{"id":1004594240,"date":"2022-07-29T03:34:12","date_gmt":"2022-07-29T11:34:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004594240"},"modified":"2022-12-08T20:18:50","modified_gmt":"2022-12-09T04:18:50","slug":"suburban-cincinnati-office-portfolio-trades","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-cincinnati-office-portfolio-trades\/","title":{"rendered":"Suburban Cincinnati Office Portfolio Trades"},"content":{"rendered":"<div id=\"attachment_1004594249\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004594249\" data-attachment-id=\"1004594249\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/suburban-cincinnati-office-portfolio-trades\/summit-woods\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg\" data-orig-size=\"891,669\" 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=\"SUMMIT Woods\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Summit Woods. Image courtesy of Marcus &#038; Millichap&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg?w=891\" class=\"wp-image-1004594249 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg 891w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004594249\" class=\"wp-caption-text\">Summit Woods. Image courtesy of Marcus &amp; Millichap<\/p><\/div>\n<p><strong>Shelbourne Global<\/strong> has acquired Summit Woods, a two-building portfolio totaling 214,570 square feet of office space in Sharonville, Ohio, a Cincinnati suburb. <strong>Marcus &amp; Millichap<\/strong> procured the buyer and represented the seller, a private owner who sold the assets for $22 million. According to CommercialEdge data, the properties are subject to $19.8 million loan, originated by <strong>First Financial Bank<\/strong>.<\/p>\n<p>Located at 50 and 400 E. Business Way, the buildings are roughly 18 miles from downtown Cincinnati and close to Interstate 275. Large businesses within a 6-mile radius include a Ford Motor Co. plant, General Mills and UnitedHealth Group.<\/p>\n<p>The two four-story buildings completed in 2006 and 1015 occupy some 12 acres in total. Summit III is occupied by a mixture of tenants, ranging from startups to companies in the medical and education fields, including Clarify Wealth Management, QC Software and Brixey &amp; Meyer. Summit Wood IV is home to Shoptech Software.<\/p>\n<p>The Marcus &amp; Millichap team included Senior Managing Director Joseph DiSalvo, Senior Associate David Peirce and First Vice President Alexander Nulf.<\/p>\n<p>The office sector continues to be affected by the crosswinds of hybrid work and more recent economic turbulence. Nonetheless, office-using sectors of the U.S. economy added <a href=\"https:\/\/www.commercialsearch.com\/news\/office-conversions-off-to-a-slow-start\/\">100,000 jobs in June<\/a>, for a total of roughly 1.6 million for the first two quarters of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &amp; Millichap brokered the transaction of the two buildings.<\/p>\n","protected":false},"author":2829,"featured_media":1004594249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,22251,21783,21742,10,21747],"tags":[51613,34836,33634],"class_list":["post-1004594240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-in-focus","category-investment","category-latest","category-northeast","category-office","tag-first-financial-bank","tag-marcus-millichap","tag-shelbourne-global-solutions"],"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>Suburban Cincinnati Office Portfolio Trades - CPE<\/title>\n<meta name=\"description\" content=\"Shelbourne Global acquired a portfolio of two office assets, totaling roughly 200,000 square feet, in Cincinnati, Ohio, for $22 million.\" \/>\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\/suburban-cincinnati-office-portfolio-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Cincinnati Office Portfolio Trades\" \/>\n<meta property=\"og:description\" content=\"Shelbourne Global acquired a portfolio of two office assets, totaling roughly 200,000 square feet, in Cincinnati, Ohio, for $22 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suburban-cincinnati-office-portfolio-trades\/\" \/>\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=\"2022-07-29T11:34:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:18:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/SUMMIT-Woods-e1659017400342.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"891\" \/>\n\t<meta property=\"og:image:height\" content=\"669\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\\\/suburban-cincinnati-office-portfolio-trades\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-cincinnati-office-portfolio-trades\\\/\"},\"author\":{\"name\":\"Madalina Pojoga\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7ced0369df035c845a1e5d647c62dd7a\"},\"headline\":\"Suburban Cincinnati Office Portfolio Trades\",\"datePublished\":\"2022-07-29T11:34:12+00:00\",\"dateModified\":\"2022-12-09T04:18:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-cincinnati-office-portfolio-trades\\\/\"},\"wordCount\":224,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-cincinnati-office-portfolio-trades\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/07\\\/SUMMIT-Woods-e1659017400342.jpg\",\"keywords\":[\"First Financial Bank\",\"Marcus &amp; 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