NewsroomNovember 2018NAIOP Names Erlanger Commerce Center “Industrial Deal of the Year”Newsroom Archives 2024 February 2023 DecemberOctoberSeptemberJanuary 2022 DecemberNovemberOctoberAugustJulyJuneMayAprilMarchFebruaryJanuary 2021 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruary 2020 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2019 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilFebruaryJanuary 2018 DecemberNovemberOctoberAugustJulyJuneMayAprilFebruaryJanuary 2017 NovemberOctoberSeptemberAugustJulyJuneMayAprilJanuary 2016 DecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary 2015 DecemberSeptemberJulyJuneAprilMarchFebruaryJanuary 2014 DecemberSeptemberMarch 2013 DecemberAugustJulyMarch Thursday November 1, 2018 NAIOP Names Erlanger Commerce Center “Industrial Deal of the Year” Al. Neyer and Hillwood Development are celebrating the successes of creating a winning industrial deal one mile away from Cincinnati/Northern Kentucky International Airport. The Erlanger Commerce Center was named Industrial Deal of the Year by NAIOP Cincinnati in early November. The 1.9 million SF project comprising of three buildings gives new life to a site along Interstate 72/75 that was left vacant when Showcase Cinemas closed in 2008. The development team acquired the 125-acre site to create an e-commerce distribution center offering three buildings with easy access to Interstates 71, 75, and 275. Coca-Cola, Perfetti Van Melle, and Duro Bag have signed on as tenants and will take advantage of the the buildings’ 36′ clearance height and efficient cross-dock configuration. All three tenants will be able to move material in, repackage it, and send it back on the road with ease. The Erlanger Commerce Center represents Al. Neyer’s largest project to date. The development will prove to be a major driver for the local economy. In a study executed prior to the announcement of tenants, The UC Economics Center calculated that construction of the site would lead to further spending of nearly $33 million in other industries, resulting in economic activity totaling nearly $87.5 million. The study projected on-site employment of up to 2,800 people with annual wages of $70 million, and $45 million in indirect wages in the area. Operations at Erlanger Commerce Center, combined with local purchases, was expected to generate around $675 million in increased economic activity annually in Erlanger, Kentucky. The site sat vacant for such a long period of time because of a number of development challenges – not the least of which were an extensive stream and wetland areas and a 26” gas transmission line owned and operated by Duke. Working with the City of Erlanger and Kenton County, Al. Neyer and Hillwood were able to overcome these challenges through the use of Industrial Revenue Bonds and the creation of a TIF district. The TIF district was created to encompass the project site as well as surrounding areas in which the City wishes to encourage additional development. The first building at Erlanger Commerce Center is on track for completion by the end of 2018. The second phase is scheduled for a May 2019 completion, with the third building to be completed in November of 2019. Recent NewsThursday March 28, 2024Al. Neyer Wins NAIOP Nashville’s 2024 Industrial Development of the Year AwardWednesday March 13, 2024Al. Neyer Named 2024 Best in Business Finalist by Nashville Business JournalMonday February 26, 2024Shoals Technologies Group Invests $80M in Relocation to Shoals Way IndustrialMonday December 4, 2023ArtWorks Mural at The Hayden Adds Vibrancy to Roebling Point