On December 11, Neyer Properties purchased two downtown Cincinnati Class A office buildings (Centennial Plaza I & III) in auction for $3.5 million, according to Commercial Property Executive. The seller, New Boston Centennial, paid $13 million for the properties in 1999.

Centennial Plaza I (75,000sf) sold for $1.2 million at the auction and was resold on the same day to Jedson Engineering for an undisclosed amount. Neyer Properties plans lease out Centennial Plaza III (175,000sf) following renovations, according to the report.

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Graph: Yardi Syndication Server

Last Updated on December 27, 2012 by Ramin Seddiq