$13 million office campus to help revitalize Norwood10.12.30 NORWOOD-NORCO rendering TR

Neyer Properties’ Central Pointe on the Lateral, a $13 million office/flex campus at Ross Avenue and Section Road in Norwood, is moving forward.

The 10-acre campus will include three, single-story office / flex buildings and one, two-story
Class A office building, offering up to 150,000 square feet. All four buildings will be built to LEED
standards, with a minimum of LEED Silver core and shell. Construction is scheduled to begin in
the fall of 2011.

The site, visible from the Norwood Lateral, is located across from the future Showcase Cinema
redevelopment and next door to the American Laundry building.

The development firm has projects underway in West Chester, Mason, Fairfield and Hamilton.
Neyer Properties redeveloped the historic American Laundry building, considered a key piece of
Norwood’s economic future, in 2004. The American Laundry renovation was the first privatelyfunded
developed LEED project in the greater Cincinnati area.

Neyer has completed clean up and demolition of the building on the site, including the former
Norwood Sash and Door Company (NORCO) building at 4953 Section Road. Most of the
excavation and utility work on the property has been completed.

Neyer purchased the Central Pointe parcel in June, 2010 from the Bank of Kentucky due to its
central location and highway visibility. An estimated 70,000 cars per day travel near the site on
the Norwood Lateral.

SRW Environmental Services, Inc. has committed to occupy 12,000 square feet in Central
Pointe on the Lateral. SRW is an environmental engineering and consulting firm, serving greater
Cincinnati, Louisville, and Dayton. Their occupancy will create five jobs and retain 18 positions.
SRW has agreed to partner with Xavier University to offer internships there.

Neyer has received a $730,600 Clean Ohio Revitalization Fund (CORF) grant to redevelop the 3.3
acre parcel at Ross and Section. The City of Norwood recently received a $234,000 Clean Ohio
Assistance Fund (COAF) grant to conduct an environmental assessment for the remaining 7

CORF is a statewide, competitive program in which communities compete for grants of up to $3
million to remediate, or clean up, brownfield properties so they can be safely redeveloped.

Neyer plans to apply for another CORF grant for the 7-acre property directly south of this parcel.
Central Pointe on the Lateral was one of 14 properties awarded the grant this round, with rounds
occurring twice a year. The site was one of three properties located in the greater Cincinnati area
to receive the grant.

With the Clean Ohio grant and construction of Central Pointe, Neyer Properties hopes to regain
some of the 1,200 jobs lost recently through relocations of United States Playing Card
Company, Zumbiel Box Company, and Medpace.

“We are always looking to build value into the projects we develop,” said Dan Neyer, president of
Neyer Properties. “This project is a win-win for us because we can re-use an under-utilized site,
create a high-quality green office campus there, and help create jobs for the community.”