Cincinnati, OH – March 18, 2015 – Leasing activity at 525 Vine is continuing its momentum to start 2015, CBRE Group, Inc. announced today. Several tenants in the downtown Cincinnati office building, located adjacent to Fountain Square, have recently announced lease extensions. Catalina Marketing Corporation, a personalized digital media company, recently renewed their lease for 16,035 sq. ft. for seven years and NC Ventures, LLC, a sister company to Catalina, renewed their lease for 6,147 sq. ft. for an additional two years. Additionally, AT&T extended their lease for 29,282 sq. ft. for six years.
This strong leasing activity comes a few months after Huntington Bank announced that they will occupy three floors of the building totaling approximately 50,000 sq. ft. after consolidating its local offices later in 2015.
The recent string of renewals shows a strong commitment to downtown Cincinnati, according to Scott Yards, First Vice President at CBRE’s Cincinnati office.
“The trend of moving or consolidating office space in the CBD is becoming the norm,” Yards said. “Corporations are realizing the benefits of locating in the CBD as they try to attract and retain employees who want to live, work and play in a walkable 24-hour environment.”
525 Vine is located in the center of the vibrant Fountain Square area and includes efficient floor plates and aggressive Class A lease rates. It is within walking distance to many attractions and amenities including Fountain Square, The Banks, the Aronoff Center, Paul Brown Stadium, Great American Ball Park and numerous hotels and restaurants. For more information about 525 Vine, visit the property website.
Scott Yards and Travis Likes dedicate their effort to representing tenants, landlords and developers in the leasing, selling and purchasing of office properties on both a local and national level. For more information about Scott Yards, John Eckert and Travis Likes, visit their website.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.