(Cincinnati, OH) Neyer Properties is completing construction of a 40,000 sf medical office building at Red Bank Crossing and a second 40,000 sf facility will begin construction within the next 30 days and be complete before the end of 2005. Neyer has signed lease agreements with Sleep Management Institure, Your MD, Inc. and Community Research for 7.5 years. The tenants will take occupancy in August.
Community Research is a clinical research site that conducts FDA approved clinical trials. They manage phase I-IV pharmaceutical research studies in areas such as sleep disorders, psychiatry and general medicine. They are currently located at the Christ Hospital campus. Dr. David Mayleben states, “The move to Red Bank Crossing is a result of our continued growth and desire for a larger, state of the art facility. In addition, we are very attracted to the area because of the convenience and the surrounding medical tenants.”
Red Bank Crossing is located on a 12.5 acre site located along the Red Bank Expressway on the east side of Cincinnati. This central location offers easy access to I-71 and US-50, as well as, Erie Avenue and Madison Road. A traffic signal provides easy access to Red Bank Road.
Neyer Properties purchased this property from the City of Cincinnati in 2001. The first facility designed and constructed on this site was for the Gorilla Glue Company in 2002. The current development calls for the two medical office buildings plus two retail out parcels. Each 2 story office facility will have attractive masonry and stone exteriors with interior details to match the overall quality. Technical features include card key access for security and fiber optics. The total development will total $16,000,000 when completed.