The 230,000-sf building is owned by the Corporex Cos. Thesigning gives a boost to the building, which only has another50,000-sf tenant, says Dan Tobergte, the president and CEO ofNorthern Kentucky Tri-County Economic Development Corp.

"The class A office market in northern Kentucky ranges at about22% vacancy, we've got a little bit of capacity," Tobergte says."It's an interesting building, it was a build-to-suit manufacturingbuilding, but the company departed. Corporex bought it back threeyears ago and renovated it into a multi-tenant facility. We didthink it would move a little quicker after that, but it now has twonational credit worthy tenants, the Gap and Toyota Boshuku. Thatshould help out the building." He says class A office rents in thearea range from $15 to $20 per sf.

The automotive supplier plans to move into Dolwick by August,with a five-year lease and an option to expand. The company willalso receive $2.1 million in tax incentives under the Kentucky JobsDevelopment Act, through the state's Economic Development FinanceAuthority, for selecting Erlanger as its home office and promisingto create 100 new jobs. Huff Realty assisted the company in findingthe office space.