OUR LATEST NEWS

Two medical office buildings purchased for $1.7 million

The medical office buildings at 2841 Boudinot Ave. and 2859 Queen City Ave. have been purchased by Metzcor to become a campus to help adults with disabilities.

Sold by Dan McDonald

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August 19, 2021

Lee & Associates principal stacks his team with industry veterans

At the beginning of 2021, John Rickert, principal and executive managing director of Lee & Associates | Cincinnati, added four commercial real estate veterans to his team.

“The impact is huge,” Rickert said. “One aspect is just culturally, to have really successful people influence the overall professionalism of the firm.”

 

Lee & Associates | Cincinnati is now the sixth-largest commercial real estate firm in Greater Cincinnati.

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August 19, 2021

Investor buys Walmart ground lease in Butler Co.

Deal of the Week

Property name: Walmart Super Center

Description of property: A 190,000-square-foot Walmart

Behind the deal: A sale of a Walmart ground lease after a recent five-year lease extension to an out-of-state buyer.

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August 19, 2021

Nearly 51 acres sold for $41 million aluminum facility

Deal of the Week

Property name: Kennel Road Land

Description of property: A more than 50.7-acre piece of land in the Trenton Industrial Park

Behind the deal: Shape Corp., a Grand Haven, Mich.-based tier one automotive supplier specializing in impact energy management and lightweight body structures, plans to build a new facility for Magnode LLC, the aluminum extrusion division it acquired at the beginning of 2018. The expansion of its operations in Trenton will create 171 jobs and represents an investment of $41 million. Construction started the day after closing to expedite the construction of the aluminum center.

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August 19, 2021

$25 million mixed-use development around iconic radio tower underway in Mason

A more than $25 million mixed-use development is under construction in Mason.

Tower Park, a retail development around the WLW-AM radio tower, started construction in spring 2021. Lee & Associates Cincinnati’s John Rickert and George Flynn are co-developing Tower Park with Mark Jackson of Indianapolis-based Turtle Creek Management. The total investment for Tower Park is expected to surpass $25 million.

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August 19, 2021

Four Cincinnati CRE vets join Lee & Associates

The retail team of John ThompsonChris Nachtrab and TC Bartoszek joined Lee & Associates | Cincinnati. Most recently, the trio was with Newmark. Thompson and Nachtrab both join Lee & Associates|Cincinnati as senior vice presidents, Bartoszek joins the firm as vice president.

(From left) Bill Schneller, John Thompson, Chris Nachtrab and TC Bartoszek have all joined Lee & Associates | Cincinnati.

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August 19, 2021

Clovernook Center for the Blind leases Fairfield property

Deal of the Week

Property name: Port Union Commerce Center

Description of property: A 55,000-square-foot warehouse/distribution/office space

Behind the deal: Clovernook Center for the Blind and Visually Impaired is a private not-for-profit organization whose mission is to enrich the lives of people who are blind or visually impaired by developing the skills necessary to lead active, productive and independent lives. This new space consolidates auxiliary Tri-County warehouses.

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August 19, 2021

Taking a risk? That doesn’t bother Lee & Associates’ Taulbee as he leaps into new CRE challenges

This isn’t a good time to start a new business venture? Don’t tell that to Lewis Taulbee, president of Cincinnati-based RICORE Strategic Asset Services, a division of Lee & Associates. Taulbee launched RICORE in August of this year, even as the country and commercial real estate industry continued to face the challenge of COVID-19.

Taulbee, of course, has seen challenging markets before. He brings more than 25 years of experience in the shopping center industry to his new venture, and he’s succeeded in markets both thriving and struggling. His career includes stints at Starwood Capital, CompassRock Real Estate, Corporex and Simon Property Group.

 

Midwest Real Estate News recently spoke with Taulbee about his new CRE adventure, why CRE will survive the pandemic and why this isn’t the worst time to start a new business.

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August 19, 2021

One of Cincinnati’s largest CRE firms adds managing principal

One of the largest commercial real estate firms in Greater Cincinnati has added a real estate veteran as managing principal of brokerage services.

George Flynn has joined Lee & Associates | Cincinnati as managing principal of brokerage services. Flynn was most recently a retail specialist with Anchor Associates.

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August 19, 2021

Facility Management Will Require Changes Under New COVID-19 Regulations

Frances Smith, CPM,  Senior Vice President, Property Manager was interviewed and quoted regarding how Facility Management will change in the new COVID-10 Environment.

John Rickert, CCIM and President-Executive Managing Director also provided input as to how the Tenants themselves police their offices and other building areas, over and above what the Owners and Municipalities require.

REBusiness Online did an in-depth interview to gauge the changes needed and necessary to move forward with as little disruption to business as possible.

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August 19, 2021