CINCINNATI (Cincinnati Business Courier) – At a critical juncture in U.S. manufacturing, a Greater Cincinnati firm has sold and leased back its headquarters facility in a deal worth just under $24 million, which it plans to reinvest into the business.
Cincinnati Inc. in September sold its 500,000-square-foot manufacturing facility on 80 acres at 7420 Kilby Road in Harrison Township for $23.95 million to Tenet Equity, a Scottsdale, Ariz.-based real estate investment trust, according to public records.
Founded as the Cincinnati Shaper Co. in 1898, Cincinnati Inc. is a fourth-generation family-owned business. It constructed the Kilby Road facility in 1952 and employs around 275 there today…