Noonan says the company needed a narrow building section for its business-to-business pharmaceutical storage and distribution. The company is only using 60,000 sf for the drug fulfillment, and 80,000-sf for a call center. "Unlike most of our other distribution tenants, Humana needed to accommodate a large staff, so we reconfigured Park 75's layout to offer more parking spaces by reducing truck docks, and include a larger office build out," said Bill Chester, real estate director in Opus' Cincinnati office, in a statement.
Noonan says the company needed a narrow space for its work. "They also liked the location, it's the perfect place for distribution. There's multiple ways of getting to Interstate 75 and 275, it's a great place to get product out," he says.
The building is 100% occupied, as W. A. Wilde Co. leases the remaining half of the property. The marketing firm has a five-year lease, Noonan says. In the short time since the lease, Opus has sold the building for more than $17 million to one of its funds, he says.
The area is doing well, with strong occupancy, Noonan says. "Park 75 consists of two buildings, including this building and another, 428,000-sf property that's occupied by Dell Computer," he says.
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