Archive for Ackermann Group

Third-Generation Ackermann Group of Cincinnati Continues to Expand: in Greater Cincinnati, Dayton, Columbus, Indianapolis and Kentucky. Press Release! Photos! Video! @BusinessCourier story! ~~ http://www.ackermanngroup.com v. 2015 by @CincinnatiPR

Posted in AndyHemmer.com PR with tags , , , , , , on 08/31/2015 by @CincinnatiPR

PDF: Third Generation Ackermann Continues To Expand in Cincy Dayton Columbus Indianapolis and Kentucky – Press Release 8.31.15

Cincinnati Business Courier story published 8.28.15: BizCourier on Ackermann 8.28.15

on Cincinnati.com: Third Generation Ackermann Group Continues to Expand – Press Release 8.31.15

Third-Generation Ackermann Group Continues to Expand

Projections have Ackermann Group building, developing or acquiring 500 units annually.

Cincinnati-based Ackermann Group continues expansion in Greater Cincinnati, Indianapolis, Columbus and Dayton markets

Ackermann Group execs (left to right) Greg Long, Lasserre Bradley and Dobbs Ackermann ~~ Courier story: http://www.bizjournals.com/cincinnati/print-edition/2015/08/28/ackermann-group-turns-to-apartments-to-double-size.html

Ackermann Group execs (left to right) Greg Long, Lasserre Bradley and Dobbs Ackermann ~~ Courier story: http://www.bizjournals.com/cincinnati/print-edition/2015/08/28/ackermann-group-turns-to-apartments-to-double-size.html

[NORWOOD, Ohio ~ August 31, 2015] Seventy-five years after the Ackermann Group first opened shop as an apartment builder and single-family homebuilder in Cincinnati’s suburbs, this real estate services company is now a savvy force in its hometown and beyond, a third-generation builder and developer expanding across multiple Midwestern markets.

Ackermann Group of 2015 is a robust, diversified residential and commercial developer, looking to expand in major fashion by adding, building or buying as many as 500 apartment units annually.

Emphasizing the “Stay, Work and Play” mantra that the community-based developer has become, “growth today can come from several different avenues, whether by acquisition, new construction or value-add renovations,” says CEO Dobbs Ackermann of the Norwood-based company (www.ackermanngroup.com).

“There are just some incredible opportunities that we are seeing every day with our partners, investors and the communities; opportunities happening in the same places we’ve been fortunate enough to work previously, as well as in new markets,” said Ackermann.

Growth in such specific, defined terms only occurs when a slew of social and economic factors favorably align with a developer’s stars.

That mix of timing, cash and opportunity has particularly coalesced over the last year or so, as Ackermann Group gears up in its hometown and for a sustained Midwestern expansion into Dayton, Indianapolis, Columbus and eventually further south into Kentucky.

The path to progress for Ackermann Group has picked up with the following:

  • The Fort in Indianapolis, a 226-unit apartment complex recently acquired in Lawerence, Indiana;
  • The Flats at Fishers Marketplace is a $35 million, 306-unit multi-family residential new development connecting lifestyle and convenience north of Indianapolis;
  • Austin Park in south Dayton (Miamisburg, next to Austin Landing) will soon provide more than 226 luxury apartments ringed by commercial, retail and restaurants;
  • University Station in Cincinnati just recently delivered (late last year) a high-end community near Xavier University with 480 student housing residences, office and retail;
  • The hiring of Lasserre Bradley III as Vice President of Real Estate, to spearhead new development opportunities.
Ackermann Group on the @BusinessCourier app

Ackermann Group on the @BusinessCourier app

For more information about Ackermann Group, please call (513) 842-3100 visit www.ackermanngroup.com or send an e-mail to info@ackermanngroup.com.

# 30 #

Third Generation Ackermann Group Continues to Expand - 8.31.15 press release by Andy Hemmer

Third Generation Ackermann Group Continues to Expand – 8.31.15 press release

‘UNIVERSITY STATION GAINING STEAM’ ~~ Ackermann Group Q-and-A on ‘Affinity Tenants,’ the XU Entertainment District, and the hottest redevelopment and mixed-use (office/retail/residential) project in Greater Cincinnati ~~ Teased on Page 1 in your Cincinnati Business Courier and featured in ‘Structures,’ specialty pub for the built environment ~~ thx, @BusinessCourier and @TomCinciBiz! ~~ http://www.AckermannGroup.com

Posted in AndyHemmer.com PR with tags , , , , , , , , , , , , , on 05/20/2014 by @CincinnatiPR

UNIVERSITY STATION GAINING STEAM

OFFICES FILLED FOR 1ST PHASE AS SETTING NEAR CAMPUS PULLS IN TENANTS

Even before the first phase of development at University Station was complete, all 46,000 square feet of office space were leased.

University Station is a $54 million mixed-use development on 15 acres near Xavier University in Evanston. The 315,000-square-foot project, which is being developed by Ackermann Group and Messer Construction Co., also includes retail space and student housing.

But with strong demand for office space, Dobbs Ackermann, CEO of Ackermann Group, is looking at even more office space in Phase iI. Dobbs weighs in on what drove demand, how the rest of the development will come together and the larger trend of office users seeking out mixed-use space:

Cincinnati Business Courier: University Station has leased all of its office space. What drove the demand?

Dobbs Ackermann, Ackermann Group: University Station is attracting an office tenant that is looking for a central location, a campus environment and has interest in being connected to a growing and respected Xavier University.

Cincinnati Business Courier: Will you adjust the mix of office space for Phase II, based on demand for the first phase?

Dobbs Ackermann, Ackermann GroupThe Phase II portion of the development calls for up to 250,000 more square feet of office. We believe the market will absorb that amount of square feet given the overall project dynamics. The development team of Messer Construction Co. and Ackermann Group, along with a group of local investors, and Xavier are bringing a vision to life that has created an on-campus experience, adjacent to campus. The energy that is garnered from the student environment and the transformation of a community is a major driver in the office environment that is being created.

Cincinnati Business CourierWhy are office users attracted to mixed-use developments?

Dobbs Ackermann, Ackermann Group: Office users today are attracted to mixed-use developments because they are planned for the way people want to live, work and play. Parking is convenient, office spaces are efficient and healthy, and the entertainment element is an integral part of the lifestyle built into the development. Mixed-use today is healthy, efficient, safe and walkable – all of which makes for a more productive work environment. Our goal as a development team is to help make the users of our developments more successful. We do that with thoughtful planning and details that foster business.

Cincinnati Business CourierAside from the tenants that signed leases, what other type of tenants have shown interest?

Dobbs Ackermann, Ackermann GroupWe are calling our interested tenants “affinity tenants.” Everyone to date has had an interest to be a part of the Xavier growth and momentum. They are interested in being connected to students for internships, to the classrooms for programming or to the campus for the electric environment that students bring. The site has had tremendous interest due to its ability to attract large or small users – 5,000 to 150,000 square feet.

Cincinnati Business Courier: What made this a good site for redevelopment?

Dobbs Ackermann, Ackermann Group: If you look at the Interstate 71 corridor you will see that between Oakley and Clifton, major redevelopment has already taken place (in the range between $50 million and $100 million developments). Rookwood Exchange, Center of Cincinnati, Linden Point, Cornerstone, Keystone, etc. This site is in the center of all that development. From a bird’s eye view, if you look at I-71, this property and the surrounding area represent the hottest pocket for redevelopment. South Norwood and Evanston have amazing infrastructure. There are major road arteries, there is highway access, there is market for office, retail and residential. We are looking to build an entertainment district for the area that isn’t currently there, and our prediction is that over the next five years, this area will become the hottest redevelopment market in all of Cincinnati.

# 30 #

 

 

 

Graeter’s, Starbucks and the XU Bookstore: Ackermann/Messer announce first retail wave at University Station in Evanston (Cincinnati), $54M mixed-use center near Xavier University

Posted in AndyHemmer.com PR with tags , , , , , , , , , , , , , , , , , , on 05/08/2014 by @CincinnatiPR

Press Release: University Station from Ackermann Group and Messer Construction announces first Retail – Press Release – 5.7.14

UNIVERSITY STATION, MIXED-USE MECCA BROUGHT TO YOU BY ACKERMANN GROUP, MESSER CONSTRUCTION CO. AND XAVIER UNIVERSITY, ANNOUNCES RETAIL TENANTS

Retail Space in New Cincinnati Development at Xavier University Now 40% Leased

{link to Business Courier story on University Station retail}

{link to Cincinnati Enquirer story on University Station retail}

University Station from Ackermann Group and Messer Construction announce first round of retail XU Bookstore Graeters Starbucks

 

{CINCINNATI, OHIO} – The first wave of retail to reign upon (and from) the hottest spot in Greater Cincinnati  is a collegiate delight of schoolbooks, scones, lattes, Musketeer swag, Starbucks and that oh-so-Cincinnati favorite, Graeter’s Ice Cream.

University Station, a mixed-use mecca brought to you by Ackermann Group and Messer Construction Co. will include nationally renowned Follett Corp. of Illinois, $2.7 billion operator of bookstores nationwide including the Xavier University Bookstore, a Starbucks within the bookstore and Graeter’s, making University Station Phase I 40 percent leased.

University Station from Ackermann Messer announces Retail - 5.7.14 photo ONE

University Station, located adjacent to the Xavier University campus at Dana and Montgomery roads straddling Norwood and Evanston, is scheduled to open in August. It will bring new student housing – which is 93 percent leased, ample parking and a friendly mix of retail and office tenants to augment life in and around the neighborhood.

We are thrilled to have the opportunity to expand from campus into the Xavier neighboring community,” said Michael Hubbard, Director of the Xavier University Bookstore. The new store will nearly double the size of the current on-campus store and offer robust assortments of technology, supplies, clothing and gifts as well as a full-service Starbucks with a large seating space.

University Station from Ackermann Messer announces Retail - 5.7.14 photo TWO

The new space contributes greatly to our mission to maximize customer access to needed materials, as well as service as a central hub for the local community,” Hubbard said.

We are excited to be a part of the Xavier community,” said Chip Graeter, fourth-generation owner of Graeter’s. “We are looking forward to serve the students and neighborhood our handcrafted ice cream for years to come.”

University Station is a 315,000-square-foot mixed-use development at Montgomery Road and Cleneay Avenue, adjacent to the Xavier campus. Named for the rail line that runs through the site, University Station is designed to be a vibrant connection point for neighboring residents and students, employees of the university and the broader community. It is located on a 15-acre site that is connected by a neighborhood street grid.

The first phase of the $54 million development will be completed in August 2014 and includes 46,000 square feet of office space, 39,000 square feet of retail11,000 square feet for the Xavier University bookstore — 1,000 parking spaces and a 225,000-square-foot, 479-bed, 178-unit apartment complex to service Xavier students and the local community. Interest in the development is strong with 40 percent of retail and 90 percent of apartments leased.

University Station from Ackermann Messer announces Retail - 5.7.14 photo THREE

Office space is 100 percent leased to TriHealth (Bethesda Family Practice, Queen City Physicians) and CTI Clinical Trial and Consulting Services.

Planning for University Station Phase Two is underway and will include significant additional office space, more new retail and possibly a hotel on the remaining 300,000 square feet of property.

University Station is spurring a revitalization of the community, that’s been a long time in the making. It’s an exciting time for those who live, work and study in the area, and we’re looking forward to move-in later this summer for our tenants and apartment residents,” said Dobbs Ackermann, CEO of Ackermann Group.

The project is being financed by a lead loan from U.S. Bank and through an allocation of New Market Tax Credits (NMTC) from local and national sources currently being finalized. In addition, the project will use funds from a City of Norwood Tax Increment Financing (TIF) District to help finance the required public improvements.

University Station is a transformative project in a variety of ways,” said Michael J. Graham, S.J. president of Xavier University. “Our upper class and graduate students will have the option to live off campus in new market rate apartments within walking distance to campus, a larger bookstore with a Starbucks will make it a destination not just for students but the entire community and our office tenants, TriHealth and CTI will be tremendous academic and community partners.”

The land is owned by XUPROP CO and leased for 95 years to a Ackermann/Messer entity, with the buildings and other improvements owned by the developer as well. The project is an off-campus project intended to serve the University and larger community and create a welcoming environment for the whole neighborhood.

University Station from Ackermann Messer announces Retail - 5.7.14 photo FOUR

Project partners include:

Developer: Ackermann Group and Messer Construction Co.

Construction: Messer Construction Co.

Architect: Costandi Studio, LLC

Residential Architect: Humphreys & Partners, LP

Civil Engineer: The Kleingers Group

Landscape Architect: Martin Koepke Design

Retail leasing: Jeffrey R. Anderson Real Estate

Commercial leasing: CBRE

About Messer Construction Co. Messer Construction Co. is a construction manager and general contractor providing leadership for complex commercial building projects. Founded in 1932, Messer has built a premier reputation through outstanding construction experiences and value with a focus on health care, life sciences, higher education and industrial markets. An employee-owned company, Messer ranks nationally as one of the premier health care builders and Top 100 largest contractors. Messer was honored with the 2009 International Torch Award for Marketplace Excellence by the Council of Better Business Bureaus for superior commitment to exceptional standards that benefit customers, employees, suppliers and surrounding communities. In fiscal 2012, Messer put in place more than $792 million in commercial construction. www.messer.com.

About Ackermann Group Ackermann Group is a third generation real estate company based in Cincinnati, Ohio that focuses on real estate acquisitions, urban redevelopment and property management operations. Ackermann Group strives to be among the most respected real estate companies in the region by providing lasting value to communities, residents, businesses, and investors through integrity, reliability and commitment. Ackermann Group’s mission is to foster renewed viability and profit for underperforming or underdeveloped real estate assets through strategic, long-term partnerships. By initiating and cultivating relationships between public and private entities, the company facilitates the redevelopment and long-term stabilization of real estate assets. Capabilities include acquisitions of commercial real estate; development of residential, commercial, retail, and mixed-use projects; residential and commercial property management; and receivership services. www.ackermanngroup.com.

About Xavier University Xavier University is a private university located in Cincinnati, Ohio, providing a liberal arts education in the Catholic, Jesuit tradition. Founded in 1831, the university is the sixth-oldest Catholic university in the nation. U.S. News & World Report ranks it No.4 among master’s-level universities in the Midwest, and The Princeton Review names it as one of the “Best 377 Colleges in America.” www.xavier.edu.

MEDIA CONTACTS:

Jessie Folmar, Messer Construction Co., 513.482.5369 (o), 513.518.3147 (c), jfolmar@messer.com

Kelly Leon, Xavier University, 513.745.3877 (o), 513.235.3836 (c), leon@xavier.edu

Andy Hemmer, Ackermann Group, 513.604.5428 (c) andy@andyhemmer.com

# 30 #

%d bloggers like this: