Rubenstein Buys 610K in Downtown Cincy

CINCINNATI—A joint venture partnership that includes Rubenstein Partners, SCP Elm Plum, LLC and Parkway Corp. has just bought two office buildings in the heart of the CBD with a total of about 610,000-square-feet from the partnership of Nashville-based Smith/Hallemann Partners and Birmingham, AL-based Harbert Management Corp. The purchase price was not disclosed.

Smith/Hallemann and Harbert bought the properties, located at 312 Elm St. and 312 Plum St., from Duke Realty Corp. in 2011 as part of a nearly 1-million-square-foot portfolio of buildings in Nashville and Cincinnati. Major tenants in the Cincinnati buildings include KAO USA, The Cincinnati Enquirer, and several federal government agencies.