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Market Research NewsletterCincinnati, Ohio, June 2010

Ofce

KelloggSalesCo. renewed its lease on

14,700 SF in the 120,000 SF Woodside

Center at 6281 Tri-Ridge Boulevard in

Loveland.

The 46,150 SF Kenwood Commons I at

8230 Montgomery Road saw AtosOrigin

recommit to 14,000 SF on the frst oor.

In November SystemsEvolution,Inc.

will relocate rom 6,300 SF at 5191

Natorp Boulevard in Mason to 8,300SF in the 100,000 SF Kemper Pointe at

7870 East Kemper Road in Blue Ash.

CarepointPartnersLLC took 7,300

SF in the 46,400 SF three-story

Kenwood Commons II building at 8280

Montgomery Road in Kenwood.

NorthcreekMezzanineFundILP

subleased 3,695 SF on the 30th oor in

the 528,000 SF Chemed Center at 255

East Fith Street downtown.

Industrial

The 598,000 SF bulk building, Hebron

II, landed its frst tenant since it

completed construction in 2007. HK

Systems will occupy the entire building

located at 2285 Litton Lane in Hebron.

LesliesPoolmart,Inc. renewed its lease

on the 146,000 SF ofce/warehouse

acility at 1231 Aviation Boulevard in

Hebrons Airpark Business Park.

QCIndustries acquired the 57,350 SF

reestanding building at 4057 Clough

Woods Drive in Batavia rom Black Cat

LP & 2900 North Talman LP or $2.7

million ($47/SF).

The 48,000 SF ormer Weyerhaeuser

building at 11807 Enterprise Avenue

in Sharonville was purchased by Rudd

Equipment or $2.4 million ($50/SF).

Camco expanded into another 35,000

SF or a total o 83,000 SF in the

232,400 SF bulk building at 7130 New

Bufngton Road in Florence.

E-BEAMServices,Inc. plans to break

ground this all on a 25,000 SF addition

to its 64,600 SF acility at 2775 Henkle

Drive in Lebanon.

TNTTrucking purchased the 22,600

SF acility at 5100 Du Drive in West

Chester rom Worthington Commercial

Properties LLC or $800,000 ($35/SF).

The buildings totaling 16,060 SF at 712

Shepherd Avenue in Lockland were sold

by Redline Properties LLC to Columbus-

based ColumbusEquipmentCompany

or $1.2 million ($75/SF).

AmericanPowerServices renewed

its lease on 10,500 SF in the 156,000

SF Airport Business Center ofce/

warehouse complex on Circleport Drive

in Erlanger.

AutomaticEquipmentCorporation will

be staying in its 10,000 SF in the 22,600

SF Capital Center I, Industrial Center 10

ofce/warehouse at 4699 Interstate Drive

in West Chester.

Retail

Cincinnati Premium Outlets, the

400,000 SF outlet mall at Route 63

and I-75 in Monroe, announced urther

additions to its tenant roster debuting byall. They include JoesJeansInc.,New

York&Company,ClairesAccessories,

UnderArmour,LensCraters,Lacoste

and AnnTaylorLotOutlet. True

Religion is opening in 2011.

The 500,000 SF Crestview Hills Town

Center at I-275 and Dixie Highway will

be the frst area location o Charming

Charlie. It will open by the end o the

year in the 14,000 SF ormerly occupied

by Entertainment Solutions and LearningExpress.

USACollisionCenters opened its fth

area location in the 12,710 SF ormer

Just Saab dealership at 5449 Dixie

Highway in Fairfeld. This has also

become its corporate headquarters.

The 11,000 SF ormer E-Check at 6135

Harrison Avenue in Green Township

has been converted to GlenwayAuto

Center, an auto repair shop. The site

was recently purchased by Glenway

Land Company LLC rom the Ohio

Environmental Development Limited

Partnership or $1.10 million ($100/SF).

The 8,810 SF ormer Mesh restaurant

space at 6200 Muhlhauser Road in Wes

Chester is now occupied by StoneCreek

Market By Market News

8/9/2019 2010 06 Market Research Cincinnati

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CassidyTurleyKeyStatistics:

58 ofces 72 international ofces*

2,800 associates

900 brokers

25,000 Corporate Services

locations

420 million s property

management portolio

2009 transactions

-Gross transaction volume

$13 billion

-Gross capital markets volume

$4.1 billion

*Through GVA Grimley partnership

221 E. Fourth Street

26th oorCincinnati, OH 45202

T: 513.421.4884

F: 513.421.1215

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DiningCompany. This is the second

location in the Cincinnati region or the

restaurant chain.

DaoModernAsianCuisine has taken

over the 7,560 SF site ormerly occupied

by Macaroni Grill at 5065 DeerfeldBoulevard in Masons Deerfeld Towne

Center.

KeepItTight holds its exercise classes

in the 6,000 SF ormer Soa Express

space in Governors Plaza at 9275

Governors Way in Symmes Township.

The 4,600 SF SalonConcepts at 9950

Kings Auto Mall Road in Masons Kings

Mall will open in July.

FlipdaddysBurgers&Beers took thespace ormerly occupied by Village

Kitchen in the 26,000 SF Wooster at

Walton Creek retail center at 7453

Wooster Pike in Columbia Township.

Adding to the entertainment aspect o

the Gateway Quarter o Over-the-Rhine is

the 900 SF neighborhood pub anchoring

the 13th and Vine Streets corner on

the ground oor o The Lackman Lots

Building, a seven condo residential

development. TheLackmanbar willopen later this summer.

Investment

The 27,140 SF PetSmart retail store at

245RiversEdgeDrive in Milord was

sold by Peebles Land Ltd to AEI Property

Corporation & AEI Accredited Investor

Fund VI LP or $5.18 million ($191/SF).

Schumacher Schwarz LLC purchased

28.3 acres o land at VillageCenter

Avenue and AllenRoad in West Chesterrom First Financial Bank NA or $1.5

million ($53,032/Acre).

The 18,087 SF retail strip center at

6417BranchHillGuineaRoad in

Loveland was acquired at a sheris sale

by Fith Third Bank rom Last Chance

Properties LLC or $1.2 million ($66/SF).

CSX Transportation acquired 46.97 acres

o land at 1002WashingtonStreet in

Middletown rom Edward L. McConnell

or $1.18 million ($25,122/Acre). The

site is near the SunCoke Energy acility

that is under construction next to AK

Steels Middletown Works. The 21,000SF coke plant will provide additional

supplies needed in the steel-making

process. CSX Transportation will use the

purchased land site or delivery o raw

materials used by the coke plant.

Development

A $3 million Clean Ohio Revitalization

grant will acilitate the brownfeld

cleanup o the ormer Kahns pork

processing plant at 3241SpringGrove

Avenue in Camp Washington. The

568,000 SF plant will be demolished

and the 17-acre site remediated. Micro

Metal Finishing LLC will purchase three

acres to construct a $3 million 80,000

SF plant. The company has a 64,742

SF acility at 3448 Spring Grove Avenue.

Hamilton County, the current owners o

the site, will sell the rest o the acreage

to Vestige Development Group or

industrial/ofce redevelopment.

SinclairCommunityCollege is in the

process o completing a $2 million

land acquisition across rom its

Courseview Campus Center at 5386

Courseview Drive in Mason. High

enrollment numbers in its 18,000 SF

building completed in 2007 is spurring

development o a second acility at the

site.