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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.