Sunday, October 19, 2003

Commercial Real Estate



Projects

The most expensive commercial construction projects or renovations, based on values of building permits issued recently in Cincinnati and Hamilton County:

Procter & Gamble Co. Site: 6290 Center Hill Ave. Purpose: Addition. Contractor: To be determined. Cost: $1,274,000.

• YMCA. Site: 3159 Montana Ave. Purpose: Swimming pool. Contractor: Shamrock Enterprises. Cost: $860,000.

• National Underground Railroad Freedom Center. Site: 50 E. Freedom Way. Purpose: Passenger elevator. Contractor: Abell Elevator International. Cost: $296,322.

• Steve Vogel. Site: 150 E. Fourth St. Purpose: Mechanical. Contractor: Hannaford & Briggs Service. Cost: $260,000.

• Steve Vogel. Site: 150 E. Fourth St. Purpose: Alteration. Contractor: Beischel Builders. Cost: $250,000.

• Cincinnati Children's Hospital Medical Center. Site: 3333 Burnet Ave. Purpose: Alteration. Contractor: Messer Construction Co. Cost: $242,000.

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 values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

• Ky. 18, Burlington, 41005. Use: Apartment building. Price: $7,800,000. Buyer: JWG2 Investments IV & JWG2 Investments V. Seller: Burlington Residential Limited.

• 5901 E. Galbraith Road, Sycamore Township, 45236. Use: Office building. Price: $5,992,700. Buyer: 590 East Galbraith Road LLC. Seller: General Insurance Co. of America.

• 5111 Glencrossing Way, Green Township, 45238. Use: Discount store. Price: $1,770,200. Buyer: SPM Real Estate Springboro & SPM Real Estate Georges VI. Seller: 2K Ventures/Glencrossing.

• 1343 Main St., Over-the-Rhine, 45202. Use: Apartment building. Price: $1,175,000. Buyer: Over The Rhine Property Investments LLC. Seller: 1341-45 Main Street Limited Partnership.

• 400 Grove Ave., Wyoming, 45215. Use: Restaurant/cafe/bar. Price: $985,000. Buyer: 400 Wyoming Restaurant Concepts LLC. Seller: Steven E. Schuholz Enterprises Inc.

• 303 Greenup St., Covington, 41011. Use: Apartment building. Price: $950,000. Buyer: Covington Square LLC. Seller: U.S. Bank, trustee.

• 909 E. Ross Ave., St. Bernard, 45217. Use: Medium manufacturing and assembly. Price: $737,500. Buyer: Baxter Real Estate LLC. Seller: Baxter Burial Vault Service Inc.

• 2728 Faber Ave., East Westwood, 45211. Use: Apartment building. Price: $623,000. Buyer: Richard and Evelyne T. Chiang. Seller: A&A Properties Limited.




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Commercial Real Estate