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. [...]
Strietmann Center, the largest office building in Over-the-Rhine, continues to add tenants. Parker Williams, a London-based branding/graphics design company, is opening its second U.S. office in Strietmann Center. The company signed a long-term lease for about 4,000 square feet of space in the building at 231 W. 12th St. Everything but the House, the Cincinnati-based online estate sale auction house, also moved its corporate headquarters into about 5,000 square feet of space at Strietmann Center. In addition to adding Parker Williams and EBTH, Saatchi & Saatchi X, a shopper marketing agency that signed a long-term lease for the entire sixth floor of the building last fall, has already expanded. The company signed a lease for the entire fifth floor of the building in addition to its existing space. Click here to read more.
Tire Discounters has purchased a downtown office building that will become home to the growing retailer’s headquarters. An affiliate of Tire Discounters purchased the building at 200 W. Fourth St. from the Greater Cincinnati Foundation for $1.84 million. Jamie Ward, president of Tire Discounters, said the purchase was a strategic decision for the growing company. About 90 Tire Discounters employees will move into the building at 200 W. Fourth St. A little more than half of those 90 employees are already downtown with the balance located in Sharonville. Read more here.
The region’s top commercial real estate professionals honored their own Thursday night at the annual NAIOP Night of the Stars dinner. Office Deal of the Year — The Offices at Vernon Place sale, Mike Sullivan and Tom Powers with Cushman & Wakefield sold the redeveloped Vernon Manor and a new adjacent office building, both of which are leased to Cincinnati Children’s Hospital, to 90 North Partners for $75 million. Retail Deal of the Year — The Shoppes of Anderson Towne Center, a two-building retail center. KZF Design provided architecture, urban design, mechanical, electrical, plumbing and structural engineering. The development includes space for gatherings, music and patio space, as well as a quieter plaza on the interior of the site. Terry Ohnmeis with Cushman & Wakefield lists the property.
The Strietmann Center, a redeveloped historic structure in Over-the-Rhine, has added an office tenant that will take the entire top floor of the building. Saatchi & Saatchi X, a shopper marketing agency, has signed a long-term lease for the entire sixth floor of the building. Saatchi & Saatchi X will be relocating from Blue Ash to the building at 235 W. 12th St. in early 2019. Blake Bartley, senior real estate executive with Urban Fast Forward, represented Saatchi & Saatchi X in the lease, while Scott Abernethy, senior director with Cushman & Wakefield, represented Strietmann Center owner Grandin Properties. Read more...
A fast-growing hospice care provider is moving its offices to Deerfield Township. Queen City Hospice Holdings LLC, which is currently based in Sycamore Township, is moving its headquarters to Governor’s Pointe Office Park. The company signed a five-year lease for 11,443 square feet of space at 4605 Duke Drive. View Article
Listing broker, firm: Joe Janszen, Andrew Sellet and Terry Ohnmeis, Cushman & Wakefield Buyer’s broker, firm: Dan McDonald, Stewart Devitt, Sperry Van Ness | RICORE Investment Management Inc. Price:$1.1 million View Full Article
Emersion Design signed a 10-year lease for 8,500 square feet of space at the Edge Building, located at 310 Culvert St., at the edge of Cincinnati’s Central Business District. View Full Article
One of the largest architecture firms in Greater Cincinnati is moving its headquarters back to the Central Business District. View Full Article