A Chicago-based nonprofit is transforming the former Messer headquarters building in Bond Hill into a charter elementary school. ReGeneration Schools, which operates six K-8 schools on three campuses in Chicago, will open an elementary school in the former Messer headquarters at 5158 Fishwick Drive. The K-4 charter school will welcome its first classes this fall with 180 kindergarten and first-grade students and 15 teachers. At capacity, it will hold 434 students in grades K-4. Digger Daley, director of Cushman & Wakefield, represented Messer in the sale. Tori Stefanou, senior director of Cushman & Wakefield, represented ReGeneration Schools.
One of the largest branding firms in Greater Cincinnati has consolidated its headquarters to one space downtown. Hyperquake has signed a long-term lease for about 9,000 square feet of space in the Edge Building, located at 310 Culvert St. The building was already home to Brand Experience, which Hyperquake acquired in 2018. Colin Crotty, CEO of Hyperquake, said the firm was looking to consolidate its office in the Textile Building at 205 W. Fourth St. with Brand Experience’s and “fell in love with where they were.” Hyperquake currently has 43 employees, plus three co-ops and three more open positions. Crotty anticipates having just under 50 employees by the end of the year. Jordan Weidner, executive director with Cushman & Wakefield, represented Hyperquake in the lease. Digger Daley, director with Cushman & Wakefield, represented the landlord.
A growing immigration law firm is moving to a new location in downtown Cincinnati, increasing its space by 50%. Musillo Unkenholt LLC has signed a long-term lease for a little over 9,000 square feet of space in 302 W. Third St. The firm will be relocating from its existing office in the Textile Building in October 2019. The firm is moving from a 6,000-square-foot space at 205 W. Fourth St. Musillosaid he liked their current space in the Textile Building and wanted to stay in the southwest portion of downtown Cincinnati. The space at 302 W. Third St. is a recently renovated office with views of Fort Washington Way and Paul Brown Stadium. Digger Daley, director with Cushman & Wakefield, represented the landlord.
A Greater Cincinnati towing company is transforming a former Walgreens into a modern workplace. INA Towing Network LLC, which specializes in towing and recovery for fleet trucks, has begun moving from its current location at 6801 Power Line Drive in Florence to a 14,409 square-foot office space in the Fort Wright Plaza at 1969 Dixie Highway in Fort Wright. The company will initially house 24 employees in the space and plans to hire six additional employees within nine months. INA has tracked an average revenue growth rate of 20 percent over the last three years, according to Rochester. Joe Janszen with Cushman and Wakefield represented the landlord, WestEv Fort Wright, LLC.
One of the largest, and fastest-growing, private companies in Greater Cincinnati has signed a lease to greatly expand its offices. Paycor Inc., a provider of human resources, payroll, time, recruiting, benefit administration and other services to more than 30,000 medium and small businesses, signed a lease for about 70,000 square feet of space in the Central Parke I building at 4600 Montgomery Road in Norwood. Stacey Browning, president at Paycor, said the additional office space will provide room for new employees. Some of Paycor’s existing teams are expected to move to Central Parke I this summer. “We’re committed to expanding our headquarters and the size of our footprint in Cincinnati and are very excited about the positive impact this growth will have on our business,” Browning said. Peter Snow, executive director with Cushman & Wakefield, represented Paycor in the lease. Travis Likes, John Eckert and Scott Yards with CBRE, were the listing agents for CDK Global, which is subleasing [...]
The largest engineering firm in the country is moving about 400 high-paying jobs to Sharonville. Jacobs Engineering Group Inc. (NYSE: JEC) has signed a long-term lease for 68,000 square feet of space in Neyer Properties’ Two Crowne Point building. The company is scheduled to relocate its local headquarters from Forest Park to Sharonville on Jan. 1, 2020. Currently, Jacobs is located at 1880 Waycross Road. Chris Xeil Lyons, economic development director for the city of Sharonville, said this is the biggest economic development project in the community in more than a decade in terms of payroll and job creation. “It’s going to be a game-changer for the city,” Lyons told me. It also marks a boost to the city’s Northern Lights District, an area of Sharonville that includes a mix of office buildings, hotels and the city’s convention center. “Hopefully this helps us in our search to secure more restaurants in the [...]
Cincinnati Center City Development Corp. has selected Cushman & Wakefield’sretail team of Terry Ohnmeis and Andrew Sellet to market space at Fountain Place and 4th & Race. Both redevelopment projects are expected to provide a boost to downtown Cincinnati’s revitalization. Combined, the two projects will have about 35,000 square feet of street-level retail space available for lease. Joe Rudemiller, spokesman for 3CDC, said the nonprofit developer is looking for new-to-market, high-profile concepts for both properties. “We want to find people we are confident will do an excellent job and live up to the high expectations we have for these spaces,” Rudemiller said. 3CDC selected Ohnmeis and Sellet to help find the right operators because of their experience, knowledge and connections. Ohnmeis, director with Cushman & Wakefield and a downtown resident, said he has to temper his excitement about what’s happening in downtown Cincinnati when marketing outside of the city. “I live downtown, I see this [...]
Neyer Properties Inc., one of the largest and most active commercial real estate companies in Greater Cincinnati, relisted all of its urban core office properties with one commercial real estate firm. Evanston-based Neyer Properties selected the Cushman & Wakefield team of Scott Abernethy, Digger Daley and Michelle Klingenberg as the leasing agents for its Central Business District, Queensgate and Walnut Hills office buildings. Daley, director with Cushman & Wakefield, said they had worked on two of Neyer Properties' urban office buildings for a number of years. After Neyer Properties saw success by moving to one commercial real estate firm for its Blue Ash office portfolio, the company wanted to replicate that in the Central Business District and surrounding areas. Cushman & Wakefield started marketing the entire CBD and surrounding portfolio at the beginning of March.
One of the largest logistics firms in Greater Cincinnati has purchased a building in downtown Cincinnati for its headquarters. Stett Transportation, which is currently based in Fort Mitchell, purchased the building at 110 E. Eighth St. from Brett Goodson for $505,000. Lynn Anstett, founder and CEO of Stett Transportation, said the company had outgrown its current space. Anstett wanted to move the company to the Central Business District because she lives downtown and was attracted to the other investment taking place in the core. Anstett plans to modernize and update the building. She is working with Furlong Building Enterprise on the renovations, which will include knocking down walls, raising the ceilings, exposing duct work and making a more creative and open space. In total, Anstett said the move will be an investment of about $1 million. Digger Daley, director with Cushman & Wakefield, represented the seller. Read the full article here. [...]
Two new tenants are coming to the Banks development on downtown Cincinnati’s riverfront. Planet Fitness and Smoothie King are expected to open on Second Street in May 2019. Planet Fitness, one of the largest and fastest-growing franchisors in the U.S., will open in 14,513 square feet adjacent to the 1,530-square-foot Smoothie King location. Emily Bevis of Jeffrey R. Anderson Real Estate Inc. represented the development owners in the transaction, while Andrew Sellett of Cushman Wakefield represented the tenants. Click here to read more.