BLUE ASH, Ohio (July 11, 2016) ? Paul Hemmer Company is breaking ground on a 534,500- square-foot speculative industrial facility on Kenwood Road in Blue Ash. Hemmer is constructing the building for Citimark, a full-service real estate investment and construction company. The spec project is under way to meet market demand.
This is Hemmer’s first collaboration with Indianapolis-based Citimark. A true design/build project, Hemmer has been involved at every step of the way, beginning with developing concepts and determining budgets and continuing to coordinating the design, engineering and site plans. Now, construction is starting.
The new building, which is referred to as “Ten Nine Hundred” is located at 10900 Kenwood Road; its location in the heart of Blue Ash is unique.
“Citimark identified 10900 Kenwood Road as a great opportunity to re-enter the Cincinnati market,” said Josh Niederhelman, Citimark’s managing director for Cincinnati. “While Citimark owned office property in Cincinnati in the past, the planned industrial speculative development required a partner with deep local resources and knowledge of the subcontractor marketplace. Paul Hemmer Company was identified early as the potential partner in developing this site and has been a valuable resource in crafting the ultimate project plan.”
Construction on 10900 Kenwood is expected to be complete by the end of the year. This is Citimark’s second industrial project in Greater Cincinnati in 2016. They recently purchased an existing building at 100 Corridor Park Drive in Monroe, OH, which has expansion capability to 322,000 sf and is currently available for lease or sale. (https://youtu.be/bowmvQ3YMTA)
Citimark is a full service real estate investment and construction company based in Indianapolis, Indiana. Since 1982 Citimark has acquired, developed, managed, leased and constructed office and industrial property throughout the Midwest. Citimark leverages a vertically integrated operating platform and a long history of success through decades of real estate cycles to pursue both principal investing opportunities and by providing the Company’s full scope of services to third party clients.
Paul Hemmer Company is a construction management, building services and real estate development firm with a history in Greater Cincinnati dating back to 1921, when it began operation as the John M. Hemmer Construction Company. Reorganized in 1982 as the Paul Hemmer Company, the Fort Mitchell, Kentucky-based firm is recognized as one of the Greater Cincinnati region’s premier providers of construction services. Hemmer specializes in design/build construction, which enables it to provide the earliest commitment of guaranteed cost and delivery for its industrial, medical, commercial and retail clients. Hemmer has also developed more than six million square feet of space throughout the Midwest and credits its success to its highly experienced team that places an emphasis on communication, commitment to quality and competitive pricing.
Visit us at: www.PaulHemmer.com. Follow us at: facebook.com/paulhemmercompany and @PaulHemmerCo on twitter