OPPORTUNITY

IRG Batavia was the former 1.8 million SF Ford Transmission Plant, which provided many jobs to Clermont County Area. The University of Cincinnati was looking to expand its current Clermont County facilities on their existing property, but realized a potential opportunity at the IRG Batavia site through a lead provided by the Economic Development Office of Batavia. A partnership began to develop between IRG and University of Cincinnati while the deal between IRG and Ford was being finalized. IRG closed on the property and lease documents were executed in April 2010. IRG Realty Advisors worked closely with the leasing and transaction teams to ensure a smooth transition for University of Cincinnati.

OUTCOME

The University of Cincinnati initially occupied 82,000 SF of the Administrative Building. IRG has since added two additional manufacturing tenants to the site and sold off 900,000 SF in 2013 to Huhtamaki for their North American packaging operations. IRG Realty Advisors performs facility services for University of Cincinnati. and provided a reduction in operating expenses for a multitude of services by leveraging its national buying network and conducting on going analysis of energy usage and the overall service delivery model. This has created a comprehensive service delivery platform that has driven consistency, quality and safety throughout the campus, which has become a vibrant working campus with multiple jobs added to Clermont County and the Village of Batavia.