Neyer Properties, Inc. is expanding its Highlands Market Square development through the acquisition of five additional acres along Cincinnati-Dayton Road in West Chester. The land is north of Neyer’s current Wal-Mart and Fitworks anchored development.
The land offers frontage along Cincinnati-Dayton Road with an average daily traffic count of 30,000. When purchased, the land included vacant and deteriorating residential properties, which have now been cleared to make way for new outlot pads. Initial sitework has been completed and Neyer is currently completing the infrastructure design that will be well suited for retail or restaurant users.
Neyer purchased these additional acres with the intent of continuing the success of its Highlands Market Square development. The acquisition of this land will improve visibility and accessibility for the 23 undeveloped acres Neyer owns at the back of its site. The purchase also coincides with West Chester’s goal of further securing strong retailers for the area.
“There is a strong demand for additional retail in this area,” said Jeff Chamot, Neyer Properties land development manager. “This is apparent in the fact that several of our outlots along Cincinnati-Dayton Road have sold within the last two years to retailers such as Sonic, AutoZone, and Chase Bank.”
In addition to the five acres, Neyer has secured two new tenants at Highlands Retail Center II. Beaux Mondes Salon & Spa has signed a five year lease for 4,051 square feet. Beaux Mondes is currently open for business.
Title Boxing Club has subsequently signed a five year lease for 4,138 square feet. Title Boxing Club primarily focuses on fitness classes by incorporating boxing and kickboxing. The company anticipates opening in January 2012. Both tenants are joining fellow tenant Kumon Learning Center in the building.
Highlands Retail II was constructed in 2008. This first class retail building, along with the Highlands Retail I, offer inline restaurant and retail users prime visibility from Cincinnati-Dayton Road. Limited space remains available in both buildings.