KAMCO and 90 North Deepen Midwest Portfolio

Cincinnati Children’s Hospital Operation Center at 400 Oak St. and 2905 Vernon Pl., a 302,000-square-foot, class A facility.

CHICAGO, CINCINNATI—KAMCO Investment Co., a leading investment company in Kuwait, in collaboration with the Chicago office of 90 North, a London-based investment advisory firm, has just made yet another low-risk, high-return investment in the state of OH. It acquired Cincinnati Children’s Hospital Operation Center at 400 Oak St. and 2905 Vernon Pl., a 302,000-square-foot, class A facility, for $75.3 million.

The Kuwait firm, along with 90 North, recently acquired for $107 million a class A office building in downtown Cincinnati that houses GE’s global operations center, one of just four such facilities across the world. And a year ago, the partners acquired a newly developed, 215,000-square-foot, class A corporate headquarters facility at 2900 Easton Square Pl. in Easton, a Columbus suburb. A Fortune 500 tenant leases it on a triple net lease basis for 15 years, with options for three additional seven-year terms.