Cincinnati, Ohio

Despite recent slugishness in the commercial real estate investment markets, Colliers Turley Martin Tucker (CTMT) is pleased to announce that the O'Connell Bender & Powers (OBP) Team has closed three sale transactions totaling $4,546,230 in the space of just two weeks. Mike Sullivan, CCIM, along with partners, Jim O'Connell, CCIM, Jeff Bender, CCIM, SIOR, and Tom Powers, CCIM, SIOR, represented MBK II LLC in the sale of Bob Sumerel's 8,497 SF Milford, OH location on 1246 State Route 28 to WFJ Route 28 LLC for over $1.7 million. In a second transaction, the team, with efforts led by Sullivan, was responsible for representing WFJ St. Louis LLC in the purchase of a 7,000 SF Advance Auto retail location at 1315 Jungerman Rd., St. Peters, MO from Sidewinder LLC for $1,677,000 or $239.57 per square-foot. Finally, in a third transaction, Sullivan and team represented WFJ West Chester LLC in the acquisition of a 34,674 SF 30-year ground lease at 8306 Cincinnati-Dayton Rd from Neyer Properties, Acquisitions, Ltd for $1.1 million.

The Cincinnati-based team of O'Connell Bender & Powers is a highly successful group consisting of five real estate professionals who offer a focused team approach with services in the investment and industrial specialties. Together they have provided innovative solutions through superior market knowledge, efficiency, and execution. Mike Sullivan, Second Vice-President, specializes in private marekt properties ($1-10 million) throughout the Midwest, focusing primarily on the Greater Cincinnati area. Working as part of the O'Connell Bender & Powers Investment Team, Mike has worked with clients such as Al. Neyer, Inc., Core Resources, RGW Development, First Industrial, and many private investors.

About Colliers Turley Martin Tucker

Colliers Turley Martin Tucker recently completed the consolidation of its ownership structurewith Cassidy & Pinkard Colliers, Colliers Pinkard, and Colliers ABR, forming a holding company that is one of the nation's largest commercial real estate service firms. The consolidated entity operates in all 50 states, completes more than $13 billion in worldwide transactions annually, and manages more than $30 billion in real estate. The holding company's portfolio totals 300 million square feet under property management, 210 million square feet of space for lease, and $5 billion in capital markets transactions annually. The Corporate Solutions division sustains more than 20,000 locations for Fortune 1,000 companies and delivers a new location "Every 80 Minutes." Colliers is the top-ranked real estate firm on the Global Outsourcing 100 companies list, IAOP Top 100. For more information about Colliers International, a worldwide affiliation of independently owned and operated companies visit www.colliers.com.

Contact Information

Flannery Higgins

(513) 763-3006 or fhiggins@ctmt.com 

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