Newmark Grubb Knight Frank (NGKF) Retail is pleased to announce that Cincinnati Commercial Real Estate, an Ohio corporation and part of the NGKF organization, has recently completed a new lease to Chipotle Mexican Grill (NYSE:CMG) at 10565 East Kemper Road in Loveland, Ohio on behalf of the property owner, L & K 9 LLC.
10565 East Kemper Road is a newly constructed retail strip center located at the corner of Loveland Madeira Road and East Kemper Road. Chipotle’s 2,250-square-foot lease at the strip center will serve as a new location for the restaurant and includes an outside patio area. Retail Specialist TC Bartoszek and Managing Director John Thompson represented ownership in the lease negotiations. Chipotle is the newest tenant of the strip center, joining Starbucks Coffee and Sport Clips Haircuts. Bartoszek and Thompson will continue to market the remaining available suite within the strip center, which is 1,200 square feet.
“We are pleased to have represented the landlord in this lease transaction,” said Bartoszek. “Chipotle brings a highly-desired food user to a neighborhood community that is part of the fast-developing northeastern corridor along I-275. The high-trafficked area also made it an ideal fit for them. We also have two signed letters of intent, which leaves only one space remaining in order to obtain 100 percent occupancy.”
Completed in November 2016, 10565 East Kemper Road is located in Loveland, a strong neighborhood trade area complimented by older and newer homes. The area boasts strong demographics with median household incomes of $91,255 and a total population of over 112,445. The property also benefits from its location on the signalized intersection of Loveland Madeira Road and Kemper Road.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.