Newmark Knight Frank has been appointed as the exclusive real estate broker for the redevelopment of the former Procter & Gamble Sharon Woods Innovation Center in Blue Ash, Ohio. The Blue Ash campus was acquired by RER Ventures LLC and Vandercar LLC.
RER is the investment vehicle for RER Financial Group, one of the nation’s major real estate and financial consulting firms. Vandercar is a commercial real estate development company focused on providing development services to high-credit retail, office and industrial clients.
The 132-acre former Procter & Gamble property stretches one-third of a mile along Reed Hartman Highway on the north end of Blue Ash, from Sharon Woods on the west to Grooms Road on the east. The site is easily accessed from Interstate-275, and is located within 10 miles of 28 percent of all greater Cincinnati households.
NKF Executive Managing Director Doug Altemuehle and Managing Director Darin Armbruster were hired by the new ownership group to lead the brokerage team marketing the property.
“Today’s employers are looking for work environments that allow them to recruit the best talent, communicate their brand, and embody company culture with flexibility, security and control,” said Altemuehle, in a statement. “The interest we are attracting from numerous corporations tells me there is unmet demand for a different workplace solution that this site delivers.”