Neyer Properties purchased the 770,000 square foot, Blue Ash Distribution Center. The industrial park is composed of seven buildings.
The property is positioned on 41 acres between Reed Hartman Highway and Kenwood Road to the west and east, respectively, and Osborne Boulevard to the south.
This acquisition makes Neyer the largest private landlord in the Blue Ash market. Prior to the purchase, Neyer was the largest office landlord in Blue Ash, owning more than half a million square feet of office space.
“The acquisition of Blue Ash Distribution Center further promotes our commitment and belief in the Blue Ash submarket,” said Jared Wendling, Director of Acquisitions and Dispositions. Blue Ash Distribution Center is one of the largest remaining sites in Blue Ash located on a major corridor.
The property is 100% occupied by several tenants including Commonwealth Inc., and Schlage Lock Company.
Neyer purchased the property for $12.5 million. Jeff Bender with Cushman Wakefield represented the seller.