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The Banks brings in new retail leasing team

| Cincinnati Business Courier | by Tom Demeropolis

The development and ownership team at the Banks has hired a new retail leasing team.

CBRE was selected to provide retail leasing and brokerage services for the mixed-use development, replacing Jeffrey R. Anderson Real Estate Inc., which has handled retail leasing for the Banks since 2010. Mark Fallon, senior vice president of real estate for Jeffrey R. Anderson, led retail leasing. Fallon couldn’t be reached for comment.

The Banks is Cincinnati’s largest mixed-use development including residential, office, hotel and retail components.

Brokerage activities will move to CBRE, but Jeffrey R. Anderson Real Estate will continue to manage the property and “provide tenant coordination activities” for the Banks, according to a news release.

Master developer Carter as well as Nicol Investment Co., which owns Phase I of the Banks, made the announcement.

“The Banks continues to hit our development goals and milestones, and now we’re ready for a global partner to take the Banks to the next level,” Dan McCarthy, project executive for Carter, said in the release.

Herky Pollock, executive vice president and northeast director of the retailer services group of CBRE, will lead CBRE’s leasing team for the Banks. Pollock is currently based out of Pittsburgh. He has more than 30 years of real estate experience with “strong connections to major retailers and developers throughout the country,” according to the release.

The release also states Pollock has brought “countless” new concepts to the projects he has worked on. His team also will include Tori Sunderman, retail brokerage associate in the Cincinnati office.

“The various phases of the Banks have matured and are ready for wider exposure to creative concepts that this region hasn’t seen before,” Laura Griffin, an associate with Nicol, said in the release. “The Banks has established itself as the centerpiece of Cincinnati’s riverfront resurgence. CBRE will help us accelerate that resurgence and bring even more excitement and energy to the development.”

The announcement was released late Friday, just days before the start of the world’s biggest retail real estate exhibition, the International Council of Shopping Center’s Retail Real Estate Convention in Las Vegas. The convention starts Sunday, May 22.

It also comes on the heels of a number of retail tenant announcements. Since the end of 2015, new tenants announced for the Banks include Phase I additions Howl at the Moon and Splitsville Luxury Lanes, the Stretch from Four Entertainment Group, Tervis and BurgerFi as well as Taste of Belgium and Pies & Pints signing leases for Phase II.

McCarthy said Fallon and the team at Jeffrey R. Anderson “were instrumental in helping the Banks evolve from a concept to a thriving development.

“We’re grateful for their leadership and contributions, and look forward to continuing our partnership in managing the property and its tenants.”

CBRE also provides office leasing for the Banks development.

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