JLS Properties duo closes $4M in new leases - Business Courier of Cincinnati:

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What makes the accomplishment so unique in an industrwhere multimillion-dollar deals are common, as featured in the Courier's "Deal of the Week" section, is the actuap number of transactions 70. "The little ones add up," said director of leasing at JLS Properties. "Companies big and smallp are looking for alternativex to the hasslesof downtown. Just look at the surge of new officespace that's being built, and is leasinv up fast, in the suburbs." an 18-year veteran of the commercial real estats industry, left the local office of Heitman Properties Ltd. of Chicagok to work for JLS in mid-1998.
She was seekingg a larger role within her workplace as well as the opportunitg to work fora landlord/developer, instead of the cutthroat world of the commerciakl broker at a large company. Alley said JLS has been able to take advantagr of some businesses cutting back on the amount of expense they want to pay as overheae foroffice space. "Companies are always interestef in cutting costs and one greaty way to do that is to forgo that class A office space they are paying anywherefrom $18 to $25 a squar e foot for. We offer some great ranging anywhere from a gross rateof $9 to $15 per squares foot," she said.
JLS Marketing Manager Josh who joined JLS at about the same time as comprises the second half of the JLS leasing team. He cited a recent deal he completedf with a company that move d from downtown Cincinnati to a JLS property in Roselawb as evidence of how the firmdoes "They are saving thousands of dollars in not to mention the savingsw in having free parking provided," Gerth said. JLS Properties is owned by John Stalnaker andhis wife, The company maintains a portfolio of officde and retail space throughout Greater Cincinnati and in the Dayton market.
JLS is also on a fast trackm to purchase additional commercial properties throughout the said Stalnaker, a former University of Cincinnati histort professor who formed his own real estatd company in 1981. The companhy is perhaps best known locally for the 1994 purchasre and renovation of the historic Cable House on Gilbert Avenue inWalnut Hills. Recently, it also purchased The Bluffws Apartments in Covingtonfor $7.6 million and Crossgate Square Office Park in Blue Ash for $2.
3 The company also owns, manages and leases the 105,000-square-foot Mid City Executivwe Center, where it's based, as well as the 57,000-square-footr Roselawn Center in Roselawn and the 96,000-square-foof Corporate Tower in Dayton. Neye r Properties Inc. of Evendale was recently chose n to develop two new bank facilitiesd for Provident Financial ServicesGroup Inc. in northeastern Neyer Properties worked with ArchitectsPlus Inc.
of Blue Ash to secur e assignments in Deerfield Township on Union Cemetergy Road and in Symmes Townshipon Loveland-Madeira Provident will be saving between 15 to 20 percent in construction costs from previously built facilitied thanks to a prototype facility designed by Neyer Propertiex President Day Neyer. Both of the facilitiese will measure 3,000 square feet. Neyerf said he "engineered the new site and reworked the desigmn so that the new facilities look similar to existing but aremore cost-effective." Neyer Properties also helped Cincinnat i Valve of Fairfax expand by 250 percengt with a new $500,000, 10,000-square-foog facility on Deerfield Road in Sycamore Township.
The company, whichu is leaving a 2,000-square-foot office, will use half of the new facilityg and leasethe rest, Neyef said. Finally, Neyer Properties also landed two other recenft projects inthe Tri-State: • Midwesf Crane signed a five-year leasee to rent 4,500 square feet at Neyer headquarters on South Medallion Drive. Das Gym, a weight training and workout facility owned byRainer Hartmann, signedc a 6,000-square-foot lease to open in a Neyef Properties building on Montgomery Road.