SSB Takes 430K in Year's Largest Cincy Deal

CINCINNATI—SSB Manufacturing has just agreed to a long-term lease for 430,668 square-feet at 601 Gateway Boulevard in Park North, a speculative development in suburban Monroe recently completed by IDI-Gazeley. The Atlanta-based mattress manufacturer, which supplies both Serta and Simmons, recently received a state tax credit to expand operations here. It is leaving a 149,000 square-foot space and will occupy IDI’s building later this year.      

SSB was represented in the transaction, the largest lease this year, by CBRE’s Mike Lowe, first vice president, and Tim Schenke, vice president. But finding such a large space is not easy in the Cincinnati metro area. As reported in GlobeSt.com, after a very active 2014 the vacancy rate sank to 4.8% in this year’s first quarter, a historic low.