Key Takeaways
- • New Haven REIT, the real estate investment trust subsidiary of Morgan Stanley, closed a $65 million acquisition of a recently expanded, fully occupied industrial facility in Williamsburg Township, east of Cincinnati, per the Cincinnati Business Courier.
- • The seller was Prologis, described as the world's largest industrial real estate company; the sale was completed in July 2026.
- • The 730,080-square-foot warehouse and distribution building sits on 47 acres at 3001 Afton Drive, just east of Batavia, and is leased to furniture maker MillerKnoll.
- • The transaction is tied for the second-largest commercial real estate sale in the Cincinnati region in 2026, according to the Cincinnati Business Courier's ranking.
- • The deal reflects continued institutional demand for stabilized, fully leased industrial assets in the Cincinnati market.
Summary
New Haven REIT, a real estate investment trust subsidiary of Morgan Stanley, closed a $65 million transaction in July 2026 to acquire an industrial facility east of Cincinnati, according to the Cincinnati Business Courier. The seller was Prologis, which the publication describes as the world's largest industrial real estate company.
The asset is a 730,080-square-foot warehouse and distribution building on 47 acres at 3001 Afton Drive in Williamsburg Township, just east of Batavia. The property had recently been expanded and was fully occupied at the time of sale. Prologis led an August 2025 groundbreaking for the expansion of the building, which is occupied by furniture manufacturer MillerKnoll. Representatives from Prologis, MillerKnoll, Paul Hemmer Co., Williamsburg Township and Clermont County attended that event.
The Cincinnati Business Courier ranks the transaction among the region's largest commercial real estate sales of 2026, with the MillerKnoll deal tied for second place. The publication's regional ranking places the sale alongside other significant transactions in the market during the year.
The transaction underscores continued institutional appetite for stabilized, fully leased industrial real estate in the Cincinnati region, where large-format distribution assets continue to attract capital from well-capitalized buyers.
The asset is a 730,080-square-foot warehouse and distribution building on 47 acres at 3001 Afton Drive in Williamsburg Township, just east of Batavia. The property had recently been expanded and was fully occupied at the time of sale. Prologis led an August 2025 groundbreaking for the expansion of the building, which is occupied by furniture manufacturer MillerKnoll. Representatives from Prologis, MillerKnoll, Paul Hemmer Co., Williamsburg Township and Clermont County attended that event.
The Cincinnati Business Courier ranks the transaction among the region's largest commercial real estate sales of 2026, with the MillerKnoll deal tied for second place. The publication's regional ranking places the sale alongside other significant transactions in the market during the year.
The transaction underscores continued institutional appetite for stabilized, fully leased industrial real estate in the Cincinnati region, where large-format distribution assets continue to attract capital from well-capitalized buyers.
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