LEBANON, OH—CenterPoint Properties has justsold a fully-leased industrial building in the greaterCincinnati/Dayton industrial market to BecknellIndustrial, along with its partner, UBS.The sales price was not disclosed. The 131,150-square-footfacility, located at 2800 Henkle Dr. in Lebanon, is fully leased toNIBCO, a provider of valves, fittings and flowcontrol products for commercial, industrial and institutionalconstruction as well as residential and irrigation markets. Thisfacility is one of NIBCO's 10 manufacturing and distribution plantsglobally.


Erik Foster and Mike Wilson ofAvison Young's Chicago Industrial Capital MarketsGroup helped complete the sale. The team worked with ScottPickett, a principal and the managing director of AvisonYoung's Columbus office on the transaction as part of the firm'splan to increase internal collaboration among its partners acrossNorth America.


“This property provides an excellent opportunity for the newowner to gain a further foothold in the Ohio market with a solidasset and strong credit tenant,” said Foster. He was not availablefor more comment by press time.


The building, situated on about 10 acres, was built in 1994. Themanufacturing space features 24' ceiling height, 13 dock highdoors, two drive-in doors and column spacing of 40 by 40-feet.


The City of Lebanon is located midway between the Cincinnati andDayton metropolitan areas, and with easy access to I-71, theproperty has connections to many major US markets and suppliers.The city functions as an industrial hub for the region, and hasfive industrial parks serving more than 50 industries, and providesmore than 3,000 jobs.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.