{"id":1004170250,"date":"2017-03-24T05:01:13","date_gmt":"2017-03-24T13:01:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170250"},"modified":"2022-12-08T18:50:16","modified_gmt":"2022-12-09T02:50:16","slug":"massive-redevelopment-site-up-for-sale-near-cincinnati","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/massive-redevelopment-site-up-for-sale-near-cincinnati\/","title":{"rendered":"Massive Redevelopment Site Up for Sale near Cincinnati"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004170254\" style=\"width: 451px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004170254\" data-attachment-id=\"1004170254\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/massive-redevelopment-site-up-for-sale-near-cincinnati\/thompson\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg\" data-orig-size=\"800,600\" 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=\"Thompson\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg?w=800\" class=\"wp-image-1004170254\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg\" alt=\"John Thompson, managing director, NGKF\" width=\"441\" height=\"331\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/Thompson.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 441px) 100vw, 441px\" \/><\/a><p id=\"caption-attachment-1004170254\" class=\"wp-caption-text\">John Thompson, managing director, NGKF<\/p><\/div>\n<p><strong>Forest Park, Ohio<\/strong>\u2014Newmark Grubb Knight Frank\u2019s (NGKF) Cincinnati Commercial Real Estate has been appointed as the exclusive broker in the sale of Forest Fair Village, a 1.9-million-square-foot shopping mall located in Forest Park.<\/p>\n<p>\u201cOur intention is to market this much further out than retail because we do not believe it\u2019s a retail site anymore, but it\u2019s extremely well located,\u201d John Thompson, NGKF\u2019s managing director, told <em>Commercial Property Executive<\/em>. \u201cIt has very good access, 90 acres and all the infrastructure is there. It\u2019s right on the 275 Circle and very accessible to the entire Midwest.\u201d<\/p>\n<p>The property, also known as Forest Fair Mall, consists of approximately 90 acres in the northwest region of Cincinnati. The site offers redevelopment possibilities, including office, governmental, high-tech, light industrial, residential, medical, sports and recreation or educational concepts.<\/p>\n<p>\u201cWe think there are large users who will find a site like this attractive,\u201d Thompson said. \u201cThe redevelopment opportunities are countless and we expect we will have interest from a multitude of types of users. Furthermore, investors will benefit from the highly-competitive sales price and visible highway location, offering easy access to the entire Midwest.\u201d<\/p>\n<p>Located at 1047 Forest Fair Drive., in the northeast quadrant of the Interstate-275\/Winton Road interchange, Forest Fair Village offers nearly 2,000 feet of highway frontage which carries daily traffic of more than 97,000 vehicles.<\/p>\n<p>Interest in the property has already started to pick up and Thompson believes something could happen quickly.<\/p>\n<p>\u201cIt was once the largest mall in the market, but because of its location, sandwiched between Tri-County Mall to the East and Northgate Mall to the West, it really never took off,\u201d Thompson said. \u201cIn that area there are hotels, a Wal-Mart and some other retail. There\u2019s some very large employers up that way and we think there\u2019s a good employment base around there.\u201d<\/p>\n<p>Originally developed in 1989 as a high-end mall, Forest Fair Village features approximately 4,000 surface lot parking spaces and an additional 2,702 spaces in a three-level parking garage.<\/p>\n<p>The property also includes two, 50-foot pylon signs facing I-275 with multiple tenant panels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forest Fair Village consists of approximately 90 acres and is located in the northwest region of the metro.<\/p>\n","protected":false},"author":451,"featured_media":1004170254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21782,21808,13,21742,21749],"tags":[32845],"class_list":["post-1004170250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-development","category-featured","category-midwest","category-latest","category-retail","tag-ngkf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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