Balanced Property Solutions, a Blue Ash-based property management firm, acquired Reed Hartman Tower at 11353 Reed Hartman Highway from Camelot Associates LP for more than $2.9 million. Beth Harlamert represented the Seller, and Mark Freiberg, CCIM represented the Buyer. Both Advisors for SVN|RICORE.
Reed Hartman Tower is a nearly 57,000-square-foot, five-story office building. The building was built in 1976.
Dan Vollmer, principal of Balanced Property Solutions, said the company was looking for a property it could own as an investment and occupy as it was looking to move to a larger space to accommodate growth. The building is stabilized with about 90 percent occupancy but can be upgraded.