{"id":1004167584,"date":"2017-02-28T06:30:59","date_gmt":"2017-02-28T14:30:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004167584"},"modified":"2022-12-06T17:13:11","modified_gmt":"2022-12-07T01:13:11","slug":"idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\/","title":{"rendered":"IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<p><strong>Monroe, Ohio<\/strong>\u2014IDI Gazeley and CBRE announced that construction of the 756,000-square-foot bulk warehouse facility Park North at Monroe Building 10 will begin during the first quarter of this year.<\/p>\n<div id=\"attachment_1004167597\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004167597\" data-attachment-id=\"1004167597\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\/park-north-at-monroe_building-10-rendering-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg\" data-orig-size=\"1500,1125\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Park North at Monroe_Building 10 Rendering\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg?w=1024\" class=\"wp-image-1004167597 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg\" alt=\"A rendering of Park North at Monroe Building 10, Ohio\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg 1500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004167597\" class=\"wp-caption-text\">A rendering of Park North at Monroe Building 10, Ohio<\/p><\/div>\n<p>Located midway between Cincinnati and Dayton, Park North at Monroe Building 10 will provide easy access to the I-75. The park is situated within 600 miles of more than 50 percent of the U.S. population. The future facility will offer occupiers numerous sustainability features and an in-place 15-year 100 percent tax abatement on improvements. The building will also be the largest 36-foot clear height availability in greater Cincinnati.<\/p>\n<p>Home Depot (657,600 square feet), Cornerstone Brands (651,515 square feet), SSB Manufacturing (430,668 square feet), Vallen (218,704 square feet), UGN Inc. (232,200 square feet) and Hayneedle (994,013 square feet) are some of the logistics and manufacturing campus\u2019 current tenants. According to CBRE\u2019s latest research, the greater Cincinnati industrial market ended 2016 with more than 5.3 million square feet of positive net absorption, the most since 2005.<\/p>\n<p>\u201cThe park\u2019s success is due to its high-quality logistics facilities and robust infrastructure as well as proactive economic development efforts by the City of Monroe, Warren County and the State of Ohio. The quality of life and strong workforce nearby makes this a tier first location,\u201d said Doug Armbruster, senior vice president &amp; regional director of IDI Gazeley, in prepared remarks.<\/p>\n<p>The distribution facility is expected to be completed and ready for occupancy in early Q4 2017. CBRE\u2019s Jeremy Kraus is in charge of marketing the warehouse for lease.<\/p>\n<p><em>Image courtesy of CBRE <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction at Park North at Monroe Building 10, a warehouse facility, will be underway soon in Q1 2017. <\/p>\n","protected":false},"author":238,"featured_media":1004167597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21782,21748,13,21742,21786],"tags":[32789,34075],"class_list":["post-1004167584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-development","category-industrial","category-midwest","category-latest","category-sustainability","tag-cbre","tag-idi-gazeley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park\" \/>\n<meta property=\"og:description\" content=\"Construction at Park North at Monroe Building 10, a warehouse facility, will be underway soon in Q1 2017.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-28T14:30:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T01:13:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Park-North-at-Monroe_Building-10-Rendering1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park\",\"datePublished\":\"2017-02-28T14:30:59+00:00\",\"dateModified\":\"2022-12-07T01:13:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/\"},\"wordCount\":274,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/02\\\/Park-North-at-Monroe_Building-10-Rendering1.jpg\",\"keywords\":[\"CBRE\",\"IDI Gazeley\"],\"articleSection\":[\"Cincinnati\",\"Development\",\"Industrial\",\"Midwest\",\"News\",\"Sustainability\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/idi-gazeley-to-add-756-ksf-to-cincinnati-area-industrial-park\\\/\",\"name\":\"IDI Gazeley to Add 756 KSF to Cincinnati-Area Industrial Park - 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