Kroger exits lease for 'digital HQ' downtown
Cincinnati Business Courier
The Cincinnati region's source for local business news & events. Part of the American City Business Journals network.
The Kroger Co. made headlines multiple times this week – but in Thursday’s top-read story, it wasn’t because of continued hiccups with its planned $24.6 billion planned acquisition of Albertsons Companies .
Kroger has moved an unknown number of employees out of downtown after a major leased ended at Atrium Two, located at 221 E. Fourth St. in the Central Business District. Those team members relocated to the City of Blue Ash .
Kroger had a lease for nearly 75,000 square feet at the space, which it called its “digital HQ.” The lease agreement lapsed during the fourth quarter 2023, according to commercial real estate firm 世邦魏理仕 .
The move was a result of “careful consideration” on behalf the nation’s largest traditional grocer, a spokesman told the Courier.
Kroger?received in 2018 an incentive agreement from the city of Cincinnati ?to create the digital HQ.?
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Sibcy Cline acquires competing real estate firm in more than 200-agent deal
Two competing real estate brokerages in the Tri-State are joining forces . The deal adds more than 200 licensed agents to a firm that already ranks as one of the region’s three largest.
Sibcy Cline , an independently owned real estate brokerage, has acquired Fairfield-based Star One Realtors .?
Terms of the deal, which closed Feb. 26, were not disclosed. The news was announced to Sibcy and Star One team members Feb. 27.?
Historically, the two brokerages have gone head-to-head for market share. The expanded firm now boasts more than 900 licensed agents across the region.
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Jeff Ruby Culinary Entertainment sued in proposed class action claiming underpayment of tipped employees
A former employee launched a proposed class action federal labor lawsuit against Jeff Ruby’s restaurants Feb. 27, drawing a stern and incisive response from the blindsided culinary group.
Jeff Ruby Culinary Entertainment issued a statement Tuesday night saying the allegations are untrue and the company plans to defend itself “vigorously to the fullest extent of the law.”
The plaintiff, Jonathan Lamb, sued the company in U.S. District Court for the Southern District of Ohio on Feb. 27, claiming violations of federal and Kentucky law.?He is seeking to recover unpaid minimum and overtime wages, unlawfully retained tips, liquidated damages, restitution, attorneys’ fees, costs and other unspecified damages.
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Jeff Ruby CEO Ruby Miller cast Lamb as “one disgruntled former employee” whom the company terminated in 2023.
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Cintas investing $15M in Mason HQ, will create 125 high-paying jobs
Cintas , a Cincinnati-area Fortune 500, is investing $15 million to overhaul its Mason headquarters , a move that will create 125 new jobs.
The corporate uniform maker plans to transform the 500,000-square-foot building, Cintas CEO Todd Schneider said. The overhaul is being done in preparation for a planned transition back to in-office work, according to a scope-of-work document filed with the state of Ohio
Cintas announced the investment Feb. 26 after the Ohio Tax Credit Authority awarded the project a 2.1%, 10-year Job Creation Tax Credit. The tax credits are estimated to be worth $2.2 million, according to the Ohio Department of Development.
The new jobs will cover a variety of areas. Those roles come with new annual payroll of $12.5 million, paying an average of $100,000 per position.
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Feds float potential new Amtrak routes that would connect Cincinnati, New Orleans, Texas, Michigan
The Federal Railroad Administration is considering two new long-distance Amtrak routes that would include #Cincinnati , one from #Dallas to #New York and another between #Detroit and #New Orleans.
If approved for funding, those new routes would come after a daily expansion of the Cardinal service, which runs from New York to Chicago through Cincinnati and is the only existing Amtrak route through the city today.
The routes being considered “begin and end in major markets, string together multiple intermediate markets, avoid circuitous routing and are more than 750 miles but less than 2,000 miles in length,”?according to the FRA .
This Weekly Edition was compiled by Courier Digital Editor Liz Engel . Questions? Comments? Send them to [email protected] .
Navigating the dynamic real estate landscape ??reminds me of Warren Buffett's approach - focus on long-term value. Sibcy Cline's expansion is a strategic step, demonstrating resilience and foresight in an ever-evolving market. #RealEstateTrends