Columbus
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.
Market Uptick Prompts Plans to Build 2 Hotels on Olentangy Rd.
Hotel occupancy in the Midwest continues to recover from the low levels of the recession. In Ohio it rose to 56.5 percent, according to Marcus&Millichap. The increase is a result of a decline in available rooms.
CMA Plans Spring Launch for $38M Final Phase of Renovation
The Columbus Museum of Art (CMA) is ready to start work on the last phase of its three-part Art Matters renovation and expansion project. The central Ohio museum presented plans for its new wing to the City of Columbus Downtown Commission on January 22 and expects to break ground in late Spring of this year.
Team Gemini Advances $300M Process Complex in Grove City
By Adrian Maties, Associate Editor Team Gemini plans to invest at least $312 million in industrial processing and research facilities near the Franklin County Sanitary Landfill in Grove City, Ohio. The Orlando-based sustainable project design and development company signed 99-year leases with the Solid Waste Authority of Central Ohio on Jan. 8 for two parcels […]
Fairfield Medical Center Plans $35M Expansion in Lancaster
The Fairfield Medical Center has announced last week it will invest $35 million in renovations and expansions at its main campus on 401 N. Ewing Street in Lancaster, Ohio. The Fairfield Medical Center Board of Directors has already approved the plan at its regular board meeting on December 12. Plans call for the construction of a new surgery space between the main hospital and its surgery pavilion, connecting them. The addition will allow for the creation of centralized surgery operations for most services.
Simon/Tanger JV Plans 350 KSF Mall in Delaware County
Indianapolis-based Simon Property Group (NYSE:SPG), the nation’s largest shopping mall operator and the largest real estate company in the world, has recently formed a joint venture with Tanger Factory Outlet Centers Inc. (NYSE:SKT) of Greensboro, North Carolina to build two upscale outlet centers of equal size in Columbus, Ohio and Charlotte, North Carolina. Both parties would hold a 50% stake in the two centers.