Top Gun Sales Force owner Steven Osborne needed a larger space to grow his global sales training and operational support business.
Mason city officials wanted to woo high-tech jobs to vacant office space in the heart of the city.
The solution: A unique public-private partnership Mason Mayor David Nichols describes as a “win-win-win” for attracting and nurturing high-tech job growth in Mason.
On Wednesday, city and business officials celebrated the culmination of that collaboration with the opening of the Mason Tech Center.
The partnership launched in late 2011 after Osborne scouted for larger office space to accommodate his fast-growing company of 90 employees.
After considering locations in West Chester and Blue Ash, Osborne approached the city about the former CNG Financial building at 5155 Financial Way, off Mason-Montgomery Road.
With 68,000 square feet, the building offered more than double the space needed by Top Gun — but at a considerable extra cost.
And so, an agreement was reached: The City of Mason and the Mason Port Authority each provided $200,000 loans to support Top Gun’s $4-million relocation.
In return, Top Gun will provide discounted second-floor office space for start-up digital information technology and bio-health IT companies.
Not only are the lease rates “ridiculously low,” said Osborne, but they also include a variety of amenities including utilities, security, internet and janitorial services. Rents are set to gradually increase with lease renews, typically every three years, he said.
“Class A office space goes for about $16 a square foot and that doesn’t include a lot of those amenities. Many of the tenants are in here at $8 and $10 a square foot, some of them at 50 percent market rate. That’s how we’re paying the city back,” said Osborne.