i3 Investors Acquires Union Circle Commerce Center
CINCINNATI, OHIO. – 03/18/2025 i3 Investors, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the Midwest and Southeast United States, is pleased to announce the acquisition of Union Circle Commerce Center, a 124,000-square-foot industrial property consisting of two prime buildings in Cincinnati’s northern industrial submarket. This acquisition marks a significant step in the company’s Midwest expansion strategy. i3 Investors now owns and operates a dozen properties in the Cincinnati market.
i3 Investors will reposition the property by enhancing the aesthetic appeal, reconfiguring the interior of several suites, and improving functionality by increasing loading capacity. These upgrades will broaden the building’s appeal and increase the property’s value.
The transaction was facilitated by Keith Yearout of Newmark, whose expertise was essential to finalizing the deal. “The property's infill location, below-market rents coupled with a purchase price well below replacement cost provides a unique opportunity to deliver strong returns to our investors,” said Chip Barnes, Co-Founder of i3 Investors. David Ross of District Capital secured project financing from Ameritas on behalf of i3 Investors.
Matt Dickerson, Chief Investment Officer of i3 Investors, emphasized the strategic value of the acquisition. “This new asset enhances our presence in the Midwest and expands our Cincinnati portfolio, positioning us for additional growth,” he said.
The addition of Union Circle Commerce Center reflects i3 Investors’ commitment to scaling its operations across the Midwest and Southeast United States. The company’s recent acquisitions place it on track for continued growth into 2025.