Neyer Properties announced they have selected a new leasing team for their office property portfolio in Blue Ash, Ohio, compromising over 550,000 square feet. The commercial real estate development leader has chosen JLL, who assumes their new role in February 2022.
According to John Vollbracht, Neyer Properties’ Director of Leasing and Asset Strategy, JLL’s local team of office-sector real estate specialists has been enlisted to establish a marketing strategy for the properties and connect with companies that are growing or reevaluating their office space needs. He called JLL’s leasing team, led by Senior Vice President Michelle Klingenberg, “a rare combination of strengths in a team obsessed with crafting elegant real estate solutions that benefit tenants and landlords alike.”
“At Neyer Properties, we know JLL well, work with them in the Cincinnati region as well as nationally, and have a high level of confidence in their market insights and strong industry relationships,” Vollbracht said. “We admire their innovation and hustle, and look forward to collaborating with Michelle and her colleagues to position our properties to reach their highest potential.”
The buildings are located within the Blue Ash office market, long-considered the Cincinnati region’s most prominent suburban business destination, where Fortune 500 companies and emerging technology leaders alike find a business-friendly environment. The Neyer Properties Blue Ash portfolio includes the following seven properties:
- Northmark I, prominently positioned on Reed Hartman Highway in the heart of Blue Ash;
- Fountain Pointe I & II, a pair of two- and three-story buildings located at the northern edge of Blue Ash, where Cornell Road and Reed Hartman Highway intersect;
- Blue Ash Corporate Center, located directly across from Blue Ash’s signature mixed-use, urban-design live/work/play district, Summit Park;
- Remington II, great for companies that value a first-floor presence;
- Vista Business Center I & II, attractive three-story office building and flex office/service building to accommodate a wide range of business uses;
Throughout the COVID-19 pandemic and before, Vollbracht said Neyer Properties has invested millions of dollars and will continue to invest, updating and modernizing amenities of its office inventory, focusing on some of the more-mature properties in its portfolio, to “ensure that as companies make business location decisions and prepare their return to the office, we can provide them with a breadth of high-value, ready-to-go options.”
Klingenberg said she appreciates the variety of product and price points available in the Blue Ash portfolio, as well as additional value Neyer Properties can offer tenants. “Neyer is the largest office landlord in Blue Ash,” she said. “When you join Neyer as a tenant, you get connected to amenities like access to conference centers in multiple locations throughout the region. As real estate owners of scale, they can offer key efficiencies to their tenants. That’s one reason I am thrilled to work with them on this portfolio. They stay involved in the details.”
In recent years, Neyer Properties has announced several leases to high-growth national companies in Blue Ash. Global consulting firm Protiviti had one of last year’s biggest leases with 47,000 square feet at Northmark I. JLL represented Protiviti, which said it plans to create 450 jobs over the next four to five years. Fast-growing Trustaff Inc., a health care recruiting and staffing company, has expanded several times at Fountain Pointe II.
“We believe industry innovators like Trustaff and Protiviti provide telling indicators of how the Blue Ash market will continue to evolve as a leading submarket, retain its Blue Chip status, and build on its already strong business base,” Vollbracht said.