Commercial Agent Featured in Cincinnati Business Courier Deal of the Week

Commercial Agent Featured in Cincinnati Business Courier Deal of the Week

An affordable housing organization is expanding its business into the Cincinnati area, with a new headquarters in West Chester, OH. Rob Blundred, a commercial real estate agent from our real estate brokerage firm, Henkle Schueler & Associates, managed this deal on behalf of the tenant. MVAH Partners leased this massive office space for $1.8 million.

The following specifications of the deal were featured in The Cincinnati Business Courier:

MVAH Partners moves HQ to West Chester

Property name: Centre Pointe I

Tenant: MVAH Partners LLC

Estimated lease size/value: 9,968 square feet/$1.8 million

Landlord: Suburban Cincinnati Office Portfolio LLC

Listing broker, firm: Todd Pease and David Ottenjohn, JLL

Tenant’s broker, firm: Rob Blundred, Henkle Schueler & Associates

Deal signed: March 2018

Description of property: A 121,300-square-foot office building that is part of a five-building, class A office portfolio

Address: 9100 Centre Pointe Drive, West Chester 45069

Behind the deal: MVAH Partners is the former affordable housing division of Miller-Valentine Group. The new entity was formed under the leadership of Brian McGeady and Michael Riechman, who were previously with Miller-Valentine and are spearheading the new venture.


What Are the Benefits of Leasing Land Over Buying Outright?

Leasing property in the Cincinnati-Dayton area as opposed to buying the land can initially seem like the lesser choice, but that’s not always the case. If you’re looking to develop a commercial business, the costs of purchasing land can be intimidating and often eat directly into your project’s budget, not leaving a ton left over for the actual developing part. Alternatively, leasing a piece of land to develop on alleviates some of those upfront costs, allowing you to hit the ground running with development, freeing up your budget and letting you throw on all of the extras that will make your business shine even brighter.

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