In addition to finalizing the class-A office building, Corporex recently kicked off construction on the 132-room Hilton Homewood Suites Hotel that will feature a plaza-level restaurant with a bar and a rooftop bar. “We ordered steel and other materials in advance to circumvent the significant challenges others in our industry have faced, such as inflation and supply chain issues, allowing us to continue to meet our deadlines for the project with little disruption.” “Corporex has always been forward-thinking on large-scale developments like Ovation,” said Alan Bogart, Senior Vice President of Construction for Corporex. in Newport, construction of the building is expected to be complete by the end of 2022 with MegaCorp occupying their new space in the first quarter of 2023. Rendering of the Ovation office space (Image from Corporex)Ĭorporex, a privately held investment firm serving as master developer of Ovation, began construction on the 100,000 square-foot, five-story office building in October of 2021. “With three of the region’s largest cranes in the air, the overall investment in the city has never been higher, largely due to what is happening at Ovation.” “We are thrilled to continue to see such interest and momentum along the riverfront here in Newport,” said Thomas Fromme, Newport City Manager. The MegaCorp regional headquarters is expected to bring nearly 250 to 300 jobs to the Newport Riverfront. With headquarters in Wilmington, North Carolina, the company has had a significant hub presence in Northern Kentucky for 12 years. With over a decade of service to customers ranging from Fortune 500 companies to small privately held firms, MegaCorp has proven to be one of America’s most capable logistics providers. They also rank as the 30th largest, US-based full-truckload brokerage company according to Transport Topics. MegaCorp Logistics is currently ranked as one of Transport Topics’ top logistics providers in America. This modern space will be a wonderful place for our colleagues to work, socialize and bond with their teams.” ![]() “Ovation and the city of Newport put us in a strategic location right in the heart of the region. “MegaCorp is excited to announce a major investment in our Greater Cincinnati operations by doubling our current size,” said Bob Klare, president of MegaCorp Logistics. ![]() The firm will occupy two floors, or 40%, of the first office building located within the Ovation development. throughout North America in the food, manufacturing, retail, government, textiles, and metals/building materials industries, has signed a long-term lease agreement with Corporex. MegaCorp Logistics, a transportation logistics firm specializing in full and less-than-truckload shipments - dry van, refrigerated, flatbed, intermodal, air, etc. Corporex has secured an anchor tenant for its new office building at Ovation, the 25-acre mixed-use development covering nearly five city blocks at the confluence of Ohio and Licking Rivers in Newport.
0 Comments
Leave a Reply. |