Central Parke Business Park Sells for $34M

CINCINNATI—PBY Partners has just bought a suburban portfolio here with 811,670-square-feet for $34 million from 4600 Smith Road Holdings LLC. The Greater Cincinnati-based PBY now owns the Central Parke Business Park, which includes five office buildings, five flex buildings and one retail building called Grand Central Station, as well as a seven-level parking garage containing 1,400 spaces.   

The buildings sit within the City of Norwood, OH, and the Midtown submarket of Cincinnati’s metro area. Major tenants of the portfolio include: Cincinnati Bell, Education at Work, Oak Ridge Associated Universities, U.S. Bank, TriHealth, ITT Educational Services, Fitworks and ADT Security Services.