JLL wins leasing assignment in Blue Ash submarket
JLL secures 13,904-square-foot lease at 10260 Alliance Road and takes over leasing and property management at 300 Pfeiffer Place
January 31, 2022 (CINCINNATI, OH) – JLL is pleased to announce that commercial real estate firm Lee & Associates|Cincinnati has signed a 13,904-square-foot lease for the entire second floor of 10260 Alliance Road in Blue Ash, which is owned by Ohio National.
JLL Senior Vice President Todd Pease and Senior Vice President Michelle Klingenberg represented Ohio National and Lee & Associates Senior Vice President Bill Schneller and Senior Vice President Dan McDonald represented Lee & Associates|Cincinnati. Lee & Associates is relocating from 10123 Alliance Road and is expected to move into the new space in January 2022.
“Our company has enjoyed tremendous growth propelled by our exceptional professionals and clients. 10260 Alliance is an efficient and well-maintained property; we look forward to having Ohio National as our landlord. This new office space is an exciting next step and will allow for continued growth for Lee & Associates in Cincinnati,” said John Rickert, President of Lee & Associates|Cincinnati.
“After learning about what Lee & Associates was looking for in the market, we knew we had an ideal option for them at 10260 Alliance Road in Blue Ash,” Pease said. “This space allows Lee & Associates to occupy an entire floor with an outstanding window line and have their sign on the building. With flight to quality being a growing trend in the Cincinnati office market, we are seeing landlords like Ohio National win in this competitive office environment. We now look forward to turning our focus to Pfeiffer Place, which is also owned by Ohio National and is located in the heart of Blue Ash.”
Ohio National sees this lease as one of many more to come for the Blue Ash submarket, especially as several larger office users are recommitting to their space needs.
“We’re excited about the leasing momentum that Todd and Michelle already have,” said Steve Chaney, Vice President of Corporate Services at Ohio National. “It’s a huge deal for a tenant to commit to an entire floor, and we anticipate a successful remainder of the year and start of 2022.”
This lease took place on the heels of JLL being selected to manage the property and leasing at Pfeiffer Place at Parkview, located at 10300 Alliance Road. With views of Summit Park, both 10260 Alliance Road and Pfeiffer Place are within close proximity to various dining, exercise and residential options. In total, 10260 Alliance Road still has 9,647 rentable square feet of space available, and Pfeiffer Place has more than 87,000 square feet of Class A space available.
Pfeiffer Place also touts several notable amenities, including a large conference facility, a café, move-in ready spaces with furniture, building signage opportunities, 24/7 security and an on-site security officer.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout North America. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com.