{"id":1004153453,"date":"2016-09-26T04:57:00","date_gmt":"2016-09-26T12:57:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004153453"},"modified":"2020-04-15T02:14:24","modified_gmt":"2020-04-15T10:14:24","slug":"ge-global-operations-center-opens-at-the-banks","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ge-global-operations-center-opens-at-the-banks\/","title":{"rendered":"GE Global Operations Center Opens at The Banks"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"GE<\/a>

GE Banks – NE Elevation<\/p><\/div>\n

Cincinnati<\/strong>\u2014GE Global Operations Center<\/a> has started moving into downtown Cincinnati’s new\u00a0mixed-use development<\/a>\u00a0dubbed\u00a0The Banks. The 338,000-square-foot contemporary glass building will be home to more than\u00a02,000 professionals across 12 stories.<\/p>\n

\u201cThe GE Global Operations Center is an incredible milestone for The Banks and for Cincinnati,\u201d said Dan McCarthy, project executive for Carter<\/a>, master developer of The Banks, in a prepared statement.<\/p>\n

\u201cWe\u2019ve always envisioned The Banks with a vibrant mix of retail, restaurants, residential, hotel and office. Bringing GE to the riverfront makes that vision a reality and helps extend Cincinnati\u2019s downtown business district directly to our greatest physical asset, the Ohio River. Add GE\u2019s workforce to the thriving residential communities of Radius and Current, and The Banks becomes a true live-work-play destination,\u201d McCarthy explained.<\/p>\n

The new building is located within\u00a0Phase II of The Banks, and includes 19,000 square feet of street-level retail space. GE has signed a 15-year lease at the site with Carter and Nicol Investment Co., co-owners of the building. PNC Financial Services<\/a> led the construction financing for the project, while Brasfield & Gorrie<\/a> oversaw the construction project, working with local developer Jostin Construction<\/a>. RJTR acted as the architect and CBRE will manage the property.<\/p>\n

The University of Cincinnati Economic Center<\/a> estimates that the potential annual impact of the GE Global Operations Center could reach $1 billion, taking into account the direct and indirect employment and spending GE\u2019s new-to-market jobs are expected to create. The payrolls are anticipated to average an annual salary of $79,000 and include a variety of functions such as accounting, finance, communications, customs, HR, IT, legal, logistics, supply chain and enterprise data management.<\/p>\n

Image courtesy of GE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company\u2019s relocation is expected to deliver $1 billion in annual economic impact.<\/p>\n","protected":false},"author":237,"featured_media":1004153454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1583,13,21752,21742,21747],"tags":[],"class_list":["post-1004153453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-cincinnati","category-midwest","category-mixed-use","category-latest","category-office"],"acf":[],"yoast_head":"\nGE Global Operations Center Opens at The Banks - 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\/ge-global-operations-center-opens-at-the-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GE Global Operations Center Opens at The Banks\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s relocation is expected to deliver $1 billion in annual economic impact.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ge-global-operations-center-opens-at-the-banks\/\" \/>\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=\"2016-09-26T12:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-15T10:14:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/GE-Banks-NE-Elevation-night.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1478\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ge-global-operations-center-opens-at-the-banks\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ge-global-operations-center-opens-at-the-banks\/\",\"name\":\"GE Global Operations Center Opens at The Banks - 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