Diamond Properties Makes Impressive Acquisition In Ohio
Diamond Properties is looking to start the new year off with a monumental achievement, acquiring three commercial properties in the greater Ohio area, one of which encompasses the entirety of an industrial property portfolio.
The announcement comes just days after the start of 2024. However, Diamond Properties has worked tirelessly for months to ensure the success of their latest acquisition, and decision-makers within the company are thrilled to finally share their news at long last.
As it stands, the acquisition features more than 704,000 sq ft. of prime industrial real estate in Ohio, and the Diamond Properties team is elated to add these properties to their growing portfolio of real estate developments across the United States.
Inside The Infill Industrial Portfolio
The first but certainly not least of Diamond Properties' acquisitions comes from Infill Industrial Portfolio in Cincinnati. This prolific portfolio includes two single-tenant commercial real estate spaces located at 4700-4750 Creek Rd in Blue Ash and 9345 Princeton-Glendale Rd in West Chester. Combined, the properties make up more than 300,000 sq ft. of industrial and commercial real estate in some of Ohio's most promising districts.
Of course, commercial property is only as promising as its tenancy. Both properties feature a strong 100% tenancy rate held by esteemed companies, including Baxters North American and Overhead Door Company of Greater Cincinnatti, Inc. Diamond Properties looks forward to continuing their track record of prosperity and supporting their tenants with some of the best property management strategies in the country.
A Deeper Look At Leap Road
Along with the Infill Industrial Portfolio, Diamond Properties has also acquired 4081-4199 Leap Rd in Hillard. This sprawling multi-tenant commercial real estate space is currently home to seven tenants, including Yokowo Manufacturing and E-Cycle, Inc. The property encompasses more than 200,000 sq ft. of rentable real estate for current and future businesses, including at least 13 commercial business suites.
Most notably, this particular property is spread across two buildings. Currently, it sits at an 88% occupancy rate, leaving plenty of room for growth and expansion at the hands of Diamond Properties. Built in 1974, the property features more than 400 parking spaces, nine drive-in doors, and ample potential for success.
The Future Of Diamond Properties
While these new acquisitions are certainly exciting, they're far from unusual for Diamond Properties. The commercial real estate management company, which launched in 1995, currently manages more than 125 properties in the United States, including office spaces, medical facilities, manufacturing plants, retail, entertainment, and hospitality services.
At its core, Diamond Properties is an organization driven by its civic responsibility to the communities it services, practicing a hands-on approach to property management that aims to better the lives of both its tenants and the customers who rely on these local businesses. Among its leading initiatives is the usage of solar panels, which has generated more than 7 megawatts of energy for Diamond Properties tenants.
Ultimately, Diamond Properties is on a mission to bring capital upgrades, satisfaction-driven management, and strong market positioning to the Ohio area, and the future looks bright for both the organization and the tenants it now serves.
