CAI Investments: Ivorydale, St. Bernard

Latest Podcast 5177 Spring Grove Ave
Prospective Expansion
Prospective future expansion capacity
Operated by:

CAI Investments: Ivorydale, St. Bernard

Utility Provider: Duke Energy Ohio
Lot Size: 17 acres

Site History

  • March 2022: CAI Investments bought the 16.9-acre property for about $35.9 million.
  • 2026: St. Bernard adopted a 12-month moratorium on new data centers. The CAI application predates it.
  • October 2026: The owner asked the Board of Zoning Appeals to table its request.

Project Profile

  • Owner: CAI Investments
  • Site: part of the former Procter & Gamble Ivorydale soap plant, St. Bernard, Hamilton County
  • Plan: a data center of about 140,000-150,000 sq ft inside an existing building, about 15% of the site
  • End user: not named

Map and Nearby Locations

5177 Spring Grove Ave
CAI Investments Sites
Nearby Facilities

Sites within 15 miles of CAI Investments: Ivorydale, St. Bernard

Distance Site About
3.07 miles Encore Technologies NOR1
Encore Technologies' NOR1 data center sits at the company's headquarters at 4620 Wesley Avenue in Norwood, Ohio. The colocation facility offers 2N power, N+1 cooling and SOC 2 Type II compliance.
3.85 miles WiredRE: i74 Wired
i74 Wired is a 65,000 sq ft multi-tenant office campus at 2300 Montana Avenue in Cincinnati with a first-generation enterprise data center. Built in 1973 as the headquarters of Cincom Systems, it was relaunched as i74 Wired around 2016 and was put up for sale in 2026.
4.99 miles Lumen Cincinnati 1 (400 Pike)
5.00 miles HPC Data CenterInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us
5.04 miles altafiber: 209 W 7th
altafiber's (formerly Cincinnati Bell) main telephone exchange occupies the 1931 Cincinnati and Suburban Telephone Company Building at 209 West 7th Street in downtown Cincinnati. It stands next to CyrusOne's CIN2 carrier hotel.
5.04 miles CyrusOne Cincinnati 7th Street
CyrusOne's CIN2 is Cincinnati's primary carrier hotel and switching facility, at 229 West 7th Street downtown. The 12-story building stands next to altafiber's (formerly Cincinnati Bell) main telephone exchange.
5.05 miles DataCanopy: Cincinnati, OH
Located in downtown, the CIN2 data center facility is used for production colocation, backup and recovery, and business continuity.
5.13 miles H5 Cincinnati II
The 107,000 SF Cincinnati data center was originally developed by PNC Bank
5.19 miles Verizon: 1200 W 8th
5.28 miles Lumen Cincinnati (1428 West 8th)
5.34 miles DartPoints: Cincinnati, OH
Conveniently located in the heart of Cincinnati, CVG01 provides immediate access to dense fiber routes and core network infrastructure.
5.43 miles H5 Cincinnati 360 Gest
The Cincinnati data center is home to several metro, long haul and telecommunications access providers such as AT&T, Inteliquent, Windstream and Zayo.
5.44 miles Cogent: 1120 W 6th
6.30 miles altafiber: Evendale
altafiber (formerly Cincinnati Bell) central office at 10000 Reading Road in Evendale, Ohio. The 1963 building houses the switch that is becoming altafiber's single voice core as older switches retire.
7.54 miles Cogent: Sharonville
7.57 miles CyrusOne Cincinnati-Carver Road (CIN99)
Enterprise data center at 9935 Carver Road in Blue Ash, Ohio, owned by The Kroger Co. CyrusOne listed the facility as CIN99 in its 2024 Ohio portfolio.
8.20 miles CyrusOne Cincinnati-Blue Ash
10.08 miles Encore Technologies BLU1
10.17 miles Flexential Cincinnati 1 and 2
The Flexential sites are former Peak 10 facilities.
10.74 miles CyrusOne Cincinnati-Goldcoast
Former CyrusOne colocation site (CIN98) at 11500 Goldcoast Drive in Sycamore Township, Ohio. The building sold to a new owner in 2019, and CyrusOne no longer operates the site.
10.82 miles Lumen Cincinnati 4
12.49 miles GE Aerospace: Cincinnati Data Center
Enterprise data center at 8700 Governors Hill Drive in Symmes Township, near Cincinnati, Ohio, leased to General Electric. The 69,826 sq ft building dates to 1985 and sold to a new owner in 2021.
13.60 miles CyrusOne Cincinnati-Mason
14.77 miles LightHouse: Hamilton, OH
Withdrawn hyperscale data center proposal on a 29-acre city-owned parcel at 1380 University Boulevard in Hamilton, Ohio. Logistix Property Group started the project in 2024. LightHouse Data Centers and its parent Wharton Equity Partners took it over in 2025 and ended the city development agreement in May 2026.
14.77 miles CyrusOne Kentucky
Although the data center is in Florence Kentucky, it is close to downtown Cincinnati.
14.90 miles CenterGrid: Hamilton
CenterGrid operates a colocation data center in the Vora Technology Park building at 101 Knightsbridge Drive in Hamilton, Ohio. The facility runs on City of Hamilton power with redundant feeds and two diesel generators.
14.90 miles CyrusOne Cincinnati-Hamilton
CyrusOne's CIN4 data center occupies about 83,000 sq ft of the Vora Technology Park building at 103 Knightsbridge Drive in Hamilton, Ohio, 30 minutes north of downtown Cincinnati. Miami University bought the building in 2024.
16.46 miles Crane: Pierce Township, OH
Crane Data Centers has proposed a three-building data center campus on about 294 acres of wooded hillside in Pierce Township, Clermont County, Ohio, across US 52 from the former Beckjord power plant. The township trustees oppose the plan, and a township moratorium on data centers runs to May 2027.
18.51 miles Valley PrimeInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us
19.38 miles Core ParkInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us
19.48 miles Prologis: Cincinnati, Ohio
Prologis is building Project Mila, a four-building data center campus of about 899,000 sq ft on 144 acres off Arnold Brown Industrial Drive in Trenton, Ohio, for Amazon Web Services. The campus has its own substation, fed from the adjacent Woodsdale 345 kV substation.
19.51 miles SouthInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us
19.57 miles Center PrimeInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us
19.64 miles ParkInterested in this information?Contact us Data center facility details are available on request.Interested in this information?Contact us

Operating Company

Operated by:

CAI Investments is a privately held real estate investment company founded in 2011 by Christopher Beavor and based at 1925 Village Center Circle in Las Vegas, Nevada. It finances, develops and manages commercial property across the United States and sponsors Delaware statutory trust (DST) offerings for 1031 exchange investors, sold through the broker-dealer Emerson Equity LLC. Its portfolio has included manufacturing plants in Illinois, South Carolina and Ohio, hotels such as the Westin in Tempe, Arizona, and net-leased property for tenants such as Cabela's and Pactiv.

In Ohio, CAI Investments Healthcare Products I DST owns the former Procter & Gamble Ivorydale plant at 5177 Spring Grove Avenue in St. Bernard, near Cincinnati, a 650,000-square-foot manufacturing property.

CAI Investments History:

  • In January 2024, CAI converted its $182 million Manufacturing Essential Asset DST offering, which owns a 1.5-million-square-foot former Motorola campus in Harvard, Illinois, to a Rule 506(c) offering.
  • In June 2022, CAI fully subscribed CAI Investments Healthcare Products I DST, which raised $25.8 million toward the $46.6 million St. Bernard, Ohio manufacturing property.
  • Founded in 2011 in Las Vegas.
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