Viking Partners

This Skechers build turned out absolutely stunning! We're in the final stages, putting on the finishing touches, and we can’t wait to celebrate the ribbon cutting soon. A big thank you to everyone who brought this vision to life. Stay tuned for the grand opening! 🏗️✨ #NewPathConstruction #Skechers #RetailConstruction #RandallSquare #RibbonCutting #ProjectCompletion

“The best way to predict the future is to create it.” - Peter Drucker “…and that’s what we intend to do.” - Bret Caller, CEO and Co-Founder We recently shared our outlook on the #commercialrealestate market during Viking's 2024 Annual Investor Meeting & Update. While it's impossible to predict the market's exact movements over the coming year, this clip perfectly captures our mindset at Viking. Founded during the 2008 financial crisis, our firm is well-acquainted with creating our own future in a distressed market. Whatever challenges the next year may bring, we're poised to seize opportunities where others might only see obstacles.

We're thrilled to introduce the newest members of the Viking team. Please join us in welcoming Tim Taggart, CPA, as Chief Financial Officer, and Andrew Roth as Asset Manager. Tim brings a wealth of experience to his role. His background includes serving as CFO and corporate treasurer in manufacturing, culinary, and aerospace industries, as well as having roots in corporate banking. Andrew joins us with nearly a decade of experience in leasing and transactions, gained from various brokerages and real estate groups. We're excited about the fresh energy Tim and Andrew will bring to our team. We look forward to their future accomplishments and invite you to give them a warm welcome! #commercialrealestate #cfo #assetmanager

We’re excited to announce the sale of Enterprise Industrial, a fully occupied 70,000-square-foot #industrial #warehouse located in the heart of Sharonville, a prime northern suburb of Cincinnati. Strategically positioned between I-75 and I-71, with direct access to I-275, Enterprise Industrial offers unbeatable connectivity. Viking Partners Fund IV originally acquired the asset in November 2022 as part of a broader industrial portfolio. Through our #valueadd strategy, we successfully: ♻️ Renewed a 50,000-square-foot tenant lease ✍️ Filled two 10,000-square-foot vacancies with new tenants Thank you to all of our partners who ushered this transaction across the finish line. CBRE CBRE Cincinnati Industrial Steve Timmel, CCIM #commercialrealestate #industrialrealestate #investmentsales

We can't overstate our appreciation for tenants who share Viking's vision for the ecosystem we've created at 8044. Jon Ramey and Jan Wolter's UBS team has not only renewed its commitment to maintaining UBS's second-largest concentration of U.S. employees (after New York City) at this location, but they have also designed and executed a stunning interior renovation that has significantly elevated the entire asset's profile. UBS embarked on this vision around the same time Viking acquired 8044 in a joint venture with DRA Advisors. Admittedly, the firm explored several options for relocating their "flagship Midwest office”. Having been #tenants since 1989, UBS experienced a lack of investment in 8044's amenities and interior design before Viking's ownership. However, Viking and DRA always intended to enhance the asset's value for both tenants and investors. We installed a cutting-edge fitness center, renovated the lobby, and upgraded various building amenities and design elements. According to the UBS team, these building upgrades effectively sealed the deal for them to stay at 8044. Now, UBS's show-stopping space serves as the pièce de résistance of the building's west lobby. Thank you to all who made this renovation possible. You can view the full story and photo gallery on the Cincinnati Business Courier: https://lnkd.in/gFQZFZry #officerenovation #commercialrealestate #officeleasing #valueadd

“'Sale of the four outparcels at Randall Square marks a significant milestone in our larger value-add business plan for the shopping center,' said Jeff Sluzala, Viking’s director of asset management, in an emailed statement to Crain’s. 'Viking Partners has a long history of investing in retail real estate, and this asset is a prime example of what our platform can achieve.'” Needless to say, we are very pleased with our progress at Randall Square, including the Nordstrom Rack/Skechers leases and the related buildouts of their new stores. We continue to operate the power center portion of the asset, which is nearly 97% leased today, and look forward to what we are optimistic will be a positive outcome for this investment. Read more about the sale on Crain's Chicago Business: https://lnkd.in/gpUJrCmk Mid-America Real Estate | Investment Sales Group #retailrealestate #assetsales #CRE #disposition

Last week, Viking sold the four outparcels at Randall Square to Northpond Partners. Viking Partners Fund V acquired Randall Square, which included the four outparcels and a power center component, in October 2023. The sale of the outparcels is part of Viking’s comprehensive value-add business plan for the asset, which also includes the leases we signed with Nordstrom Rack and Skechers earlier this year. We continue to own and operate the remaining power center. To learn more about Viking’s portfolio of properties visit https://lnkd.in/ggxZBuKT Mid-America Real Estate | Investment Sales Group #CRE #assetsales #retail

One month into her fall #internship here at Viking and Erica Boling is setting the bar high. Erica has adapted seamlessly to the fast-paced world of #propertymanagement as Viking's first-ever property management intern. Her get-it-done attitude has already proven to be a real asset to the team. Erica majors in Economics and Real Estate while pursuing her Master of Arts in Human Resources at University of Cincinnati Carl H. Lindner College of Business. Please join us in wishing her continued success for the remainder of her semester with Viking! University of Cincinnati Real Estate Center University of Cincinnati

Last week, Abigail Murray and I represented Viking Partners at the University of Cincinnati Real Estate Center Career Fair – an event which allowed for ample time to connect with students and learn about their career goals. It is always time well spent at the University of Cincinnati Carl H. Lindner College of Business. Thank you, Carl Goertemoeller and Megan Roberts, for the opportunity to engage with a group of talented, young professionals. 

Today, the Viking team packed 1,470 weekend meals for children in the Ohio/Kentucky/Indiana tri-state with The Freestore Foodbank. Did you know that 250,000 individuals (80,000 children) in our tri-state don't know where they will get their next meal? Freestore Foodbank serves our neighbors in 20 counties across the Ohio/Kentucky/Indiana tri-state. The Viking team volunteered by packing PowerPacks. PowerPacks are intended to be a full weekend's worth of food and are sent home with children from school. Throughout the school year, Freestore Foodbank provides 220,000 PowerPacks. The organization relies heavily on volunteers to get the PowerPacks ready to send to schools. Freestore Foodbank recently moved its primary operation to the Frank & Conny Gerson Campus in Price Hill. The campus occupies a 195,000 SF #warehouse with administrative offices, cold storage, a training kitchen, classrooms, a market, and more. In their previous space, Freestore Foodbank only operated with one #dockdoor. The move to the Gerson Campus allowed them to expand operations with 15 dock doors. Last year, Freestore Foodbank provided 47 million free meals to individuals facing #foodinsecurity, representing a 27% increase in need compared to pre-COVID. Unfortunately, demand is expected to continue growing, presenting new and grander challenges. As a result, donations, resources, and volunteers are more critical than ever. To learn more about how you can support Freestore Foodbank, go to freestorefoodbank.org. Thank you to The Freestore Foodbank for hosting us and a wonderful 2024 Viking Volunteer Day! https://lnkd.in/eADaczH