LeSaint Venture LLC, an affiliate of industrial and commercial real estate investment firm Cohen Asset Management Inc., announced this week that it had purchased 8910 Le Saint Drive in Fairfield, OH for $29 million. The name of the seller or terms of the deal were not disclosed.
The industrial building sits in the Westchester submarket of Cincinnati, Ohio on 36 acres of land with over 700,000 square feet of space. The property was 100% leased at the time of sale to KAO USA Inc., operating out of the location for roughly 15 years, and Dawson Group Inc. Dawson Group extended its lease of 50,400 square feet of space in the building earlier this year, according to a Cincinnati Business Courier article. It is a nationwide transportation company that specializes in pharmaceutical, industrial and turnkey fulfillment solutions. Jeff Bender, executive managing director with DTZ in Cincinnati, represented the landlord in that deal.
"We are excited to maintain and expand our industrial footprint in Cincinnati with this acquisition, and we will continue to aggressively seek opportunities to acquire properties that possess superior locations and functionality for the markets they serve," said Brandon Delf, Executive Vice President and CIO of Cohen Asset Management in a statement.
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