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Shelbourne Global Solutions Acquires 256,000-SF Office Portfolio in Suburban Cincinnati

Central Parke Sells for $23 Million
January 19, 2018
New York City-based Shelbourne Global Solutions, a real estate investment company, acquired a 256,162-square-foot, three-building portfolio in Norwood, OH from Viking Partners for nearly $23 million, or approximately $90 per square foot.

The portfolio included Central Parke Buildings I, II and III, located at 4600 Montgomery Rd., 2100 Sherman Ave. and 4650 Montgomery Rd., respectively. Central Parke is home to such tenants as 4C for Children, Convergys and CDK Global, which occupies more than 80,000 square feet in the park.

Central Parke places tenants in close proximity to Interstates 75, 71 and 74 and sports more than 650 parking spaces. The portfolio has approximately 15,000 square feet available for lease, exclusively represented by Cushman & Wakefield, and was 93 percent occupied at the time of sale, according to CoStar information.

Jim O’Connell, Tom Powers and Michael Sullivan of Cushman & Wakefield represented the seller.

Please see CoStar COMPS #4096073 for more information on this transaction.
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