Wednesday, April 04, 2001

Neyer seeks development boss

Company enthused about prospects in N. Kentucky

By Terry Flynn
The Cincinnati Enquirer

        COVINGTON — Al. Neyer Inc., a major developer of commercial real estate in Kentucky and Ohio, is looking for a development director to lead the company in its expanding development role in Northern Kentucky.

        Jim Neyer, the company's senior vice president in charge of all markets, has assumed the role of interim development director for the company's “Kentucky Initiative” until a permanent director is hired.

        “We absolutely are interested in continuing to grow our market share throughout the region,” Mr. Neyer said Tuesday. “We have some strong land positions, and we're looking at a couple of high-profile projects in Northern Kentucky.”

        He declined to discuss details of the projects. The company controls some 525 acres of development property in Northern Kentucky.

        Al. Neyer Inc. has already established itself as a major player in Northern Kentucky development with Riverview Business Park, a 200-acre corporate campus near the Cincinnati/Northern Kentucky International Airport.

        The company also has developed Walton Industrial Park near I-75 in Walton, Lakeland Business Park near the airport, and the Donaldson Road Industrial Park.

        Neyer also built a 275,000-square-foot distribution facility in Ashland, Ky., for uniform giant Cintas Inc., and is the preferred developer for the office/condo building project east of the L&N Bridge in Newport, part of the Newport on the Levee commercial development.

        “We certainly see Northern Kentucky as a strong market,” Mr. Neyer said. “The entire (development) market in general has slowed and become a little more cautious in the past few months, but we still see Northern Kentucky in particular as a hotbed for development.”

        Mr. Neyer emphasized that the company is looking at all of Northern Kentucky, “and frankly all of the Commonwealth. We're looking at a couple of things in Louisville that may work out, and the Lexington area is also attractive.”

        Mr. Neyer said he is looking for someone with an intimate knowledge of the Kentucky market and extensive development experience for the Kentucky development director position. The new director will also be in charge of developing new markets in Kentucky and will oversee expansion of the Kentucky division.


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