{"id":1004151774,"date":"2016-09-06T08:42:36","date_gmt":"2016-09-06T16:42:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151774"},"modified":"2022-12-08T10:38:25","modified_gmt":"2022-12-08T18:38:25","slug":"neyer-properties-invests-millions-in-office-tower-renovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/neyer-properties-invests-millions-in-office-tower-renovation\/","title":{"rendered":"Neyer Properties Invests Millions in Office Tower Renovation"},"content":{"rendered":"<p><em>By Alexandra Pacurar<\/em><\/p>\n<div id=\"attachment_1004151778\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004151778\" data-attachment-id=\"1004151778\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/neyer-properties-invests-millions-in-office-tower-renovation\/urs-office-tower-cincinnati\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg\" data-orig-size=\"900,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Dana Trilk&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 2016 Dana Trilk Photography&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"URS-Office-Tower-Cincinnati\" data-image-description=\"&lt;p&gt;URS Office Tower in Cincinnati&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;URS Office Tower in Cincinnati&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg?w=900\" class=\"wp-image-1004151778 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg\" alt=\"URS Office Tower in Cincinnati\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004151778\" class=\"wp-caption-text\">URS Office Tower in Cincinnati<\/p><\/div>\n<p><strong>Cincinnati<\/strong>\u2014<a href=\"https:\/\/www.neyer1.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Neyer Properties<\/a> is the new owner of URS Tower, a 200,000-square-foot office high-rise located in Cincinnati\u2019s central business district. The commercial real estate company bought the property for $8 million through auction site Ten-X. Keith Yearout and Jim Vondran represented the seller, <a href=\"https:\/\/www.lnrpartners.com\/\" target=\"_blank\" rel=\"nofollow noopener\">LNR Partners<\/a>.<\/p>\n<p>The 12-story building is located at the corner of East 7<sup>th<\/sup> Street and Walnut Street and sits on top of a 14-level, separately-owned parking garage. Neyer Properties has announced an extensive, multi-million dollar interior and exterior upgrade of the office tower to a Class A structure. The building will get a modern fa\u00e7ade and a new entrance to correspond with the luxurious properties located nearby. As for the interior renovation, Neyer announced plans to revamp the common areas, first floor lobby, elevator lobbies and restrooms, but also the unique sky lobby at the 15<sup>th<\/sup> floor, complete with an outdoor terrace.<\/p>\n<p>\u201cOur plans include the addition of a one-of-a-kind conference center off the sky lobby that will provide tenants with the option to open the doors up to the outdoor terrace, creating an indoor\/outdoor collaborative space where meetings or social events can be held,\u201d Jared Wendling, director of Acquisitions and Dispositions at Neyer Properties, said in a prepared statement.<\/p>\n<p>The purpose is to modernize the property and create an interactive space, with open floor plates, collaborative areas and open ceilings. The property is part of Neyer\u2019s strategy to invest in its properties and increase Cincinnati\u2019s vibrant business environment. \u201cWe have put money where our mouth is by acquiring over 1.1 million square feet of space in the City of Cincinnati since 2012 and are also adding significant investments into The Baldwin and Keystone Parke development,\u201d added Dan Neyer, president &amp; CEO of Neyer Properties.<\/p>\n<p>The next step for URS Tower is proceeding with the leasing process. Michelle Klingenberg, Josh Gerth and Rusty Myers from <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" target=\"_blank\" rel=\"nofollow noopener\">JLL<\/a> are partnering with Neyer to bring new users to the building. Cincinnati-based commercial real estate company Neyer Properties is looking to extend its portfolio not only in the city, but also in other <a href=\"https:\/\/www.commercialsearch.com\/news\/news\/midwest\/\" target=\"_blank\" rel=\"noopener\">markets across the Midwest<\/a>\u2014Cincinnati, Columbus, Indianapolis, Louisville and Lexington. Neyer purchased assets totaling more than 2.7 million square feet in the last four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will transform the 12-story building into a Class A structure, complete with a modern sky lobby. <\/p>\n","protected":false},"author":236,"featured_media":1004151778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21743,21783,13,21742,21747],"tags":[],"class_list":["post-1004151774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-deals","category-investment","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Neyer Properties Invests Millions in Office Tower Renovation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/neyer-properties-invests-millions-in-office-tower-renovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Neyer Properties Invests Millions in Office Tower Renovation\" \/>\n<meta property=\"og:description\" content=\"The company will transform the 12-story building into a Class A structure, complete with a modern sky lobby.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/neyer-properties-invests-millions-in-office-tower-renovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-06T16:42:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:38:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/URS-Office-Tower-Cincinnati.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/\"},\"author\":{\"name\":\"Alexandra Both\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/92454aa9920287f97bb7f9888b2836f7\"},\"headline\":\"Neyer Properties Invests Millions in Office Tower Renovation\",\"datePublished\":\"2016-09-06T16:42:36+00:00\",\"dateModified\":\"2022-12-08T18:38:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/URS-Office-Tower-Cincinnati.jpg\",\"articleSection\":[\"Cincinnati\",\"Deals\",\"Investment\",\"Midwest\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/neyer-properties-invests-millions-in-office-tower-renovation\\\/\",\"name\":\"Neyer Properties Invests Millions in Office Tower Renovation - 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