Sunday, June 1, 2003

Commercial Real Estate Projects & Transfers



Projects

The most expensive commercial construction projects or renovations, based on dollar values ($200,000 and up) of building permits issued recently in Hamilton County:

• The Church of the Redeemer. Site: 2944 Erie Ave. Purpose: Alteration. Contractor: Turner Construction. Cost: $3,740,000.

Cincinnati Public Schools. Site: 2488 Madison Road. Purpose: Repair. Contractor: O.K.I. Window Systems Inc. Cost: $1,840,000.

• The Church of the Redeemer. Site: 2944 Erie Ave. Purpose: Mechanical. Contractor: Turner Construction. Cost: $500,000.

Mercantile Center. Site: 120 E. Fourth St. Purpose: Repair. Contractor: Imbus Roofing Co. Cost: $322,000.

• Funch Lumber Co. Site: 4631 Reading Road. Purpose: New building. Contractor: Lichtenberg Construction. Cost: $286,000.

Western-Southern Life Insurance Co. Site: 120 W. Fifth St. Purpose: Excavation/fill. Contractor: Dugan & Meyers Construction Co. Cost: $250,000.

• Procter & Gamble. Site: 654 Wilmer Ave. Purpose: Alteration. Contractor: Bascon Inc. Cost: $240,000.

Transfers

The most expensive commercial property transfers recorded recently in Hamilton, Clermont, Butler and Warren counties in Ohio; and Boone, Kenton and Campbell counties in Kentucky, based on dollar values of $200,000 or more (data collected by First American Real Estate Solutions, publisher of the Pace Report, from county records):

• 2011 Rose Ave., Norwood, 45212. Use: Industrial warehouse. Price: $2,000,000. Buyer: Al Neyer Inc. Seller: Newman Properties Limited Partnership.

• 3966 Piccadilly Circle, Union Township, 45255. Use: Apartment building. Price: $975,000. Buyer: Tylercase Property MGMT LLC. Seller: William Fox.

• 4985 Binning Road, Union Township, 45255. Use: Commercial structures. Price: $852,000. Buyer: Evans Gravel Inc. Seller: Barrett Paving Materials.

• 11529 Goldcoast Drive, Sycamore Township, 45249. Use: Industrial property. Price: $545,300. Buyer: Arrested Developments LLC. Seller: William W. Stacey, trustee.

• 1720 Grand Ave., Middletown, 45044. Use: Commercial garage. Price: $520,000. Buyer: Cohen Bros Properties Limited. Seller: William Patrick Kinser.

• 1025 Lamneck St., Middletown, 45044. Use: Medium manufacturing and assembly. Price: $455,000. Buyer: Cohen Bros Properties Limited. Seller: William Patrick Kinser.

• 334 Beechwood Road, Fort Mitchell, 41017. Use: Commercial vacant land. Price: $450,000. Buyer: CFWL Properties LLC. Seller: Toebben Limited.

• 8208 Clara Ave., Colerain Township, 45239. Use: Restaurant/cafe/bar. Price: $420,000. Buyer: Simon J. and Danica Todorovski, trustees. Seller: PZ Realty Limited Partnership.

• U.S. 25, Walton, 41094. Use: Light manufacturing and assembly. Price: $325,000. Buyer: First Baptist Church, Walton, Inc. Seller: Fred B. Hines.

• 3093 Queen City Ave., Westwood, 45238. Use: Auto service station. Price: $289,200. Buyer: Sudha Chasmawala. Seller: Pravina Desai.

• 417 Liberty Hill, Queensgate, 45214. Use: Industrial warehouse. Price: $287,000. Buyer: Omran Saleh and Raid Mahmod. Seller: Atkins and Stang Inc.

• 1700 Lamneck St., Middletown, 45011. Use: Industrial warehouse. Price: $285,000. Buyer: Cohen Bros Properties Limited. Seller: William Patrick Kinser.

• 401 Scott St., Covington, 41011. Use: Retail structure. Price: $275,000. Buyer: Scott Street Partners LLC. Seller: Robert L. Porter Jr.

• 10235 Colerain Ave., Colerain Township, 45251. Use: Discount store. Price: $256,800. Buyer: FPRO 126 LLC. Seller: CBREI 1031 Fort 1 LLC.

• 119 Louis Ave., Clifton, 45220. Use: Apartment building. Price: $240,000. Buyer: John L. Frase and Larry Griggs. Seller: Pepito Aumentado, trustee.

• Lamneck Street, Middletown, 45044. Use: Industrial vacant land. Price: $240,000. Buyer: Cohen Bros Properties Limited. Seller: William Patrick Kinser.




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