Group 102 – Hillwood Park 275
Fairfield, Ohio
$36.8M
EB-5 Loan
$76.4M
Total Project Spending
557
Estimated Jobs from Development & Contruction
21.09%
Job Creation Buffer
12.11
Jobs Per Investor
The Group 102 Project
A Build-to-Suit Logistics Facility located within a
Qualified Targeted Employment Area (TEA)
Hillwood Park 276
Hillwood Park 275 will involve the development and construction of a Class-A, ~715,736 square foot (66,494 square meters) build-to-suit distribution facility in Forest Park and Fairfield, Ohio.
The project is situated on approximately 60 acres (24.3 hectares) northeast of the intersection of Interstate 275 and South Gilmore Road, spanning portions of Forest Park and Fairfield. The site is part of Cincinnati’s Tri-County (Northwest) submarket and was formerly home to the Forest Fair Shopping Mall.
Hillwood Venture Build-to-Suit (BTS)
Hillwood has already commenced its pre-construction phase and is currently completing site demolition. Upon completion, the Hillwood Park 275 development will deliver ~715,736 square feet (66,494 square meters) of industrial space, with capacity for an additional ~164,000 square feet (15,236 square meters) of future expansion.
As part of the redevelopment, Hillwood has secured multiple state and local development incentives. These include a $7.9 million Ohio Department of Development demolition grant to reimburse eligible demolition costs, a $2 million JobsOhio Ohio State Inventory Program (OSIP) grant, and a 15-year, 75% tax abatement from the City of Forest Park.
CMB & Hillwood Relationship
46
CMB/Hillwood
Partnerships
24
Partnerships with
I-829 Approvals
27
Partnerships with
Loan Repayment
$600M+
In Loan Repayment
PROJECT TIMELINE
- Lease Execution: Complete
- Site Plan Approval: July 21, 2025
- Land Acquisition: August 1, 2025
- Demolition Begins: September 2025 – April 2026
- Mass Grading: May – July 2026
- Vertical Construction Begins: July 2026
- Substantial Completion: May 2027
