Thursday, June 25, 2009

Additional parking OK'd for dunnhumbyUSA expansion

Cincinnati City Council has passed unanimously an ordinance allowing the City to enter into a property lease and parking license agreement with dunnhumbyUSA to aid in the relocation and expansion of the company's Downtown headquarters.

Once the agreements are finalized, the company will lease the 1.1-acre right-of-way along portions of John Street and Sawyer Court for $1 per year and will receive 158 surface parking spaces in an adjacent City-owned lot for the monthly rate of $60 per space.

Both agreements will last for five years, with an optional five-year renewal.

Last November, dunnhumbyUSA signed a 10-year lease to occupy the 150,000-square-foot building at 444 W Third Street, which is undergoing a $17 million renovation by developer Al. Neyer, Inc.

The company, which currently employs more than 260 at 302 W Third Street, plans to add up to 350 positions within the next five years.

Previous reading on BC:
Lease, parking agreement could aid dunnhumbyUSA expansion (5/21/09)
'Hybrid' of four Brent Spence alternatives recommended (5/13/09)
Cincinnati budgets for expanded dunnhumbyUSA parking (12/22/08)