Hebron's central location, and the many interstates that radiate out from Cincinnati, helps explain why distributors have shown so much interest in the town. This property will have direct access via I-275 and State Rd. 237, as well as easy access to interstates 71, 74 and 471. Located on I-275, prospective tenants will be five minutes from Cincinnati/Northern Kentucky International Airport. Building features include 32' and 36' clear heights, cross-dock loading, T-5 lighting and ESFR fire protection system. There will be 130' and 185' truck courts, as well as ample auto and trailer parking space and additional area available for future parking.

There may have never been a better time to build an industrial project in this metro area. According to CBRE Research, Cincinnati had an availability rate of 4.4% in the second quarter, one of the five lowest rates in the country. It was the sixth consecutive quarter with a market vacancy under 5%.

Crews will begin preparing the site for construction beginning next week. The partners plan to complete both buildings by mid-2017. CBRE brokers Mike Lowe, Jeremy Kraus, Doug Whitten and Tim Schenke are serving as the leasing agents.

CINCINNATI—One of the tightest industrial markets in the US is about to get some much-needed product. Hillwood, a Perot company, and Cincinnati-based developer and design-builder Al. Neyer recently acquired 49 acres in Hebron, KY, just across the Ohio River from Cincinnati, and plan to construct two speculative buildings at the Hebron Logistics Center on Litton Ln. The simultaneously built buildings will measure 589,244 square feet and 209,468 square feet.

This joint venture marks Hillwood's second development in Cincinnati's metro area. The company is a capital partner for Dermody Property's LogistiCenter@275, a 900,000 square foot distribution center completed in June. The structure was one of the largest ever built in the Hebron submarket, which has become an important national distribution center. Wayfair Inc., an online distributor of home furnishings and décor, agreed to lease the entire building before completion.

“We have had great success in this area and are eager to continue our investment in this market,” says Kurt Nelson, Hillwood's senior vice president and market leader. “Industrial volume in this region reached record highs in 2015 and we continue to see strong activity in 2016. The Cincinnati market has experienced considerable growth over the last few years, and we look forward to contributing to its future success.”

“It is really difficult to find developable industrial sites in Greater Cincinnati, especially with such convenient proximity to the airport,” says Dan Ruh, senior vice president, real estate development, Al. Neyer. “Few metropolitan areas offer our convenient access, affordability, Fortune 500 presence, and capable workforce, and we know this development will present a tremendous opportunity to a number of booming industries.”

Hebron's central location, and the many interstates that radiate out from Cincinnati, helps explain why distributors have shown so much interest in the town. This property will have direct access via I-275 and State Rd. 237, as well as easy access to interstates 71, 74 and 471. Located on I-275, prospective tenants will be five minutes from Cincinnati/Northern Kentucky International Airport. Building features include 32' and 36' clear heights, cross-dock loading, T-5 lighting and ESFR fire protection system. There will be 130' and 185' truck courts, as well as ample auto and trailer parking space and additional area available for future parking.

There may have never been a better time to build an industrial project in this metro area. According to CBRE Research, Cincinnati had an availability rate of 4.4% in the second quarter, one of the five lowest rates in the country. It was the sixth consecutive quarter with a market vacancy under 5%.

Crews will begin preparing the site for construction beginning next week. The partners plan to complete both buildings by mid-2017. CBRE brokers Mike Lowe, Jeremy Kraus, Doug Whitten and Tim Schenke are serving as the leasing agents.