August 2026 – Florence, KY — Waterway Family Funds LLC (“Waterway”) today announced the acquisition of a 180,000-square-foot Class A industrial facility in Cincinnati’s Airport Submarket.
Located on 11.06 acres in Florence, Kentucky, the property was built in 2017 and is 100% leased. The facility features modern industrial specifications, including 32-foot clear heights, abundant loading capacity, ESFR fire protection, LED lighting and ample power capacity.
The property benefits from strong transportation infrastructure and direct proximity to the Cincinnati/Northern Kentucky International Airport (CVG), providing efficient access to the region’s extensive customer base. The location also benefits from a strong labor market and the broader strength of the Cincinnati industrial market.
The tenant, a global automotive technology supplier, specializes in the development and large-scale production of steering systems for passenger cars and commercial vehicles from this site, where they’ve maintained a presence for over 30 years.
Cincinnati’s industrial market continues to benefit from strong fundamentals, including unemployment below national levels, population growth, record leasing activity and relatively tight vacancy, according to Cushman & Wakefield’s Cincinnati Industrial Market Report for Q2 2026.
“This acquisition fits squarely within Waterway’s investment strategy,” said Jeremy Pemberton, Chief Investment Officer of Waterway Family Funds. “The combination of a high-quality Class A asset, a long-term tenant and strong market fundamentals provide stable in-place income and an attractive risk-adjusted return.”
This acquisition marks Waterway’s seventh project, expanding the firm’s acquisition track record to over 510,000 SF of commercial and residential real estate across six states.
About Waterway Family Funds
Waterway Family Funds sources and acquires commercial real estate focused on seeking attractive risk-adjusted returns across diverse asset classes and geographic locations. With principals who have an average of more than 30 years of experience in commercial real estate, the company targets assets that (1) emphasize capital preservation, (2) generate current income, and (3) create long term value. Since 2003, Waterway and its affiliates have financed +$20 billion of real estate transactions and acquired +$16 billion of total real estate value. Waterway Family Funds is affiliated with Waterway Capital LLC, a registered broker-dealer and member FINRA/SEC. To learn more visit waterwaycap.com
