Key Takeaways
- • New Haven REIT, a subsidiary of Morgan Stanley's real estate investment trust platform, closed a $65 million acquisition of a 730,080-square-foot industrial facility at 3001 Afton Drive in Williamsburg Township, east of Cincinnati, in July 2026, according to the Cincinnati Business Courier.
- • The seller was Prologis, described as the world's largest industrial real estate company, and the building was recently expanded and fully occupied at the time of sale.
- • The transaction is tied for second-largest commercial real estate sale in the Cincinnati region in 2026, per a regional ranking reported by the Business Courier.
- • The property is the MillerKnoll distribution hub on 47 acres, a facility the furniture manufacturer's leadership has described as a cornerstone Greater Cincinnati site.
Summary
A New Haven REIT, a real estate investment trust subsidiary of Morgan Stanley, closed a $65 million transaction in July 2026 to acquire a recently expanded and fully occupied industrial facility east of Cincinnati, according to the Cincinnati Business Courier. 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, and it is leased to furniture maker MillerKnoll.
The seller was Prologis, the world's largest industrial real estate company. The Business Courier reported that the sale ranks among the Cincinnati region's largest commercial real estate transactions of 2026. Regional coverage tied the deal for second place on the list of the year's largest sales.
Proloris previously oversaw an expansion of the MillerKnoll building. Representatives from Prologis, MillerKnoll, Paul Hemmer Co., Williamsburg Township and Clermont County attended an August 2025 groundbreaking for that expansion, per the Business Courier. The project's completion before the sale left the asset fully occupied at closing.
Local coverage from WKRC-TV and other outlets reported the same $65 million figure and characterized the transaction in similar terms. Terms beyond the purchase price, including financing structure and cap rate, were not disclosed in the available reporting.
The seller was Prologis, the world's largest industrial real estate company. The Business Courier reported that the sale ranks among the Cincinnati region's largest commercial real estate transactions of 2026. Regional coverage tied the deal for second place on the list of the year's largest sales.
Proloris previously oversaw an expansion of the MillerKnoll building. Representatives from Prologis, MillerKnoll, Paul Hemmer Co., Williamsburg Township and Clermont County attended an August 2025 groundbreaking for that expansion, per the Business Courier. The project's completion before the sale left the asset fully occupied at closing.
Local coverage from WKRC-TV and other outlets reported the same $65 million figure and characterized the transaction in similar terms. Terms beyond the purchase price, including financing structure and cap rate, were not disclosed in the available reporting.
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