Columbus
Tax Breaks to Promote 4 Expansion Projects in Central Ohio
Persistent Systems Inc., Zipline Logistics LLC, NEX Transport Inc. and ISS America Inc. will soon bring 135 new jobs to central Ohio. On Monday, June 24, the Ohio Tax Credit Authority approved 15 projects statewide for tax incentives. The four companies are among these 15 projects expected to create a total of 831 new jobs.
Glimcher to Regain Tampa Center, Sell Interest in Portland’s Lloyd Center
Glimcher Realty Trust plans to purchase the remaining interest in WestShore Plaza, Tampa, from its joint venture partner, an affiliate of Blackstone Real Estate Partners VI, for $112 million.
Columbus, Dublin M-F Projects Win Key Approvals
Apartments are popping up in the Columbus area like mushrooms after a spring rain. In my previous article, I told you about a 504-unit project NP Limited and Trivium plan to develop in Westerville. And the Columbus apartment construction boom continues with two new projects that will deliver over 400 units.
NP Limited, Trivium Plan Summer Start for Upscale 504-Unit M-F Project in Westerville
At the end of April, the Westerville City Council has approved the final development plan for the first phase of the Ravine at Westar, a large-scale apartment complex in Columbus.
Messer Construction Tapped for $370M OSU Project; Review Shaves Budget by $26M
The Ohio State University announced last week it has selected Messer Construction to lead the team of construction and design firms that will work on the construction and renovation of the North Residential District. The project is now expected to cost $370 million.
Vision Development Launches $23M M-F Complex on Columbus’ West Side
Columbus is experiencing an apartment building boom like nothing it has ever seen in recent decades. One developer trying to take advantage of the area’s growing population and the improving economy is Vision Development, Inc.
Prologis Lands SpeedFC for 770 KSF Build-to-Suit Distribution Facility in Etna
Prologis, Inc. has signed a new build-to-suit agreement with SpeedFC, Inc., a Dallas-based subsidiary of Navarre, for a 770,000-square-foot distribution center in Etna, Ohio. The San Francisco-based global owner, operator and developer of industrial real estate made the announcement on Monday, March 25.
Chambers Street Taps Cassidy Turley to Manage 1 MSF Office Portfolio
Cassidy Turley will be managing nearly 1 million square feet of office properties owned by Chambers Street Properties in Dallas, Houston, Columbus, Ohio, and Raleigh, N.C.
Champion Adds 108-Unit Westerville Complex to Growing M-F Portfolio
Champion Property Management, a privately-held, fully-integrated, multi-family investment firm, announced last week its twelfth apartment community acquisition this year. A Champion-sponsored affiliate purchased Caleb’s Creek Apartments, a 108-unit apartment complex in Westerville, Ohio. The price of the transaction has not yet been disclosed.
Welsh Buys 2 Warehouses in Groveport, Obetz as Part of $100M, 2.7 MSF Deal
Minnesota-based Welsh Property Trust has purchased two industrial properties in central Ohio. They are both part of the Core Midwest Distribution Portfolio, a five-building portfolio acquired by Welsh Property Trust for $99.5 million. The other buildings are located in Chicago, Indianapolis and Cincinnati.