This article appeared in the Cincinnati Business Courier and on WLW Radio
Written By: Tom Demeropolis Senior Staff ReporterCincinnati Business Courier
Demeropolis covers commercial real estate and development.
A group of investors led by Schueler Group purchased 128 acres of land in Turtlecreek Township along Interstate 71 for $1 million.
The group, Interstate-Lebanon Farms LLC, purchased the land at the northwest and northeast corners of I-71 and State Route 123 for future development. Jeff Eichhorn, executive vice president with Schueler Group, said the property is in the firm’s sweet spot.
“It’s right in the path of progress,” Eichhorn told me. “We’re looking at a lot of long-term growth.”
The 19-acre property at the northwest corner of the intersection is planned as retail and commercial space. Possible uses for this piece of the property could be a hotel, restaurants and retail.
The land Interstate-Lebanon Farms purchased is being marketed with another 45 acres of land owned by Henkle Schueler and Associates. The larger 154-acre property at the northeast corner of the intersection is being marketed for a combination of uses. A 39-acre portion of this property could be used for distribution, fulfillment or industrial development. The remaining 115 acres could be residential or commercial with visibility along I-71.
New sewer lines are expected to come to the site, opening up large development tracts.
The acquisition follows Schueler Group’s long-time strategy of buying and holding land for future development. In July 2016, I reported on Schueler Group leading a group of investors in the purchase of 105 acres in Lebanon for development.
“We believe in land,” Eichhorn said.
Schueler Group had a great year! Throughout 2016 Schueler Group added six new key personnel to their staff. Henkle Schueler and Associates facilite the largest land sale in Warren County history. Development has started and continued relationships with national retail chains that are allowing us to work in new and exciting markets across the country. Construction has completed three Tractor Supply stores in three different states, the Deerfield Township Service Building, Tailwaggers pet boarding and the CPS building altercation.
Our lead project this year was the LCNB Operations Center in Downtown Lebanon. The project is a great example of how we work seamlessly on a project using all three arms of the Schueler Group (Real Estate, Development and Construction). Josh Nimeskern (project manager) and Tom Hurd (project superintendent) have kept their team of subcontractors on course of this 48,000 SF Operations Center. The proposed occupancy is scheduled for March (2017).
We are excited as we look ahead to 2017. The construction company is progressing with work on a Dr. Pepper Snapple Group facilty in Beckley, WV and has multiple bids in excess of $20,000,000 on the street and pushing for approvals with a number of others “in the pipeline.” Development is continuing work with national chain stores that will expand the markets we work in across the US. Henkle Schueler has mutltiple pending commercial sales and several new commercial building and land listings.
We are excited to see where 2017 will take us, and looking forward to a thrilling year!
October 27, 2016
Top Story on REBusiness-Midwest.
LEBANON, OHIO — Schueler Group has nearly completed the shell construction of a $13 million build-to-suit corporate operations center for LCNB National Bank in Lebanon. Located at 105 North Broadway, halfway between Cincinnati and Dayton, the three-story building will measure 47,000 square feet. Construction began in February 2016 and is expected to be complete by late February 2017. LCNB National Bank serves customers and communities in southwest and south central Ohio.
October 6, 2016 – LEBANON, OH – The Lebanon Area Chamber of Commerce presented the William E. Harmon Award to Mike Schueler, President/CEO of the Schueler Group at their recent annual award dinner. The award is presented to an individual that has demonstrated longtime devotion, generosity, and service to Lebanon – as exemplified by the life of William E. Harmon.
During the 26 years of Lebanon Chamber awards, this recognition has been presented only six times; including George Henkle, founder of Henkle Schueler Realtors, a Schueler Group (SG) company.
Mike’s vision for growth has created thousands of jobs in Warren County with major national and international companies such as FedEx Ground, INX International Ink Co., and Mane, Inc. The most visible new project is the new LCNB Operations Center in downtown Lebanon.
Schueler’s community and philanthropic involvement includes “Man of the Year” for Warren County United Way, Chairman of the Warren County Republican Party Central Committee, President of Little Miami (River) Conservancy, Tennis for Charity, Governor of Urban Land Institute.
He has served on the boards of Mt. St. Joseph University, Episcopal Retirement Homes, ArtsWave, UC Foundation, Dayton Area Chamber of Commerce, Warren County Foundation, and Warren County Community Services.
Schueler has led his company for more than 40 years. SG companies include Henkle Schueler & Associates/CORFAC, Bunnell Hill Development and Bunnell Hill Construction.
Mike and his wife Digi have three daughters and nine grandchildren.