Shown left to right are Kate Myers of CBRE; Andrew St. Clair, vice president and director of Asset Management, and Jon Burger, assistant vice president and director of Facilities and Property Management, Eagle Realty Group; and Scott Yards and Travis Likes, both of CBRE.
On Nov. 7, Western & Southern Financial Group’s lease of seven floors at Columbia Plaza was recognized by the Cincinnati/Northern Kentucky chapter of NAIOP as Office Deal of the Year for 2019. Eagle Realty Group, a subsidiary of Western & Southern, and CBRE received the award at NAIOP’s annual Night of the Stars Gala.
NAIOP is the leading organization for developers, owners, investors, and related professionals in commercial real estate. Andrew St. Clair, vice president of Asset Management at Eagle Realty Group, is the current president of NAIOP’s local chapter. CBRE is the real estate firm that represented Columbia Plaza’s ownership in the lease transaction.
Western & Southern’s lease of 126,000 square feet at Columbia Plaza will have a significant impact on the downtown Cincinnati real estate market. Not only is the transaction the largest Cincinnati central business district (CBD) office lease in over three years, but it also removes from the market the largest block of vacant space in the CBD. With much less contiguous vacant space remaining on the market, supply constraints are creating conditions favorable to new development.
Eagle Realty Group previously won NAIOP’s 2017 Hospitality Deal of the Year award for the development of the AC Hotel at the Banks.