Friday, November 19, 1999

Circleport park grows again


Corporex lines up projects

BY JOHN J. BYCZKOWSKI
The Cincinnati Enquirer

        Corporex Cos.' Circleport office park near the Cincinnati/Northern Kentucky International Airport is expanding on a number of fronts, adding tenants, office space and land, the company said Thursday.

        “Everybody talks about Ohio, but we have a developing Kentucky suburban marketplace,” said Robert Mac Lachlan, vice president of sales, leasing and marketing for Covington-based Corporex.

        Blue Ash and the Mason area get much attention, he said, but Circleport will soon house 60 companies with 4,500 employees.

        With tenants such as Toyota's North American headquarters and GE Technology Solutions, “It's developing as a prestigious address,” he said.

        New projects include:

        • The Gap has leased 22,676 square feet of office space, for overflow from the company's massive distribution center in nearby Boone County. The office will run 24 hours a day, and employ 130. The Gap will set up shop in one of two 30,000-square-foot buildings dubbed Reflections, built at a cost of $9 million.

        • The former Stuart-Decatur warehouse at 1360 Dolwick Drive will be converted to offices. Corporex will divide the tall warehouse horizontally to create a second floor, turning a 130,000-square-foot warehouse into 230,000 square feet of offices, with atriums and courtyards.

        • Corporex has acquired 30 wooded acres just east of Circleport along the south side of I-275. Restaurants and stores are planned for that land.

        Those projects join others already under way:

        • Corporex recently broke ground on Olympic II, a $12 million, 90,000-square-foot office building for users who need up to 5,000 square feet. Mr. MacLachlan said it's suited for contractors and suppliers who need office space near Toyota.

        • National Underwriter Co. will soon move into its new 83,000-square-foot headquarters building.

        • GE Technology Solutions is moving into its world headquarters building, which will house 1,200 employees.

        • An $11.5 million, 208-room Courtyard by Marriott hotel is to open early next year.

        • A Residence Inn hotel is being expanded, adding 54 rooms to the existing 130.

        Douglas Hine, senior vice president of production for Corporex, said the restaurants and stores are needed to build a base of services for the 650-acre office park, which has 300 acres undeveloped. “We want to move quickly on it, but we want to find the right mix” of tenants, he said.

       



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