Specialty Chemical Distributor and Supplier to Join Blue Chip Tenant Roster
with 13,000 SF Lease at Class A Springdale, Ohio Office Building
Skillman, NJ (Sept. 6, 2017) – Fairbridge Properties (“Fairbridge”), a privately owned real estate company, announced today that Azelis—a specialty chemicals distributor and supplier—will join the list of top-tier tenants at Pictoria Tower, located at 225 Pictoria Drive in Springdale, Ohio.
There is up to 30,000 square feet of available space at the 253,000-square-foot, Class A building, where Azelis will occupy approximately 13,000 square feet. While its location, off Interstate 275, near Interstate 75 and Route 4, is ideal for both suburban commuters and residents of Cincinnati itself, the building’s state-of-the-art infrastructure has become a significant draw for world-class tenants, including First Financial Bancorp, Northrup Grumman Corp., Ameriprise Financial, Yusen Logistics, and Ultimus Fund Solutions.
After purchasing Pictoria Tower in May 2016, Fairbridge made a series of significant investments in improving the building’s energy efficiency. Building system enhancements include achieving EnergyStar certification and upgrading frequency drives on the cooling towers as well as installing LED lighting and high-efficiency motors. As a result of these projects, Fairbridge has lowered utility costs, which has allowed the company to pass savings through to Pictoria tenants.
Pictoria Tower also features a seven-story parking deck with a ratio of 4.47/1,000 rentable square feet; a 100-person multimedia conference center; five-passenger elevators; one freight elevator; and a striking two-story lobby with granite flooring, mirror-finish stainless steel, west African makore wood paneling, a granite waterwall and recessed planters around the perimeter.
“We are delighted to welcome Azelis to our great group of tenants at Pictoria Tower,” said Dmitry Gordeev, managing principal of Fairbridge Properties. “It is a thriving company, which reflects Cincinnati’s dynamic and growing economy, and we look forward to a great, long-term partnership.”
Fairbridge was represented in the transaction by Rusty Meyers of JLL; Roddy MacEachen of SqFt Commercial represented Azelis.
Please contact Rusty Meyers for more information, 513-252-2158 or rusty.meyers@am.jll.com.
About Fairbridge Properties
Fairbridge Properties was founded in 2013 by Dmitry Gordeev. Headquartered in Skillman, N.J., Fairbridge acquires, develops and manages commercial properties that range in value from $20 million to $50 million.
Well-known for its in-house asset management expertise and responsiveness to investors’ needs, the company holds a superior track record in acquiring premium central business district (CBD) office buildings, suburban office centers and flex/R&D projects. The tenants in these buildings are primarily Fortune 1000 companies.
Fairbridge’s main goal is to generate, maximize and preserve value for its investors. With this goal in mind, Fairbridge is cost-effective, but at the same time, agile in order to seize marketplace opportunities. The company is strategically positioned to purchase properties below replacement cost in stable yet growing markets with tenants that possess top credit ratings. Through skillful property and asset management, efficient operation and abundant access to capital, the company has consistently maximized profitability for its investors. For more information, visit www.fairbridgeproperties.com.
