EDD assists with dunnhumby, USA expansion
dunnhumby, USA is an international leader in the field of market analysis and brand value for consumer goods and retail companies. dunnhumby employs nearly 300 in Cincinnati and operates offices in Atlanta, Chicago, Minneapolis and New York. Clients include The Kroger Co., Macy’s, The Home Depot, Coca-Cola, General Mills, Kimberly Clark, PepsiCo and The Procter & Gamble Co.
Revenue has grown from $20 million in 2004 to $200 million in 2008. The firm is committed to continue its rapid growth by redefining an historic building at an important gateway into downtown Cincinnati.
dunnhumby signed a 10-year lease with DHC/ANI LLC, the property owner, on November 14th to occupy the entire 145,000+ square-foot building at 444 W. Third Street near Paul Brown Stadium. The building will be the national headquarters for dunnhumby’s operations in the United States.
Al. Neyer, Inc., the project’s developer, will provide all design-build services for the renovation of the 1920s era building, which in previous incarnations was used by the United States Postal Service and the Hennegan Printing Company.
Chris Dobrozsi, Director of Real Estate Development for Al. Neyer, Inc. said, “We are working with dunnhumby to deliver a signature urban campus that will surpass the great work environment they have now.” The company is currently located at 302 W. Third Street. “The City is a partner in this all the way,” Mr. Dobrozsi said in a recent press release announcing the lease.
When completed in August 2009, the project will represent $15.1 million in created value. The City of Cincinnati will provide additional parking nearby and property tax abatement on the improvements for a 12 year period. The Economic Development Division will extend job creation tax credit incentives to dunnhumby, USA for the creation of 150 new jobs.