CINCINNATI – October 3, 2017 – Becknell Industrial has purchased a 14-acre industrial site in the city of Fairfield. CBRE assisted with the purchase of the land, located on Commerce Center Drive, off of Seward Road.
Becknell is developing a 176,800 SF speculative industrial building on the site. Construction is expected to be complete during the first quarter of 2018.
“Becknell is excited to further expand our presence in the Cincinnati market and to continue to build upon the success that we’ve experienced at our Port Union development project,” said Katrina Cupp, Assistant Vice President – Investments at Becknell Industrial.
“The location is perfect because of its proximity to the distribution and manufacturing core of Northern Cincinnati,” said Jeremy Kraus, First Vice President at CBRE. “This building will offer existing and new-to-market tenants the opportunity to operate in a modern, efficient facility. The features in the building will help tenants lower operational costs while also helping to retain and recruit talent in this competitive labor landscape.”
This building is located in pro-business Butler County, in the core of northern Cincinnati’s manufacturing and distribution hub. It will include several sustainability features to reduce operating costs and has been designed to accommodate multiple tenants. The Fairfield Commerce Center is zoned M-2 (general industrial) which allows for a variety of building uses. The building also includes 32’ clear height, 18 (9’x10’) docks with complete dock packages (dock seals, bumpers and 40,000 lb. airbag lever), two drive-in doors, and an ESFR sprinkler system. The parking lot features 136 parking spots, but can be expandable to 198 spots.
The location is very convenient, accessible from multiple I-75 and I-275 interchanges. It is located within 600 miles of more than 60% of all U.S. manufacturing.
Becknell Industrial specializes in the development, investment and management of industrial properties across the United States. The company currently owns interests in 151 properties totaling nearly 19 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.
For more information about the Becknell speculative building in the city of Fairfield please contact:
First Vice President
CBRE | Advisory & Transaction Services
Industrial & Logistics
201 East Fifth St., Suite 2200 | Cincinnati, OH 45202
T +1 513 369 1307 | F +1 513 241 2291 | C +1 513 623 1225
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.