Al. Neyer, Inc. - News - March 9, 2009

March 9, 2009
For Immediate Release

Construction begins today on 444 West Third Street, U.S. HQ of dunnhumbyUSA

Mayor Mark Mallory and City Manager Milton Dohoney, Jr. headline March 9 ceremony that features dunnhumbyUSA CEO Simon Hay starting demo work on site

Renovation of 150,000-sf 1920s-era building into state of the art workspace; retains 300 dunnhumbyUSA employees downtown; firm expects to create 150 new jobs

EVENT:
March 9, 2009

DOWNTOWN CINCINNATI – Mayor Mark Mallory and City Manager Milton Dohoney, Jr. welcomed city officials and business and economic development leaders downtown March 9 at 10 a.m. to mark the official construction commencement of the restoration of 444 West Third Street from a vacant warehouse into the new headquarters for dunnhumbyUSA, an international leader in building sales and brand value for consumer goods and retail companies. The ceremony also recognized the commitment of dunnhumbyUSA as the project’s redevelopment catalyst as well as the public commitment of the City of Cincinnati in the form of tax credits and property tax abatement on the improvements for a 12-year period and the contribution of a maintenance facility on the site that will be razed to make room for employee parking.

dunnhumbyUSA’s CEO Simon Hay noted, “We are particularly proud to celebrate our five years in business and our partnership with The Kroger Co. by committing long-term to Downtown Cincinnati. Our enhanced headquarters will help us better serve all of our clients and will provide a state-of-the-art environment for our talented staff.”

The Offices at 444 West Third Street

The Mayor, City Manager, development and design partners and dunnhumbyUSA CEO Simon Hay spoke at a unique ceremony at 10 a.m. outside of the 444 West Third Street building, during which Mr. Hay drove construction equipment that began the demolition of the 10,000-square-foot City maintenance facility that exists on the site. It is being razed to provide employee parking. About 60 are expected to attend.

Mayor Mallory remarked about the importance of partnership to the momentum of development projects.

“This partnership shows that Cincinnati, Ohio, is a good place for business growth and the City is glad dunnhumbyUSA has chosen to expand here,” said City Manager Milton Dohoney, Jr.

“444 West Third Street represents another exciting investment in downtown Cincinnati for Al. Neyer, Inc. and continues what our company started when we took a pioneering position in this part of downtown with the 2000 purchase and renovation of 302 West Third Street next door,” according to David F. Neyer, president and CEO of Al. Neyer, Inc. Al. Neyer is the project developer providing design-build services on the project. dunnhumbyUSA signed the lease in November 2008 to locate in the new building from its current location at 302 West Third Street.

“Al. Neyer is proud to have been able to provide a combined total of more than 200,000 square feet to dunnhumbyUSA since the company’s beginnings in 2003,” Mr. Neyer says. He says the total capital investment to renovate 444 West Third Street will exceed $17 million. The City of Cincinnati’s contribution, including the value of the maintenance facility, is significant and key to the project’s success.

About City of Cincinnati Economic Development Division
The Economic Development Division (EDD) is focused on major economic development projects and the revitalization of downtown Cincinnati. It serves as a liaison between City departments and the business and development communities and provides access to financial, informational, and technical assistance to those seeking to invest and grow in Cincinnati. EDD deals completed by the City in 2008 with companies like Eagle Realty, Medpace and dunnhumbyUSA will result in the creation of more than 3,600 new jobs within the City of Cincinnati over the next five years and more than $425 million in new capital investment.

About Al. Neyer, Inc.
Al. Neyer, Inc. is a 115-year-old commercial real estate development and design-build company, responsible for millions of square feet of office, industrial, health care and mixed-use space that contributes to the economic vitality of cities in which we build. Al. Neyer was among the first contractors in this region to embrace the design-build method of construction that integrates design and construction decisions and promotes collaboration. Al. Neyer continues to enhance our green building design and construction capabilities both for our clients, and our own projects. Five of our staff holds LEED Accredited Professional credentials and the company has been involved in three LEED registered projects. Al. Neyer is consistently ranked among Greater Cincinnati’s largest privately held companies.

About dunnhumbyUSA
dunnhumbyUSA combines proven natural abilities with big ideas to find clues and patterns as to what customers are buying and why. dunnhumbyUSA turns these insights into actionable strategies that create dramatic growth and sustainable loyalty, ultimately improving brand value and the customer experience. dunnhumbyUSA is a joint venture between The Kroger Company and London-based dunnhumby. Employing more than 300 people in Cincinnati, Atlanta, Chicago, Minneapolis and New York, dunnhumbyUSA serves a prestigious list of companies, including Kroger, Macy’s Coca-Cola, General Mills, Kimberly-Clark, PepsiCo, Procter & Gamble, and The Home Depot. dunnhumbyUSA has been recognized for three years running as a Best Place To Work and one of the fastest growing companies in Cincinnati by The Business Courier. For more information, visit www.dunnhumby.com.

CONTACT:
Meg Olberding
City of Cincinnati
(513) 352-5358

Ann Keeling
For dunnhumbyUSA
(513) 381-3248

Gail Paul
Al. Neyer, Inc.
(513) 379-8153

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