Hines Lands First Retail Property
By
The Rookwood in Cincinnati
Cincinnati—Hines Global REIT II Inc. has purchased two retail centers in Cincinnati, Rookwood Pavilion and Rookwood Commons. The two buildings operate as a single property, referred to as Rookwood, and have a combined 600,071 square feet of gross leasable space. The acquisition represents Hines Global REIT II’s sixth purchase and is the first retail property in its portfolio. Eastdil Secured represented the seller in the transaction.
Located next to each other on 2699 Edmondson Road and 3805 Edwards Road, the two assets are a few minutes from the I-71. Known as a lifestyle center, Rookwood serves a populated urban trade area from its location approximately 5 miles northeast of the metro’s central business district. The shopping center is in close proximity to the Cincinnati neighborhoods of Hyde Park, Oakley, Columbia-Tusculum and Mount Lookout…
