What to know before you sign: Understanding leasing options for commercial spaces Looking to lease commercial space? There are several lease options available on the commercial market—and none of them are created equal. Before you sign on the dotted line, make sure you understand what you are signing. “The building you lease should help you run your business more efficiently or profitably,” says Miller- Valentine broker Steve Ireland. “To ensure those goals are met, tenants need to understand different leasing options and how to determine the best fit for their business.” Three primary leasing options Most commercial lease structures fall into three categories: triple net (also known as NNN), full service, and modified gross. Triple-net leases tend to be more prevalent with retail and industrial businesses. With a triple-net lease, the tenant is responsible for paying property taxes, insurance, and operating expenses (the three “nets” in triple net). Single-net and double-net leases are also common, in which tenants pay for only one or two of the nets. In multi-tenant buildings, tenants typically pay a portion of these expenses based on the amount of square footage they occupy. With a triple-net agreement, expenses may fluctuate throughout the year, which can make (more)
Unless it involves closing out under budget or ahead of schedule, no one likes surprises on a construction project. For a project to run smoothly, meticulous planning, lining up the right team and the right resources, and good communication is imperative. These four tips could make your next project run more smoothly and even save you money. 1. Communication should begin early Bringing the contractor to the table before design gets underway always adds value to a project. As a team, the contractor and architect can pool their experience and insight to set realistic budgets and schedules based on the owner’s goals. Early dialogue also enables the contractor to identify and resolve potential issues that could impact the project during construction. Listening to owners from the outset is also key to good communication. “We make it a priority to define our customers’ expectations for how we communicate before every project gets underway,” says Dave Settles, Vice President of Account Management at Miller-Valentine Group. “That way we can tailor how we share information to meet their needs and preferences.” 2. Communication should be frequent It’s common sense that good communication is essential to avoid surprises. But project teams need to have (more)
Construction on Midway Logistics II, a 200,000 SF speculative industrial building located on ten acres of land in the Lexington County Industrial Park in Lexington, SC is well underway. Walls, structural steel, and the roofing are complete, placing this project on schedule for an October finish. In the coming weeks, the electrical work and fire sprinklers will be installed on the interior, while windows are installed and the exterior paint is applied. For more information about this project, contact Kevin Werner at 803.798.3800. Via Linked In Kevin Werner
Welcome CT Consultants to downtown Dayton — Miller-Valentine Group Associates welcome you to the Barclay Building. We’re glad Steve Ireland from our Realty Services team created an opportunity for you to grow your business within the Barclay Building. Best wishes for your continued success. Consulting firm moving to downtown Dayton
We are less than 30 days from the grand opening of Beckett Farms, an upscale apartment community in Fort Mill, South Carolina. Beckett Farms will offer 280 one-, two- and three-bedroom luxury apartments, including carriage units with garages underneath. Upgraded wood-style flooring, farmhouse-inspired fixtures, and lighting, as well as washers and dryers, are standard in all apartment homes. Gourmet-style kitchens will feature stainless steel appliances, granite countertops, free standing islands and tiled backsplashes. Visit Beckett Farms Facebook page at https://www.facebook.com/beckettfarmsfortmill/ for event details to be announced soon. For more information about this community, visit: Beckett Farms
The Professional Development Committee of the Dayton Racquet Club has announced the next event in their Downtown Development Series. On August 24th, from 5:00 – 7:00 p.m., the Dayton Arcade will be the topic of discussion. Members of Miller-Valentine Group’s project team, along with organizations who have committed to be a part of this exciting revitalization project, will be on hand to discuss the project and answer questions. No projector, no formal presentation – just an opportunity for real conversation! The event will be held at the Racquet Club, located in the Kettering Tower. For additional information, visit The Racquet Club Facebook page, or contact Jocelin Dean. To purchase tickets, Click Here
Welcome Eric Ditmer and Anthony Wartinger, Owners of Jetpack to Downtown Dayton! They recently worked with Steve Ireland from our Realty Services team and quickly identified the perfect location to grow their business. Miller-Valentine Group appreciates the quality service and expertise you have provided on the many projects you have completed for us, and we look forward to collaborating on the redesign of our website. Best wishes for your continued success. https://www.bizjournals.com/dayton/news/2017/07/26/downtown-dayton-building-getting-2-new-tenants.html
Progress is moving along rapidly on the new 100,000 SF retail facility for At Home, the home décor superstore, located at 1160 Gemini Place in Columbus, Ohio. After just 15 weeks, all exterior walls and structural steel joists are 100% in place. Construction is currently tracking on schedule for the projected store opening of October 3, 2017, despite the project site enduring 11 days of rainy weather. Read more about this project: bit.ly/MillerValentineAtHome
The final beam has been set at Dr. Jit’s future Digestive Specialists medical office building located on Clyo Road in Sugarcreek Township. With the structural steel complete, the next phase of the work is to install the roof decking, exterior walls, and roofing. Having the building “dried-in” is always a great milestone to achieve. This will allow us to proceed with the interior mechanical work and finishes. The project is on schedule for a January completion.
Miller-Valentine Group and East Liverpool Community Partnership for Revitalization (ELCPR) are proud to announce the development of their newest apartment community, Market Street Lofts, located at 419 Market Street, East Liverpool, Ohio. Market Street Lofts is now accepting applications and plans to open its doors in October 2017. This beautiful, brand new community of one and two bedroom apartment homes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in an upscale home, at affordable rental rates: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes a full-size washer and dryer. Market Street Lofts will offer several other amenities which separate them from their local competition; common space which includes a business center, media room, and fitness center; as well as a large multipurpose room with a kitchen/dining area where residents can enjoy the companionship of friends and family. In addition, the building is smoke-free and environmentally friendly. Unlike other apartment communities, Market Street Lofts has a personal attention, exceptional move-in, and maintenance response commitment that are made to (more)
Working outdoors in the heat of summer is part and parcel of the construction industry. Heat and humidity combined with the internal heat generated by physical labor can lead to serious illness and, in extreme cases, fatalities. But heat-related illnesses are preventable. Work or play, be prepared for the hot weather and know what to do if you or someone you are with shows signs of suffering the adverse effects of overexposure to the elements needs to be in everyone’s toolbox. What is heat stress? Basically, it is your body’s failure to cool itself. According to the Occupational Safety and Health Administration, “Heat-related illnesses occur when the body is not able to lose enough heat to balance the heat generated by physical work and external heat sources.” The heart pumps faster, blood is diverted from internal organs to the skin, breathing rate and sweating increases. When the body’s defense mechanisms fail, a person can suffer any of a number of maladies. “Heat-related issues can range from a heat rash or sunburn up to their most serious forms—heat exhaustion, primarily caused by dehydration, and heat stroke, which can be fatal,” says Miller-Valentine Group Safety Director Bill Burke, ASP, OHST, SGE. “It (more)
Miller-Valentine Group Associates in Cincinnati held their annual food drive to benefit the Mason Food Pantry. In addition to pantry items, a cash donation of $240.00 was contributed to the organization. We proudly support local and national organizations that provide much-needed services throughout the community. The Food Drive was organized by our Helping Hands Committee, which provides opportunities for Miller-Valentine Associates to actively engage in community service.
Miller-Valentine Group and Coldwell Banker Commercial Atlantic have teamed up to develop a new climate controlled self-storage facility conveniently located in North Charleston, South Carolina at the intersection of North Rhett Ave and Sumner Ave. The three-story 90,000 SF building features units that range in size from 5’x5’ to 10’x30’, commercial-grade climate control systems, and state-of-the-art security systems. “This project provides new secure high-quality climate-controlled self-storage that local residents and businesses need in North Charleston”, said Steve Koewler, President of Miller-Valentine Group. Construction recently commenced and the property will be open to the public in late summer of 2018. Extra Space Storage will oversee lease-up and property management. For more information call Steve Koewler at Miller-Valentine Group 843.766.3800.
Miller-Valentine Group is proud to announce that Reserve at Quebec, their newest affordable apartment community, will open its doors very soon. Reserve at Quebec located at 6655 Calgary Lane, will be welcoming residents in late September 2017. This beautiful, brand new community of one, two and three bedroom apartment homes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in an upscale home, at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes full-size washer/dryer connections and extra storage. Reserve at Quebec will also feature a community clubhouse that boasts a business center, media room, and fitness center; as well as outdoor amenities including a swimming pool, picnic area and dog park where residents can enjoy the companionship of friends and family. The professional onsite management and maintenance staff provide residents with superior service, allowing them to live comfortably. Reserve at Quebec is located near a variety of restaurants, shopping, and entertainment, including a movie theater! The community is also part of the Lake Worth Independent (more)
Miller-Valentine Group Associates from the Dayton office held their annual food drive to benefit The Foodbank of Dayton. Donations included 195 pounds of food as well as cash contributions totaling $140.00. We proudly support local and national organizations that provide much-needed services throughout the community. The Food Drive was organized by our Helping Hands Committee, which provides opportunities for Miller-Valentine Associates to actively engage in community service.
Considering a new location for your industrial space? There are many things to consider before making a decision that will have a major impact on your business, your customers, and your bottom line. Below are five of the most important considerations to take into account when relocating your industrial space. 1. TIMING & PLANNING Allow yourself enough time to negotiate before your current lease expires. Depending on the size of your facility, we recommend that you start the process 18 months to 1 year prior to the end of your lease or your expected move-in date. Once you have identified a new facility it will take a minimum of 6 months to negotiate and relocate. Before starting the site selection process review your corporate strategic plan and vision. Sometimes companies lose sight of their strategic plan during the site selection process. They get diverted by enticing incentives, quality of life considerations, or some other element. While these factors are important, they are secondary. Remember, no matter how attractive they may seem, they will not turn a weak site into a suitable site. Companies should be asking themselves the following questions: Where does your leadership team see the company in the next 5 to 10 years? Do you (more)
Miller-Valentine Group is proud to announce that Burkett Place, their newest affordable apartment community, will open its doors very soon. Burkett Place, located at 200 Burkett Lane, will be welcoming residents in August 2017. This beautiful, brand new community of two and three bedroom apartment homes will serve families who desire high-quality, affordable rental housing. In this pet friendly community, future residents will enjoy spacious floor plans with amenities you would expect to find in an upscale home, at an affordable price: a fully-equipped gourmet kitchen with brand new energy-efficient appliances, exceptional closet space, central air conditioning, and a laundry room which includes full-size washer/dryer connections and plenty of extra storage. Burkett Place will also feature a community clubhouse that boasts a media room and clothes care center; as well as outdoor amenities including a playground where residents can enjoy the companionship of friends and family. The professional onsite management and maintenance staff provide residents with superior service, allowing them to live comfortably. Brian McGeady, Partner & President of Miller-Valentine Affordable Housing Development, says “Miller-Valentine Group is excited to open our first community in Washington County. We look forward to having a long-term positive impact on the City, and all (more)
The Ohio Development Services Agency has awarded $5 million in historic preservation tax credits for the revitalization of the Dayton Arcade, further closing the gap in raising the necessary funds needed to transform this historic landmark into a vibrant retail and urban living center. According to Dave Williams, vice president of urban development, “We have about three or four sources of funding to pursue before we can make this happen, but this is two steps forward for us.” Many local names, including University of Dayton, Boston Stoker, and Warped Wing have expressed an interest in this historic location. Read more as reported by Tristan Navera, Senior Reporter, Dayton Business Journal Two steps forward What’s next for the Dayton Arcade plan? For more information about Miller-Valentine Group and Cross Street Partners vision for this historic project, click here.
Congratulations to London Computer Systems (LCS) who moved into their new 78,000 SF world headquarters one year ago! Does their new space attract the caliber of employees they need? Are their Associates happy with their new environment? The answer is a resounding “yes”. How did they do it? The design and construction team had to do their homework. For most companies, including LCS, workforce demographics are changing. As baby boomers retire, the workforce is increasingly dominated by Millennials. In fact, more than one-third of workers in the U.S. are between the ages of 19 to 35, already surpassing the number of Gen-X workers. How do you keep these notoriously choosy millennial workers happy? Part of the answer boils down to the workspace itself. You don’t have to look far to see what attracts kudos in work environments. Tech companies like Google, Dropbox, and Facebook have made a name for their hip, fun workspaces, designed specifically to appeal to millennials. While not every company needs—or even wants—to install tube slides for fun-loving employees, your facility is a reflection of your business, with the power to engage customers and inspire current and future employees. What Do Prospective and Current Employees Want? As (more)
Miller-Valentine Group held their 2nd annual Stair Climb Challenge last week, with five Associates participating in a spirited race up ten flights of stairs! Andy McHugh, Assistant Project Manager, has been named Miller-Valentine’s 2017 Stair Climb Master, completing the challenge in 37.18 seconds… that’s less than four seconds a flight! Andy was joined by Nolan Schacherer, Rich Rouse, Bob Patterson and Jeff Sebor, who all came within 8 seconds of Andy’s time. Everyone joined in the fun by cheering on the contestants and donating funds in the runner’s name to benefit the Jim Walsh Angel Fund, set up to assist Miller-Valentine Associates in need. Lunch was served along with a challenge for additional Associates to join in the fun of the 2018 Stair Climb Challenge, scheduled for the first day of Summer next year. Congratulations Andy!
Miller-Valentine Group is excited to offer a look into The Lofts at Roberts, a newly renovated apartment community built exclusively for adults 55 and over. The open house will be held on Saturday, June 24, 2017, from 10:00 am – 1:00 pm at The Lofts at Roberts located at 420 South High Street, Muncie, Indiana 47305. Guests will have the opportunity to tour the former Roberts Hotel, which was recently transformed into 83 one and two bedroom apartment homes designed to serve adults 55 and over, who desire high-quality affordable rental housing. This pet-friendly community features amenities you would expect to find in a luxury community at affordable rental rates: spacious floor plans; walk-in closets; a gourmet kitchen with energy-efficient design and appliances, as well as an island with a breakfast bar; oversized bathrooms; central air conditioning; and convenient elevator access. The Lofts at Roberts offers several other amenities which separate them from their local competition; a grand multipurpose room with kitchen and dining area for entertainment functions and events; a fitness center, allowing residents to maintain an active lifestyle; as well as a media room, and business center. Topping it all off, the professional on-site management and maintenance staff (more)
Michael Dalton has been an Associate of Miller-Valentine Group since 2005. Initially hired as a District Manager, Michael now serves as the Director of Operations for our military housing neighborhood – the Properties at Wright Field. As Director of Operations, Michael is responsible for all aspects of the operating business, including acting as the point of contact between the corporate office and government agencies that engage with Wright Patterson AFB. Some of the duties include preparing and executing the annual budget, ensuring all reports for both internal and external customers are prepared and detailed, leading a team of 34 co-workers, providing a vision for future challenges, and ensuring the team preserves the assets of Miller-Valentine Group. Responsibilities for the team include executing 15,000 work orders yearly, overseeing 600 move ins, providing numerous leasing tours, processing monthly rent payments, completing over 300 reports, conducting hundreds of inspections, and making thousands of decisions that pull you in multiple directions. Michael has shared some insights regarding his career – not only with Miller-Valentine Group but also on his 22 years with the United States Air Force. Q&A with Michael Dalton – 12 Year Associate with Miller-Valentine Group How did your career with the (more)
Planning an office move? There are many things to consider before making a decision that will have a major impact on your business, your customers, and your bottom line. Below are five of the most important considerations to take into account when relocating your office: TIMING The amount of time it will take to find and move to a new office location is proportional to the amount of space and amenities that you need. The key is to allow yourself enough time to negotiate and move before your current lease expires. In general, tenants looking for less than 10,000 square feet of space in the Dayton region should begin their search 7 to 9 months ahead of time. If over 10,000 square feet of space is required businesses should begin their search anywhere from 9 to 18 months before their current lease expires. SQUARE FOOTAGE Will the space that works for you now work for you in the future, or do you anticipate growth? Future employees should be factored into the equation. A good rule of thumb is to allow approximately 200 rentable square feet per person, which is about the size of a 14’ x 14’ room. While this (more)
Miller-Valentine Group is pleased to be selected as the construction manager by Rumpke Waste and Recycling for their 74,400 SF office headquarters, to be located in Colerain Township. Construction will commence this summer, with completion slated for the end of 2018. McGill Smith Punshon is the architect on the project. Read more as reported by Tom Demeropolis, Senior Staff Reporter, Cincinnati Business Courier http://www.bizjournals.com/cincinnati/news/2017/06/09/exclusive-rumpke-selects-builder-for-headquarters.html