Schueler Group’s commercial real estate development company, Bunnell Hill Development, closed a deal with Faropoint Ventures this month that totaled $5.3 million. Faropoint’s Flint Group chose one of the available warehouse/office spaces for lease at Bunnell Hill’s land holdings in Butler County, OH. Our own commercial real estate agent, Kevin Scott with Henkle Schueler & Associates, was the listing agent for this deal.
This is the newest of Faropoint’s many acquisitions of industrial properties for sale or lease in the Cincinnati, OH-KY-IN Metropolitan Areas since they entered the region in mid-2019, and they don’t have plans to limit their rapid growth in the region anytime soon. Faropoint’s lease with Schueler Group will ensure their new warehouse space will be tailored to their needs, and will include ongoing, comprehensive site management services by our property management division.
We at The Schueler Group of Companies love helping businesses to expand their holdings and their worth in our region, because in turn we all help each other to grow the commercial industry and local economies of the Southwest Ohio and Northern Kentucky regions.
The following information on the deal originally appeared as an article in the Cincinnati Business Courier as a Commercial Real Estate Deal of the Week:
Property name: 575 Quality Blvd.
Buyer: Faropoint Ventures
Seller: Bunnell Hill Development Co. Inc.
Listing brokers, firm: Kevin Scott, Henkle Schueler & Associates
Buyer’s broker, firm: Rod MacEachen and Roddy MacEachen, SqFt Commercial
Purchase price: $5.3 million
Deal closed: March 2020
Description of property: A more than 72,000-square-foot office/warehouse free-standing building on 12 acres
Address: 575 Quality Blvd., Fairfield 45014
Behind the deal: This building, leased to Flint Group, is Faropoint’s 10th industrial building acquisition in Greater Cincinnati and Northern Kentucky since summer 2019 with an additional more than $50 million to place in 2020.
Deal of the Week examines a recent noteworthy lease or sale of local commercial property and/or a residential sale; the transaction must exceed a minimum of $1 million.
