professional Contracting Inc. Cost: $286,000.
• Applicant: Cincinnati Youth Collaborative. Site: 2650 Highland Ave. Purpose: Alteration. Contractor: SIA Architects Inc. Cost: $210,000.
• Applicant: Ohio Teachers Retirement. Site: 221 E. Fourth St. Purpose: Alteration. Contractor: Hunt Builders Corp. Cost: $200,000.
• Applicant: Cincinnati Hills Christian Church. Site: 140 W. Ninth St. Purpose: New building. Contractor: William H. Poe. Cost: $200,000.
• Applicant: CVS Pharmacy. Site: 36 E. Fourth St. Purpose: Alteration. Contractor: To be determined. 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 Transamerica Intellitech, publisher of the Pace Report, from county records):
• Property: 10550 Montgomery Road, Montgomery, 45242. Use: Medical clinic and office. Price: $66,075,000. Buyer: Bethesda Properties Inc. Seller: Montgomery Medical Development Co. III Limited.
• Property: 4281 Olympic Blvd., Florence, 41042. Use: Light manufacturing and assembly. Price: $7,541,000. Buyer: MCSI Realty Co. LLC. Seller: Compucom Systems Inc.
• Property: 15 W. Fourth St., 45202. Use: Full line department store. Price: $4,000,000. Buyer: 4th & Race Limited Partnership. Seller: Mercantile Stores Co Inc.
• Property: Elick Lane, Union Township, 45245. Use: Industrial vacant land. Price: $2,780,840. Buyer: Grover Industries LLC. Seller: Dynamics Corp of America.
• Property: 324 John St., Mount Adams-downtown, 45202. Use: Light manufacturing and assembly. Price: $2,250,000. Buyer: Dayton Office Properties LLC. Seller: MKO Inc.
• Property: 2648 U.S. 27, Highland Heights/Cold Spring, 41076. Use: Commercial structures. Price: $2,100,000. Buyer: Northern Kentucky University Foundation Inc. Seller: Highland Heights Station Limited.
• Property: 11460 Sebring Drive, Forest Park, 45240. Use: Lodge halls and amusement parks. Price: $2,000,000. Buyer: Albert Frank Realty LLC. Seller: Hoeweler Realty Group Inc.
• Property: 8236 Colerain Ave, Colerain Township, 45239. Use: Drive-in, fast food. Price: $1,070,000. Buyer: CKB Properties I Limited. Seller: Wendy's International Inc.
• Property: 3860 Virginia Ave., Fairfax, 45227. Use: Light manufacturing and assembly. Price: $1,700,000. Buyer: JEJ Investments LLC. Seller: William J. Rielly.
• Property: 315 Plum St., downtown, 45202. Use: Industrial warehouse. Price: $1,325,000. Buyer: Shawnee Exchange Co. Inc. Seller: Barbara Weisenberg.
• Property: 9850 Redhill Drive, Blue Ash, 45242. Use: Machine tool shop. Price: $1,050,000. Buyer: Redhill Associates LLC. Seller: H&R Investment Co.
• Property: 4398 Glen Este Withamsville Road, Union Township, 45245. Use: Commercial vacant land. Price: $990,000. Buyer: Edward H. Owens. Seller: SPM Real Estate Eastgate.
• Property: 920 W. Galbraith Road, Springfield Township, 45231. Use: Drive-in, fast food. Price: $600,000. Buyer: CKB Properties II Limited. Seller: Wendy's International Inc.
• Property: 4730 Montgomery Road, Norwood, 45212. Use: Full-service bank. Price: $545,000. Buyer: Lenox Saving Bank. Seller: Norwood Real Estate Partners.
• Property: 4924 Para Drive, Roselawn, 45237. Use: Industrial warehouse. Price: $485,000. Buyer: Frank W. Bao. Seller: HRB Inc.
• Property: 4991 Dixie Highway, Fairfield, 45014. Use: Retail store. Price: $475,000. Buyer: Jeffrey L. and Karen L. Sycamore. Seller: Stephen W. Anglen.
• Property: Distribution Drive, Hamilton, 45015. Use: Industrial vacant land. Price: $452,700. Buyer: Tippmann Realty and Indian General Partnership. Seller: Stanley Rowe Jr., trustee.
• Property: 541 Garfield Ave., Milford, 45150. Use: Apartment building. Price: $450,000. Buyer: Roger D. Littlejohn, trustee. Seller: M&E Co.
• Property: 6490 Dixie Highway, Fairfield City, 45014. Use: Commercial structures. Price: $422,500. Buyer: Joseph A. Feidner. Seller: Robert E. Seery.
• Property: 1117 Elgin Place, Mount Adams-downtown, 45202. Use: Apartment building. Price: $415,000. Buyer: TM Properties of Cincinnati LLC. Seller: Thomas Cummins.
• Property: 3325 Glenmore Ave., Westwood/East Westwood, 45211. Use: Office building. Price: $385,000. Buyer: Melvin R. Heis. Seller: Robert H. Bockhorst.
• Property: 2160 Fulton Ave., Walnut Hills, 45206. Use: Apartment building. Price: $375,000. Buyer: Firstar Bank, trustee. Seller: William J. Gervers.
• Property: 3905 Boudinot Ave., Westwood/East Westwood, 45211. Use: Apartment building. Price: $353,000. Buyer: Outdoor Environments Inc. Seller: Lee A. Gilbert.
• Property: 420 York St., Queensgate, 45214. Use: Industrial vacant land. Price: $350,000. Buyer: Kaiser Foods Inc. Seller: Mindy Hastie.
• Property: 6580 Corporate Drive, Blue Ash, 45242. Use: Industrial warehouse. Price: $344,000. Buyer: John F. Calder Family. Seller: Dorsey Dorsey, trustee.
• Property: 1730 Madison Road, Walnut Hills, 45206. Use: Office building. Price: $330,000. Buyer: Gerald E. Newfarmer. Seller: H. Breneman Blaine, trustee.
• Property: 3423 Erie Ave., Hyde Park/Mount Lookout, 45208. Use: Retail store. Price: $320,000. Buyer: Gilberto Barbosa. Seller: Connie Lockwood Inc.
• Property: 2347 Park Ave., Walnut Hills, 45206. Use: Apartment building. Price: $309,000. Buyer: Herbert W. Johnson. Seller: George Brooks.
• Property: 311 City Centre St., Middletown, 45044. Use: Office Building. Price: $300,000. Buyer: Dale E. and Debra Balazich. Seller: A. K. Steel Corp.
• Property: 3535 Michigan Ave., Hyde Park/Mount Lookout, 45208. Use: Apartment building. Price: $293,000. Buyer: Shawn C. Jackson. Seller: John Kirby.
• Property: West Third Street, Mount Adams-downtown, 45202. Use: Light manufacture and assembly. Price: $250,000. Buyer: Dayton Hydraulic Co. Seller: MKO Inc.
• Property: 8691 N. Gilmore Road, Fairfield, 45014. Use: Commercial garage. Price: $248,000. Buyer: Kenneth G. and Jane A. Boehm. Seller: Walter A. Fouch.
• Property: 1231 Hicks Blvd., Fairfield City, 45014. Use: Retail structure. Price: $225,000. Buyer: Operation Serve Inc. Seller: Audrey Loughran.
• Property: Montclair Boulevard, Miami Township, 45150. Use: Commercial vacant land. Price: $200,000. Buyer: John C. Imbus. Seller: David H. Todd, trustee.
• Property: 5968 Springdale Road, Colerain Township, 45247. Use: Retail store. Price: $200,000. Buyer: Westbrook Enterprises. Seller: David D. Dourson.
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INDUSTRY NOTES: REAL ESTATE
COMMERCIAL REAL ESTATE
TRISTATE MARKET SPOTLIGHT
