Northmarq completes $12.15M sale of Cold Jet & International Paper in Loveland, OH
Northmarq’s Cincinnati Commercial Investment Sales team led by Ryan Roedersheimer successfully completed the $12.15 million sale of a Cold Jet and International Paper manufacturing facility located at 6283 Tri Ridge Blvd in Loveland, Ohio.
Northmarq represented the seller, Trinity Square TRI Ridge LLC. The buyer was The Steiner Group.
“I couldn’t have asked for a better team to execute this project,” Roedersheimer said. “Rob and the Vandercar team delivered their signature first-class service, positioning the next owner for long-term success. John Neyer’s team at Neyer Management was indispensable, and The Steiner Real Estate Group was exceptional throughout the transaction. This deal was a win for all, and I’m honored to have quarterbacked it. Here’s to many more.”
The Cold Jet & International Paper facility features a 160,846-sq.-ft. multi-tenant facility situated on 32.24 acres. Built in 1995 and renovated in 2022, it is the global headquarters for Cold Jet, LLC and its manufacturing operations. It is 91% occupied with room for a third tenant available.
“It was a pleasure working with Ryan and the entire Northmarq team in completing this complex transaction,” said Stephen Steiner, managing partner at The Steiner Group. “We are pleased to own this beautiful property, and look forward to working with Ryan again in the future.”
