CORFAC News

June 3, 2011 (RICHWOOD, KY) - Henkle Schueler/CORFAC International, has formed an investor group, Interstate Richwood Farm, LLC, to purchase a 29.5 acre retail site for $1.875 million in Boone County. The site is located off the Richwood exit (Exit 175) of I-71/75, and is ideal for restaurants, office, hotels and other retailers. The land is near and directly in front of the new Holiday Inn Express and is visible from the interstate.“More than 100,000 cars pass by and see this location daily,” stated Jeff Eichhorn, senior commercial real estate agent with Henkle Schueler, who represented the investors in the purchase. “Combining the value of interstate visibility with all utilities in place will bring more retail and development to Boone County.”Henkle Schueler will manage and sell the property for Interstate Richwood Farm, LLC and plans to market multiple retail lots for future users, such as restaurants, banks, hotels, grocers, and office users. This site is a centrally located retail hub - 17 miles south of downtown Cincinnati, 20 miles north of the future Noah’s Ark Theme Park, and 25 miles west of the Kentucky Speedway. Henkle Schueler also represents the Lakeland Business Center, a 130-acre industrial park near the Greater Cincinnati International Airport.  “This purchase continues our Kentucky expansion,” said Joe Kramer, executive vice president of Henkle Schueler/CORFAC International. “We look forward to bringing new business to Northern Kentucky and future opportunities to continue our growth in Ohio, Kentucky, and Indiana.”  Henkle Schueler has successfully assembled more than 100 syndicated land developments totaling more than 8,000 acres during its 76 years of operations. The company currently manages and markets more than 2,000 acres in the region, including 17 business parks.In addition to this recent transaction, in 2010 Henkle Schueler & Associates joined Corporate Facility Advisors - CORFAC International, a network of independent commercial real estate brokers with offices in 76 markets in North America and more than 150 around the world. Some additional points about The Interstate Richwood Farm property:•  Nearly ½ mile of direct frontage to merged I-71 / 75 with more than 100,000 vehicles passing by daily.•  Has more than 3,000 feet of public roads – Frogtown Connector and Frontage - with utilities and zoning in place.  •  NKY’s most exclusive neighborhood is just west of the site – Triple Crown, and demographic data is strong –   one mile average-area household income is $141,995.  •  Boone County is the fastest growing county in Kentucky and one of the 100 fastest growing counties in the US. •  Low tax rates are favorable for business development.For additional information about Henkle Schueler/CORFAC, visit www.hsabh.com