CBRE hired to represent TechSolve II Business Park
CINCINNATI – The Port of Greater Cincinnati Development Authority announces the Industrial Services Group of Lowe/ Whitten/ Schenke/Williams at CBRE to market the expansion of TechSolve II Park in Cincinnati, Ohio. The 12.6 acre business park can support new build to suit of 150,000-175,000 square feet, and includes a newly-renovated 25,000-square-foot building for light, high-tech manufacturing, office, or distribution space.
The TechSolve II business park lies just northeast of the fully-leased, 143-acre TechSolve business park, home to Givaudan Flavors and Quest Diagnostics. The companies at TechSolve employ more than 2000 in business, tech, and manufacturing jobs. The TechSolve II site is targeted for similar high tech manufacturing/advanced industry.
“TechSolve II is an ideal site for continued growth of advanced industry. It is unique in that it offers a modern, high quality, central location within the region that is easily accessible to the entire regional workforce,” said Gary Conley, president of TechSolve Inc.
Darin Hall, vice president of real estate for the Port Authority, said, “Developing the site as an extension of the business park was a logical choice, given its location and proximity to major transportation corridors I-75 and Norwood Lateral 562. It also has great potential for the neighborhood in combination with the development of the MidPointe Crossing site.”
The business park is the result of a land development partnership by the Port Authority and the City of Cincinnati and a marketing agreement with TechSolve.
With a Port Authority / City partnership leading the site development, park tenants will have access to powerful economic development tools and financing options; including incentives for job creation and energy efficiency. A list of specific incentives that may apply can be found here.
Jason Williams, senior associate, CBRE’s Cincinnati Industrial Team, said TechSolve II represents a rare opportunity to locate within Greater Cincinnati’s I-275 beltway in the next phase of a successful business park.
“The proposed TechSolve II Business Park development provides flexible sizing options, and a great opportunity for local developers and owners to use this rare infill site as an option for their clients,” said Williams. “It will also add to the new developments in the area in recent years including Eurostampa, Graeters Ice Cream and others.”
Mike Lowe, Doug Whitten, Tim Schenke and Jason Williams make up one of two industrial teams at the CBRE Cincinnati office. They offer multi-faceted strategies to landlords seeking creative answers to the challenges they face in an emerging local and global economy. In 2013, the team completed 69 transactions totaling over 7 million square feet. They have over 24 million square feet, totaling over $815 million in industrial sales and lease experience.
About the Port Authority:
The Port of Greater Cincinnati Development Authority was formed in 2000 to stimulate growth of the regional economy. The Port Authority is an economic development force, partnering with the City of Cincinnati and Hamilton County, focusing on reutilization and redevelopment of property through catalytic investment. For additional information, please visit http://www.cincinnatiport.org or follow us on Twitter @PGCDA.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting Please visit our website at www.cbre.com. Follow us on Twitter @CBREcincinnati.