Cincinnati is making a name for itself as a distribution center

For projects of this size, it is not easy to find land in the Cincinnati / Northern KY area.

CINCINNATI—The Opus group, along with Founder characteristics, plans to begin construction of a speculative industrial facility in Middletown, a northern suburb of Cincinnati. Construction of the 612,730 square foot warehouse building along the I-75 corridor will begin in June and be completed next May.

It’s another sign that this metropolitan area has a bright future as a distribution center. Other major projects are also in progress. Amazon has decided to create, for example a $ 1.4 billion hub at Cincinnati Airport / Northern KY, part of a larger move to reduce reliance on UPS and FedEx.

“This market is well suited for large distributors”, Douglas J. Swain, Vice President, Managing Director, Opus Development Co., LLCtells GlobeSt.com. “It’s just a very good, central location” and gives merchants quick access not only to the Cincinnati area, but also to the subways around Dayton and Columbus.

He adds that the demand for such products is very high. “Cincinnati is a market with limited space, especially for vendors who need so much space.”

As reported in GlobeSt.com, the land is on the KY side of the Ohio River a rough topography, and vacated sites that can handle distribution buildings are rare. But it’s not much easier in the northern sections of the metro area. “It’s difficult to find places that are designated for this type of development,” says Swain. In addition, much of the area is taken up by arable land with owners not interested in selling it or protected wetlands. Tax breaks for projects like this are also sometimes not available.

This building was granted a 15-year, 100 percent real estate tax exemption. It will have 36-foot ceiling heights, 410 parking spaces, 40 dock doors, 79 trailer positions and a further 91 positions for knockout panels, giving tenants more flexibility. Swain says the development is ideal for one or two tenants.

The project location is only 45 minutes by car from Cincinnati International Airport or Dayton International Airport, with direct access from the Rte. 63, on the corner of Todhunter and Salzman Rds.

This project is the latest addition to the Opus portfolio in the Ohio market, which includes: Port Union Commercial Park, a fully rented industrial project with two buildings that was completed in autumn 2015.

Opus Development Co., LLC will develop the property as well Opus Design Build, LLC will be the design builder. Opus AE Group, LLC will be the architect and structural engineer. The project is a joint venture with Founders Properties, LLC and Norm Khoury and John Gartner with Colliers International in Cincinnati it will be marketed for rental.

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