Colliers closes sale of 147,269-square-foot industrial portfolio in Blue Ash

Colliers closes sale of 147,269-square-foot industrial portfolio in Blue Ash

Colliers completed the sale of Cornell Park, a 147,269-square-foot, six-building industrial flex portfolio at 11240–11260 Cornell Park Drive in Blue Ash, Ohio, within the Cincinnati MSA. Colliers | Indianapolis Capital Markets advisors Alex Cantu and Alex Davenport, partnered with John Gartner, Erin Casey and Andrew Jacob of Colliers | Cincinnati to facilitate the transaction on behalf of the seller, Sperry Equities. The buyer was Denholtz, a privately held real estate investment management firm focused on industrial and flex assets. Cornell Park is a six-building industrial and flex campus totaling 14.34 acres. The property is 90% occupied by 26 tenants, including Snap One, Medical Dynamics, Infinit Nutrition, and Fresenius Medical Care. The portfolio accommodates a range of uses, including warehouse and distribution, business-to-business showrooms, light manufacturing, assembly and training. The buildings feature 14-foot clear heights, 54 dock doors, 10 drive-in doors, 390 auto parking spaces and 56 trailer parking spaces. Located in Blue Ash in northeast Cincinnati, Cornell Park is surrounded by corporate, industrial and commercial users. Positioned inside the I-275 ring, the property provides direct access to the region’s interstate network, employment base and nearby retail and services.