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Market Research Newsletter

Cincinnati, Ohio, June 2010

Market By Market News


• Leslie’s Poolmart, Inc. renewed its lease be staying in its 10,000 SF in the 22,600
on the 146,000 SF office/warehouse SF Capital Center I, Industrial Center 10
facility at 1231 Aviation Boulevard in office/warehouse at 4699 Interstate Drive
Hebron’s Airpark Business Park. in West Chester.

• QC Industries acquired the 57,350 SF


Retail
freestanding building at 4057 Clough
• Cincinnati Premium Outlets, the
Woods Drive in Batavia from Black Cat
400,000 SF outlet mall at Route 63
LP & 2900 North Talman LP for $2.7
and I-75 in Monroe, announced further
million ($47/SF).
additions to its tenant roster debuting by
Office
• The 48,000 SF former Weyerhaeuser fall. They include Joe’s Jeans Inc., New
• Kellogg Sales Co. renewed its lease on
building at 11807 Enterprise Avenue York & Company, Claire’s Accessories,
14,700 SF in the 120,000 SF Woodside
in Sharonville was purchased by Rudd Under Armour, LensCrafters, Lacoste
Center at 6281 Tri-Ridge Boulevard in
Equipment for $2.4 million ($50/SF). and Ann Taylor Loft Outlet. True
Loveland.
Religion is opening in 2011.
• The 46,150 SF Kenwood Commons I at • Camco expanded into another 35,000
SF for a total of 83,000 SF in the • The 500,000 SF Crestview Hills Town
8230 Montgomery Road saw Atos Origin
232,400 SF bulk building at 7130 New Center at I-275 and Dixie Highway will
recommit to 14,000 SF on the first floor.
Buffington Road in Florence. be the first area location of Charming
• In November Systems Evolution, Inc. Charlie. It will open by the end of the
will relocate from 6,300 SF at 5191 • E-BEAM Services, Inc. plans to break year in the 14,000 SF formerly occupied
Natorp Boulevard in Mason to 8,300 ground this fall on a 25,000 SF addition by Entertainment Solutions and Learning
SF in the 100,000 SF Kemper Pointe at to its 64,600 SF facility at 2775 Henkle Express.
7870 East Kemper Road in Blue Ash. Drive in Lebanon.
• USA Collision Centers opened its fifth
• Carepoint Partners LLC took 7,300 • TNT Trucking purchased the 22,600 area location in the 12,710 SF former
SF in the 46,400 SF three-story SF facility at 5100 Duff Drive in West Just Saab dealership at 5449 Dixie
Kenwood Commons II building at 8280 Chester from Worthington Commercial Highway in Fairfield. This has also
Montgomery Road in Kenwood. Properties LLC for $800,000 ($35/SF). become its corporate headquarters.

• Northcreek Mezzanine Fund I LP • The buildings totaling 16,060 SF at 712 • The 11,000 SF former E-Check at 6135
subleased 3,695 SF on the 30th floor in Shepherd Avenue in Lockland were sold Harrison Avenue in Green Township
the 528,000 SF Chemed Center at 255 by Redline Properties LLC to Columbus- has been converted to Glenway Auto
East Fifth Street downtown. based Columbus Equipment Company Center, an auto repair shop. The site
for $1.2 million ($75/SF). was recently purchased by Glenway
Land Company LLC from the Ohio
Industrial • American Power Services renewed
Environmental Development Limited
• The 598,000 SF bulk building, Hebron its lease on 10,500 SF in the 156,000
Partnership for $1.10 million ($100/SF).
II, landed its first tenant since it SF Airport Business Center office/
completed construction in 2007. HK warehouse complex on Circleport Drive • The 8,810 SF former Mesh restaurant
Systems will occupy the entire building in Erlanger. space at 6200 Muhlhauser Road in West
located at 2285 Litton Lane in Hebron. Chester is now occupied by Stone Creek
• Automatic Equipment Corporation will

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Dining Company. This is the second • CSX Transportation acquired 46.97 acres
location in the Cincinnati region for the of land at 1002 Washington Street in
restaurant chain. Middletown from Edward L. McConnell
for $1.18 million ($25,122/Acre). The Cassidy Turley Key Statistics:
• Dao Modern Asian Cuisine has taken site is near the SunCoke Energy facility
over the 7,560 SF site formerly occupied that is under construction next to AK
by Macaroni Grill at 5065 Deerfield Steel’s Middletown Works. The 21,000
• 58 offices
Boulevard in Mason’s Deerfield Towne SF coke plant will provide additional • 72 international offices*
Center. supplies needed in the steel-making
• 2,800 associates
process. CSX Transportation will use the
• Keep It Tight holds its exercise classes
purchased land site for delivery of raw • 900 brokers
in the 6,000 SF former Sofa Express
materials used by the coke plant. • 25,000 Corporate Services
space in Governor’s Plaza at 9275
Governor’s Way in Symmes Township. locations
Development
• 420 million sf property
• The 4,600 SF Salon Concepts at 9950 • A $3 million Clean Ohio Revitalization
management portfolio
Kings Auto Mall Road in Mason’s Kings grant will facilitate the brownfield
Mall will open in July. cleanup of the former Kahn’s pork • 2009 transactions
processing plant at 3241 Spring Grove -Gross transaction volume
• Flipdaddy’s Burgers & Beers took the
Avenue in Camp Washington. The $13 billion
space formerly occupied by Village
568,000 SF plant will be demolished
Kitchen in the 26,000 SF Wooster at -Gross capital markets volume
and the 17-acre site remediated. Micro
Walton Creek retail center at 7453 $4.1 billion
Metal Finishing LLC will purchase three
Wooster Pike in Columbia Township.
acres to construct a $3 million 80,000
• Adding to the entertainment aspect of SF plant. The company has a 64,742
SF facility at 3448 Spring Grove Avenue. *Through GVA Grimley partnership
the Gateway Quarter of Over-the-Rhine is
the 900 SF neighborhood pub anchoring Hamilton County, the current owners of
the 13th and Vine Streets corner on the site, will sell the rest of the acreage
the ground floor of The Lackman Lofts to Vestige Development Group for
Building, a seven condo residential industrial/office redevelopment. 221 E. Fourth Street
development. The Lackman bar will
26th floor
• Sinclair Community College is in the Cincinnati, OH 45202
open later this summer.
process of completing a $2 million
land acquisition across from its T: 513.421.4884
Investment Courseview Campus Center at 5386
• The 27,140 SF PetSmart retail store at Courseview Drive in Mason. High F: 513.421.1215
245 Rivers Edge Drive in Milford was enrollment numbers in its 18,000 SF
sold by Peebles Land Ltd to AEI Property building completed in 2007 is spurring cassidyturley.com
Corporation & AEI Accredited Investor development of a second facility at the
Fund VI LP for $5.18 million ($191/SF). site.

• Schumacher Schwarz LLC purchased


28.3 acres of land at Village Center
Avenue and Allen Road in West Chester
from First Financial Bank NA for $1.5
million ($53,032/Acre).

• The 18,087 SF retail strip center at


6417 Branch Hill Guinea Road in
Loveland was acquired at a sheriff’s sale
by Fifth Third Bank from Last Chance
Properties LLC for $1.2 million ($66/SF).

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