Newsroom

October 2020

Al. Neyer to build $65 million spec industrial development near CVG

Newsroom 
button whitebutton red

Thursday October 29, 2020

Al. Neyer to build $65 million spec industrial development near CVG

From the Cincinnati Business Courier:

AL. NEYER TO BUILD $65 MILLION SPEC INDUSTRIAL DEVELOPMENT NEAR CVG

Al Neyer plans to develop two speculative industrial buildings next to Cincinnati/Northern Kentucky International Airport.

The downtown-based commercial real estate developer has about 71 acres of land under contract just northwest of CVG between Elijah Creek Road and Petersburg Road in Hebron. There, it plans to develop, design and build a 600,000-square-foot class A bulk distribution center and a 325,000-square-foot industrial building. The total investment for the project would be between $65 million and $75 million.

Ryan Reardon, vice president of real estate development at Al Neyer, said the developer plans to construct both buildings on a speculative basis, meaning they do not have a tenant to take space in them at this point.

“It’s the market demand that we’re seeing, particularly in the airport submarket for this type of product,” Reardon told me. “The demand just continues to be there and be strong.”

The smaller of the two buildings will be a rear-loaded building with 36-foot clear height ceilings. It will 33 docks on the one side, with the ability to add 14 more. The smaller building also will have room for 200 vehicle parking spaces and 55 trailers.

The larger building will have 40-foot clear height ceilings and be cross-docked. It will have 60 docks, with space to add 54 more dock doors, and 314 vehicle parking spaces.

Read more from the Cincinnati Business Courier here.


Recent News

Al. Neyer named a 2022 Top Workplace in Cincinnati by the Cincinnati EnquirerThursday June 9, 2022

Al. Neyer named a 2022 Top Workplace in Cincinnati by the Cincinnati Enquirer

Al. Neyer VP of Real Estate Development, Melissa Johnson, Discusses the Future of CincinnatiWednesday June 8, 2022

Al. Neyer VP of Real Estate Development, Melissa Johnson, Discusses the Future of Cincinnati

Al. Neyer To Co-Develop and Build Midtown Nashville’s Newest Multifamily DevelopmentThursday June 2, 2022

Al. Neyer To Co-Develop and Build Midtown Nashville’s Newest Multifamily Development

Al. Neyer Supports ArtsWave During Annual Campaign WeekWednesday May 18, 2022

Al. Neyer Supports ArtsWave During Annual Campaign Week