Columbus
With $112M Sale, DCT Industrial Exits Columbus Market
In a transaction that marks its departure from the metropolitan Columbus market, DCT Industrial Trust of Denver has sold a 3.5 million-square-foot portfolio in the Ohio capital to Exeter Property Group for $112.1 million, the REIT announced Monday.
OSU Eyes 2 Historic Buildings for $53M Makeover as Analytics Centers
Good news for Ohio State University. The Ohio Higher Education Funding Commission recently announced the 2015-16 capital funding recommendations for the state’s public colleges and universities. The proposal includes funds for the renovation of two iconic Ohio State buildings, Oxley and Pomerene Halls, as well as other building and facility repair and maintenance projects.
Connor Group Pays $17M for Columbus M-F Asset
The Connor Group ended 2013 in force, adding another property to its Columbus portfolio. The Centerville-based real estate investment firm acquired the Lennox Flats for $17 million. Kinnear Road Redevelopment, LLC was the seller.
Avison Young Buys PSB; SCM Merges with Coldwell Banker
Two commercial real estate services firms – Avison Young and Coldwell Banker Commercial Alliance – continue to expand by merging with strong local brokerages across the United States.
Team Gemini Breaks Ground on $420M Industrial/Research Project in Grove City
On Thursday, December 12, Team Gemini held a groundbreaking ceremony for the project at the intersection of Gateway West Drive and Haughn Road in Grove City. It was attended by company and government officials, as well as many others.
OPRS Breaks Ground on $30M Addition to Seniors Community
Westminster-Thurber, one of 11 retirement communities owned and managed by the Ohio Presbyterian Retirement Services, has been serving Central Ohio for the last 48 years. Now, the community plans to expand with a new high-rise, its second just north of Downtown Columbus. It held a ground breaking ceremony for the project on December 4, on the Westminster-Thurber Community Campus, at 717 Neil Avenue.
Pizzuti, Memorial Hospital Start Work On $9.5M MOB In Marysville
Officials from The Pizzuti Companies and Memorial Hospital of Union County broke ground on November 14 on a new medical office building in Marysville, Ohio. The project was announced earlier this year. It is part of Memorial’s plans to relocate the urgent care center in order to provide patients with an even better experience.
City Opens $8.6M Community Health Center on South Side
The new John R. Maloney Health Center is now open in Columbus’ South Side. It is leased to Columbus Neighborhood Health Centers, and will offer quality health care services to south side residents.
Crawford Hoying Unveils Plans for $300M Mixed-Use Project in Dublin
Columbus CEO magazine readers recently selected the City of Dublin as The Best Central Ohio Suburb to Do Business for the third consecutive year. And the good news just keeps on coming. On October 22, city officials and local developer Crawford Hoying unveiled plans for a $300 million mixed-use project that will transform the Columbus suburb and create a ”world class environment.”
Airport Wraps Phase 1 of $80 Million Terminal Upgrade
Renovations are finally complete at Port Columbus International Airport’s six-gate Concourse A, almost a year after the airport launched the $80 million terminal modernization program to upgrade its three-concourse terminal. The facelift is part of the project’s first phase.