Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SPRINGDALE, OH-GE Aviation, which occupies about 650,000 sf of office in the city, has less than two years on its leases in various buildings. The GE subsidiary, which has more than 1,500 employees in the area, is being courted by communities and developers just in case a move is made.

A GE Aviation spokesman tells GlobeSt.com that his company is open to any offers. “We’re not actively looking to leave where we’re at, but people have approached us. We’ve been in these facilities for 20 years, so we’re not in a hurry. It could take us 18 months to decide,” he says.

The company is ensconced in 650,000 sf in five buildings on Merchant Street, including 400,000 sf in Executive Centre One and Three, says Jeff Tulloch, development director for Springdale. He says the city would offer incentives to keep the company in town. “They’ve been a good, long-term corporate citizen,” Tulloch says.

Other Cincinnati suburbs are fighting to attract the company, including Evendale and Liberty Township. Rumors are also swirling about the company being interested in Duke Realty’s South Pointe at Union Centre in West Chester, as GE has leased 50,000 sf in Centre Pointe I in the city. The $50-million South Pointe project is expected to have two 150,000-sf office buildings.

There is another way that Tulloch could get his wish, however. Bear Creek Capital, based in Blue Ash, is looking to build office buildings on 26 acres at the corner of State Route 747 and Crescentville Road. GE owns that parcel and more at the site, through its Employees Activities Association (GEEAA), and operates a park and nine-hole golf course there. However, the association has sold 17 acres for senior housing development, and may sell another 26 acres to Bear Creek.

“Currently, the property is zoned for office and retail, through a planned unit development,” Tulloch tells GlobeSt.com. “Bear Creek asked us a couple months ago how we would react if they put office on the property, and we were very supportive.” He says the company showed the city two development plans, one for a multi-tenant, 250,000-sf office property, and the other a single-user, 450,000-sf building. “They were alluding to gaining a major tenant prospect. They’re still deciding what to do, and have not sent us any formal plans.”

The city did do a traffic study to determine if a traffic signal could be added to the main artery to serve the project, Tulloch says. It wouldn’t hurt residents…the city has about four million sf of industrial, four million sf of retail and two million sf of office, and only 10,000 in population. “It’s really a great location. Springdale is just off of I-75 and I-275, near the major Tri-County Mall. Besides being accessible, we’re right in the path of growth, with a lot of amenities.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.