TIC investors make Cincy purchase

Triple Net Properties LLC represented tenant-in-common investors in the purchase of a 176,896-square-foot office building in Cincinnati, Ohio.

The value of the transaction was not disclosed.

The building, One Northlake Place, is a multitenant property located at 11500 Northlake Drive. It was constructed in 1986 with four stories (plus basement) on more than 10 acres, and was renovated in 1998.

At the time of sale, the building was 88.7 percent leased to tenants that included VITAS Innovative Hospice Care, Radiant Research and Black & Veatch Corp.

MVRL Investments LP, a California limited partnership, sold the property.

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