Fortune 500 Company Consolidates Local Operations to Blue Ash Building

Fortune 500 company consolidates local operations to Blue Ash building bizjournals.com/cincinnati/news/2022/04/22/insight-enterprises-consolidates-blue-ash.html

Insight Enterprises signed a lease for 13,700 square feet of space in Landings III. Courtesy Colliers International

By Tom Demeropolis – Senior staff reporter, Cincinnati Business Courier Apr 22, 2022 A Fortune 500 company is consolidating its local operations to a Blue Ash office building.

Insight Enterprises, an Arizona-based publicly traded global technology company, signed a long-term lease for 13,700 square feet of space on the fourth floor of Landings III at 9987 Carver Road. There, the company is consolidating the local operations of two companies it acquired, Cardinal Solutions and PCM Inc. Cardinal Solutions will relocate from Redstone of Kenwood at 7755 Montgomery Road, while PCM is moving from nearby McAuley Place at 4600 McAuley Place. Insight Enterprises is expected to move into the new office this summer. The office space will have room for about 75 employees.

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Andy Weeks, executive vice president of VanTrust Real Estate LLC, said this is one of six new tenants the company has added at Landings in the last 12 months, “which provides direct evidence that best-in-class office space is still in high demand.”

Scott Abernethy, senior director with Cushman & Wakefield, represented building owner, VanTrust, in the lease. Matt Smyth, brokerage vice president with Colliers International, represented Insight Enterprises in the transaction.

Smyth said Insight Enterprises liked its space in Redstone but was unable to expand there or at any other building in the Kenwood submarket. When the company started looking at Blue Ash, it was attracted to Landings III’s exposed ceilings, polished concrete floors and proximity to Summit Park.

“It offered the ability to create an impactful space for employees,” Smyth told me. “Once we found that space at Landings, we knew that was going to be the front runner. Enhancing employees’ lifestyle is a big story right now.”

Abernethy said even though Landings is not part of Summit Park, its proximity has made it attractive to a number of office tenants. Plus, the building features designs and amenities that are attractive to today's office users.

"The rates are the highest in Blue Ash, but we’ve been able to achieve that because of all the amenities and location,” Abernethy told me.

Landings III, a 140,000-square-foot class A office building, is now more than 93% leased. It was built on a speculative basis in 2017. Since then, tenants such as Stifel, Raymond James, Truepoint Wealth Management and Advarra have leased space in the building. The building offers surface and structured parking and has leading-edge workspaces with full-height windows, high ceilings and mechanical systems designed to accommodate open ceiling concepts.

Insight Enterprises acquired PCM in 2019 for $581 million and Cardinal Solutions in 2018 for $79 million. Insight provides computer hardware, software, cloud solutions and IT services to business, government, education and health care clients. It has net 2021 revenue of more than $9.4 billion. It ranks No. 360 on the Fortune 500.

VanTrust is a real estate development company that acquires and develops real estate assets for the Van Tuyl family portfolio and offers a range of real estate services including acquisition, disposition, development, development services and asset management. The company is headquartered in Kansas City, Mo., with regional offices in Columbus, Dallas, Phoenix and Jacksonville.

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