ARTICLE ORIGINALLY APPEARED IN LEAD MAGAZINE, 2017 VOLUME 2
Neyer Properties is in its 22nd year as a leading real estate investment, and commercial development company in the Greater Cincinnati region. It has a legacy of development while remaining true to the original vision that commercial real estate can be environmentally and aesthetically pleasing, as well as functional.
Since forming Neyer Properties in 1995, Dan Neyer has continued the tradition his family began more than 100 years ago. Dan and Neyer Properties have developed more than 3,500 acres of land and hundreds of projects that total more than $1 billion in construction and development.
Neyer Properties takes pride in transforming the commercial real estate landscape of the communities they serve with an ongoing dedication to building value and vibrancy throughout the city.
“As a commercial real estate landlord, one of the biggest accomplishments is the retention of tenants,” says Bert Hehman, Senior Leasing Agent. “Renewing a tenant is confirmation that you are doing it right when it comes to providing value in real estate, that another business makes a renewed commitment to continue to partner with you for the betterment of their business.”
Neyer Properties provides solutions through a unique approach of enhancing the value of local real estate assets, commitment to excellence, adaptability to change and cultivation of relationships. By pursuing land and building sites in key locations throughout Ohio, Kentucky, and Indiana, they offer clients properties that are easily accessible and have exceptional visibility.
The acquisition strategy is to identify buildings that will allow Neyer to enact their value-added redevelopment approach. They buy buildings that are bruised, not broken, for the purpose of redeveloping them into updated, leasable assets that will attract today’s user. The value-added approach of looking at an acquisition doesn’t always focus specifically on location, occupancy and condition. They look past an asset’s current state of occupancy or condition. Clarity of vision and a team that can bring that vision to reality is what sets the company apart, as well as its customer-oriented approach. Clients appreciate the professionalism with which they approach business, the ease of the transaction, and the customer-first approach.
“Being a full-service real estate company, the biggest impact we are able to have upon our customers is being able to service and fulfill all of their needs from start to finish,” Hehman says. “There are many boxes that need to be checked when leasing space. To have a partner like Neyer Properties as your landlord, who helps facilitate every need from initial tour to delivering keys to a newly leased premise, ensures this is a partnership, not just a transaction to the tenant.
One of Neyer’s significant goals is to have a positive impact upon the community. For example, through the company’s partnership with the City of Blue Ash, Neyer has been able to acquire and redevelop buildings that have attracted many new businesses to the city, adding value and jobs.
With more than 1.3 million square feet of office and industrial space owned throughout Blue Ash, Neyer is the largest office and industrial landlord in the city. In Neyer’s Blue Ash portfolio, there are spaces available ranging from 600 square feet to 70,000 square feet, and differ from office to flex space, across 15 owned assets. The large range of sizes and types of spaces offer a solution for every real estate office space need. The location of their properties, primarily on the Reed Hartman Highway corridor, is optimal for the office user that either wants a central Blue Ash location or prefers proximity to amenities. Tenants range from small office users with a few employees to large corporation headquarters with high density employment. Neyer is able to provide office space for almost every type company.
Neyer offers shared amenities to their tenants, and not just in Blue Ash. One example is the Neyer Conference Rooms. Neyer tenants have access to eight different conference rooms – three of which are in Blue Ash – across the city to use free of charge.
When a prospective tenant tours a market, they are usually visiting multiple properties with applicable square feet available per their need, owned by multiple entities, and represented by different brokers, each being a one-off negotiation. When touring Neyer’s Blue Ash properties, all assets are owned by the same landlord and represented by CBRE. Using the portfolio approach, Neyer and CBRE strive to match a space to the client’s needs, presenting the best and often times multiple, options, thus beginning the partnership up front.
“By having this wide offering of types of spaces, we see every tour coming through Blue Ash, so we are positioned to know whom, what type, and what the needs are of those seeking space in the market, thus empowering us to either create the solution for those needs or use that as criteria for our next acquisition,” says Hehman.