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WEST CHESTER, OH-Humana Inc. has leased a specially-designed section in a 282,000-sf building here in Park 75, a section of Opus North’s Union Centre II, an industrial multi-tenant development here. The company took half the building, but lengthwise, with the width about 220 feet, says Colliers Turley Martin Tucker broker Dave Noonan. “They needed a narrow building, so both the tenant and the owner paid for the expense of changing the space,” he tells GlobeSt.com. The 10-year lease rate will be higher than the $3 per sf asking rate because of the changes, he says.

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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