1. Knowledge That Sells
June 2011
• Medpace Inc. will expand its Madisonville headquarters with
two new buildings totaling 200,000 square feet. Medpace
FASTER plans to employ 1,250 people on their new campus by 2014.
FORWARD
• F&W Media, Inc has signed a 10-year lease valued at
$11,500,000 for the Hawthorne Center in Blue Ash, located at
10151 Carver Road.
• St. Elizabeth’s Physicians Group has leased the
45,000-square-foot office building at 2300 Chamber
General News Center Drive in Fort Mitchell, KY. Build-out of the new space is
scheduled to be completed by August 1, and the multi-specialty
• Downtown Cincinnati Inc reported that downtown Cincinnati saw
physician organization of St. Elizabeth Healthcare will initially
more than $180 million development projects completed last year,
occupy 30,000 square feet.
while another $1.2 billion worth of projects remain under
construction. Highlights include the downtown population growing
• Cheviot Savings Bank plans to double the size of its
to 4,852 residents (up 11.7 percent from 2009), the openings of 33
headquarters in downtown Cheviot by constructing a
new retailers in 2010, and apartment occupancy rates remaining
20,000-square-foot office building at 3723 Glenmore Avenue.
above 90 percent in the Central Business District.
The new building will be the largest and tallest building
constructed in this West Side city in more than a decade.
Development
• Backers of the Horseshoe Casino Cincinnati have delayed their • Two technology companies, Meaningful Use Technologies LLC
scheduled opening date for a downtown casino until sometime in and Korean-based Arcron Systems Inc., are moving their U.S.
2013. The developer is trying to work out several tax issues with the headquarters into a 5,000-square-foot facility in Newport, KY.
State of Ohio. Combined, they will bring 20 new jobs and an investment of
more than $1 million to the region.
• 21c Museum Hotels has begun the renovation and restoration of the
historic Metropole Hotel across from the Aronoff Center for the Arts Industrial
in downtown Cincinnati. The new hotel is expected to open
• Airtron, a heating and air conditioning company in Dayton, is
late 2012.
moving to 20,000 square feet at 9422 Meridian Way in West
Office Chester, OH.
• Tokyo Boeki North America Inc., a measurement and data • A global company, CEVA Logistics US Inc., which services Dell
processing solutions company, is moving its sales and support Computers, has notified Ohio that it is closing its local
offices from Detroit to 11 Spiral Drive in Florence, KY. operations off Windisch Road, slashing nearly 200 jobs.
• Chiquita Brands International Inc. has signed a 16-month extension • Newtown-based Hydro Systems is purchasing a two-acre
at 250 E. Fifth Street, keeping the consumer products company property next door to its Round Bottom Road facility, where it
downtown through 2012 in 115,494 square feet of space. plans to demolish the building and add an additional 25,000
square feet to their existing 55,000-square-foot facility.

2. • Slate Ridge Holdings has purchased two industrial buildings at • Snap Fitness, billed as a no-frills fitness center, is opening
3650 and 3680 E. Kemper Road for $2.15 million. One building two gyms in Northern Kentucky, one in Alexandria and the
is a 150,595-square-foot vacant warehouse and the other is a other in Hebron.
41,180-square-foot industrial building with existing income stream.
• Pet People has leased 5,210 square feet at Hyde Park Station.
• Fortis Security Products will construct a 69,000-square-foot
manufacturing and office facility at 501 Minger Way in Greendale, IN. • The Cock and Bull English Pub has finished construction and
The company is relocating from Hebron, 12 miles away. is now open for business in Hyde Park.
• Mane, Inc has lease 12,560 square feet of industrial space at 1004
Tech Drive in Milford. Mane is a worldwide leader in the fragrance Investment
and flavor design industry. • Arizona-based Cole Real Estate purchased a
14,490-square-foot Walgreens Drug Store building in
Retail Middletown, OH, for nearly $5.42 million, or approximately
$374 per square foot. Anchor Properties, based in Covington,
• Buffalo Wings & Rings started construction on a new KY, was the seller. The single-tenant retail building at 6330
4,000-square-foot location in Finneytown at Brentwood Plaza. Cincinnati Dayton Road is fully leased to Walgreens through
February 2036.
• A new neighborhood tavern is slated to open soon along Short
Vine in Corryville. The new establishment, Dive Bar, will occupy the Sources: Cincinnati Business Courier, Dayton Daily News, Cincinnati Enquirer, Dayton Business
space vacated by Submarine Galley. Journal, CoStar Group, Inc., RE Business Online, GlobeSt.com, RealCapital Analytics, The Conference
Board, The Federal Reserve Board.
• Clothing and accessories retailer, Metropark, announced that it is
going out of business and is closing all 69 of its stores. The
company operates one Cincinnati area location, at Kenwood
COMMUNITY INVOLVEMENT
Towne Centre. In August of this year,
six Colliers associates from
• Roosters Men’s Grooming Center, a barbershop franchise with more
Cincinnati and Columbus will
than 30 locations across the country, is opening in Deerfield
be participating in Pelotonia11.
Towne Center.
Pelotonia is an annual bike ride
• The Skinny Pig has opened in East Walnut Hills on Woodburn put together to help raise money
Avenue, serving lunch and dinner. for cancer research. The ride
begins in Columbus and ends in Athens, OH. Last year, over
• Mike Hama, the owner of Beluga in Hyde Park, has closed his
4,000 cyclists participated in the event and raised over $7.8
11-year-old restaurant. A new tenant is lined up to move into the
space, but has yet to be announced. million for cancer research. In 2009, Lance Armstrong even
rode in the event! If you would like to participate or donate to the
• A new 120,000-square-foot Kroger Marketplace store will be built in Colliers Team, please visit www.pelotonia.com and search for the
Amelia, located on Ohio Pike, near Amelia Olive-Branch Road.
Colliers Team page.
• The ownership group behind the Holy Grail Tavern & Grille has
“Knowledge That Sells” is a monthly publication compiled and
closed the Corryville location.
researched by the market research department at Colliers
• Towne Properties said it is pursuing an eviction against BagPipes International. For more information, or to be added to the
Irish Pub, a restaurant and bar that opened in February at Seventh subscriber list, please contact Brian Graham at brian.graham@
and Race Streets downtown, for failure to pay rent. colliers.com.
• Jones the Florist has closed the last remaining Jack Herb Florist
COLLIERS INTERNATIONAL
location in Mount Healthy.
Greater Cincinnati
425 Walnut Street, Suite 1200
• Cincinnati will be home to the first newly designed Disney Store in
Cincinnati, OH 45202
the state of Ohio, as the retailer plans to open a new concept store
513 721 4200 Fax 513 721 0630
at Kenwood Towne Centre. www.colliers.com