Brennan Investment Group has acquired 34 acres of land at Seward Road and Symmes Road in Fairfield, Ohio. The financial terms were not disclosed.
The plan is to develop two state-of-the-art distribution facilities of approximately 282,000 and 163,000 square feet, respectively, for a total of 445,000 square feet. The greater Cincinnati industrial market is 95 percent occupied, distinguished by its key geographical location and world-class air freight capabilities.
“The land site we acquired is classic infill and will meet the expanding needs of both 3PLs and general retailers and wholesalers,” commented Doug Lance, Brennan’s vice president who has responsibility for multiple Midwestern markets, including Cincinnati, Columbus, and Dayton in Ohio; Indianapolis; and Louisville, Ky. “In addition to the site’s access to I-75 and I-275, the Cincinnati-Northern Kentucky International Airport (CVG) is in close proximity. Because CVG is home to DHL and the new Amazo
