Kenwood Towne Place sells to Bank of America for $27.5M

CINCINNATI - The retail complex you've seen towering over I-71 sold in an auction Thursday.

Bank of America bought Kenwood Towne Place for $27.5 million at the Hamilton County Sheriff's auction.

The building's unfinished office tower is partly occupied with tenants Mitchell's Salon & Day Spa, Crate & Barrel, L.A. Fitness and the Container Store.

Phillips Edison, the national owner and operator of Blue Ash shopping centers, was the only other bidder for the Kenwood retail center.

A Bank of America spokesperson tells 9 News the future of the complex has not been decided.

Stay with 9 News and for more updates.

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