Fujitec America, Inc. has signed a 10-year lease with Neyer Properties of Cincinnati to lease 116,200 square feet of office space for its new U.S. corporate headquarters at 7258 Innovation Way in Mason.
Fujitec is a global leader in elevator, escalator, and autowalk system manufacture, design and installation. Manufacturing will also move to the new Mason facility.
The move will bring 115 jobs to Mason.
The lease is valued at $6.5 million, and Fujitec plans to provide significant tenant improvements to the building to accommodate their operations.
“This is one of the largest industrial lease deals of the year in our marketplace,” said Neyer Properties president Daniel Neyer. “Having the right building in the right place– even in times that are changing and challenging– works and continues to fuel our positive and progressive growth.”
Fujitec was founded in 1948 in Osaka, Japan by Shotaro Uchiyama, according to its company Web site. The firm has been headed by Takakaza Uchiyama since 1999.
It operates 12 manufacturing, four research and development centers, and 50 sales offices around the world.
Fujitec America entered the U.S. in 1977, and built its U.S. corporate headquarters in Lebanon, Ohio in 1982. In 2004, it completed renovation of its North American Technical center in Lebanon, where it provided technical education for field personnel.
Cincinnati Bell has purchased Fujitec America’s Lebanon site, and will lease the research and development tower to Fujitec, according to Fujitec America marketing coordinator K.C. DeBra.
Fujitec has provided elevator, escalator, and autowalk systems to customers worldwide, including the World Financial Center in New York; the Los Angeles and San Francisco subway systems; and the New York Times headquarters.
Neyer Properties is a leading real estate investment, land development and commercial development company in the greater Cincinnati-northern Kentucky region.
Dan Neyer and Neyer Properties have developed more than 3,000 acres valued at $1 billion. The company is slated to acquire assets of $75 million this year.
Renovation of the building will begin October 1, after Aero Fulfillment Services, which is currently renting the space, moves out of the building. Completion is set for early 2009.
Borden Chemical originally built the building in 2001, but never occupied it and offered it for sale before its completion. Neyer Properties purchased the building in 2004 and completed its construction.
Neyer Properties will retain ownership of the front three acres of the 14-acre Fujitec America site and develop it for future uses.