April 23, 2020 – JLL Capital Markets announced today that it has completed the sale of Columbia Plaza, a newly renovated, 538,437-square-foot office building in Cincinnati, Ohio.
JLL represented the seller, HighBrook Investors, and procured the buyer, Zamir Equities, LLC.
Columbia Plaza is located at 250 E 5th Street in the heart of Cincinnati’s central business district, which is home to eight Fortune 500 companies. The 29-story tower has a superior location close to demand drivers such as Fountain Square, the entertainment districts of Newport and Covington, as well as The Banks, which is home to the Cincinnati Bengals and Reds. Additionally, Columbia Plaza is proximate to Interstates 71 and 75, two of the major regional thoroughfares. Recently renovated, the 29-story tower boasts a 5,000-square-foot expansion to the lobby, a 3,000-square-foot tenant lounge, conferencing facilities, outdoor plaza with multiple seating areas and a 494-space subterranean parking garage. The 76.2%-leased Columbia Plaza is anchored by Western & Southern.
The JLL Capital Markets team representing the seller was led by Senior Managing Directors Jaime Fink, Jeffrey Bramson and Bruce Miller, Senior Director Patrick Shields and Director Sam Difrancesca.