Firm developing building

Thursday, Sept. 7, 2000 | 10:48 a.m.

Harrah's Entertainment Inc. of Las Vegas has signed a deal with Koll Corporate Development to develop a 150,000-square-foot office building in suburban Cincinnati.

The building will be developed by Koll on a 10-acre parcel at Turfway Park, a horse-racing complex in Kentucky partially owned by Harrah's. Turfway is already home of Turfway Ridge Office Park, with two 108,000-square-foot buildings.

Koll hopes to begin construction by year's end. The building will be "build-to-suit," meaning Koll will construct the building to a tenant's specifications.

A Harrah's spokesman said Harrah's doesn't intend to own, manage or occupy the office building once the project is complete.

"It's really a case of monetizing the property," Gary Thompson said. "It's not something we're going to build a casino on. We won't own the office building, but we've hired someone to develop it."

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