August 10, 2009
For Immediate Release

DHC/ANI LLC sells downtown Cincinnati office building for $17 million

Al. Neyer, Inc., project developer, improves historic Third Street building

CINCINNATI – A development partnership comprising Cincinnati-based Al. Neyer, Inc. and an entity affiliated with principals of Dayton Hydraulic Company of Dayton, Ohio, announce the sale of The Offices at 444 West Third Street to the building’s principal lessee, dunnhumbyUSA, for $17 million.  

dunnhumbyUSA, a fast-growing international leader in building sales and brand value for consumer goods and retail companies, acquired the three-story, 150,000-square-foot building at an important gateway into downtown Cincinnati, near Paul Brown Stadium. The property encompasses about 2.09 acres, and includes 330 parking spaces exclusively available to dunnhumbyUSA both on site and on the adjacent land owned by the City of Cincinnati.  dunnhumbyUSA employs more than 300, and accepted job creation tax credit incentives from the City of Cincinnati’s Economic Development Division for the creation of 150 new jobs. Company revenues have grown from $20 million in 2004 to $200 million in 2008. In addition to tax credit incentives, the City of Cincinnati provided a 12-year tax abatement to enable this project. dunnhumbyUSA’s CEO Simon Hay noted, “dunnhumbyUSA is dedicated to the robust growth of Downtown Cincinnati and are eagerly awaiting our move to our new headquarters later this year.”

dunnhumbyUSA is working with Al. Neyer, Inc. as project developer, who is directing design-build construction services for the extensive renovations to market standards and to dunnhumbyUSA’s specifications.  dunnhumbyUSA signed a 10-year lease for the entire property on November 14, 2009, announcing its intent to relocate from about 60,000 square feet it occupies in 302 West Third Street, another building redeveloped and renovated by Al. Neyer.  dunnhumbyUSA was represented in both the lease transaction and the building acquisition by Mike Hartmann of Colliers Turley Martin Tucker.

“We are proud to have been able to make vibrant what had been a highly visible but long-vacant building  into a state-of-the-art environment for a leading company like dunnhumbyUSA,” according to David F. Neyer, president, Al. Neyer, Inc.

About Al. Neyer, Inc.

Al. Neyer, Inc. is a 115-year-old commercial real estate development and design-build company, responsible for millions of square feet of office, industrial, health care, and mixed-use space that contributes to the economic vitality of cities in which we build. Al. Neyer was among the first contractors in this region to embrace the design-build method of construction that integrates design and construction decisions and promotes collaboration. Al. Neyer continues to enhance our green building design and construction capabilities both for our clients, and our own projects. Seven of our staff holds LEED Accredited Professional credentials and the company has been involved in three LEED registered projects. Al. Neyer is consistently ranked among Greater Cincinnati’s largest privately held companies.

 About dunnhumbyUSA

dunnhumbyUSA combines proven natural abilities with big ideas to find clues and patterns as to what customers are buying and why. dunnhumbyUSA turns these insights into actionable strategies that create dramatic growth and sustainable loyalty, ultimately improving brand value and the customer experience.  dunnhumbyUSA is a joint venture between The Kroger Company and London-based dunnhumby.  Employing more than 300 people in Cincinnati, Atlanta, Chicago, Minneapolis and New York, dunnhumbyUSA serves a prestigious list of companies, including Kroger, Macy’s Coca-Cola, General Mills, Kimberly-Clark, PepsiCo, Procter & Gamble, and The Home Depot. dunnhumbyUSA has been recognized for three years running as a Best Place To Work and one of the fastest growing companies in Cincinnati by The Business Courier.   For more information, visit www.dunnhumby.com.

CONTACT:

Gail Paul
Al. Neyer, Inc.
(513) 379-8153 

Ann Keeling, Media Relations Contact
for dunnhumbyUSA
(513) 381-3248