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September Closed Transactions

September brought a surge of activity for our brokerage which closed 28 transactions equating to 358,941 square feet. Once again, office was the most active asset class, accounting for nearly half of all transactions for the month. In the month’s largest transaction by volume, the Office Brokerage Group of Matt Gregory, SIOR, CCIM and Philip Bird, SIOR represented the landlord, Healthcare Realty Trust in bringing on a new tenant, Outreach and Crisis Counseling Services LLC to 515 E. Main Street where it will lease 8,721 square feet. Matt Gregory, SIOR,…

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Why Overcoming Current CRE Financing Challenges Hinge on More than Interest Rates

Interest rates are currently at their highest level in over two decades, yet inflation persists. Though many had hoped interest rate cuts were on the horizon as early as June, the Federal Reserve hasn’t been comfortable doing so just yet, with analysts expecting it to be September before the first cut. The current climate has commercial real estate owners, occupiers, investors, and developers sidelined and anxiously awaiting news that inflation has been tamed and the economy is stabilizing. But it may not all hinge on interest rates coming down. The…

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August Closed Transactions

Our brokerage gained momentum in August and closed 23 deals equating to more than 171,000 square feet. We also saw an increase in retail and land deals, however, office was the most active asset class this past month. The team of Matt Gregory, SIOR, CCIM and Philip Bird, SIOR closed nearly half of all transactions for the month with 72% of the team’s transactions being office sales or leases. In the highest value office transaction, the team represented the landlord in signing a new tenant, Merit Advisors. The tenant signed…

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Three Ways Columbus’ Newly Adopted Zoning Code Impacts Commercial Real Estate

Columbus City Council officially adopted changes to the city’s zoning code in July. The change marks the first significant evaluation and reformation of the prior code in more than 70 years. The years-long effort culminated in a unanimous vote for all six resolutions and the legislation is slated to take effect on August 28. As a result, six mixed-use districts were created along key corridors of the city, incentivizing the development of up to 88,000 housing units. Here’s what the change means for commercial real estate. Eliminating Parking Requirements, Relaxed…

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July Closed Transactions

July included some notable transactions for our brokerage. Overall, we closed 19 transactions equating to more than 389,000 square feet. Office transactions accounted for nearly half of the month’s activity with the highest value office transaction being the sale of 262-266 S. Third Street. The investment property was sold by John Mally, Chad Boggs and Andrew Green for $1.8 million. The Office Brokerage Group of Matt Gregory SIOR, CCIM, Andy Dutcher, SIOR and Philip Bird, SIOR closed 47% of the month’s transactions with the team’s highest value deal being the…

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June Closed Transactions

June was an active month with our brokerage closing 21 transactions equating to more than 347,000 square feet. The highest-value transaction of the month was the sale of the historic Larrimer Building at 161-167 N. High St. for $4.3 million. Peter Merkle represented Brad DeHays in the sale of this 27,267-square-foot building and the adjacent 92-space surface parking lot. The historic building has been the long-time home to Elevator Brewery & Draught Haus which will remain in the building. Retail accounted for 18% of the month’s transactions. Industrial transactions made…

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May Closed Transactions

Activity increased in May with our brokerage completing 20 transactions. This past month, industrial and office transactions dominated, accounting for roughly 90% of the month’s activity. The highest-value transaction of the month was an industrial lease at 3495 Gantz Road in Grove City. The team of Curt Berlin, SIOR, Blake DeCrane and Matt Osowski, SIOR, represented the tenant, FST Logistics, in signing the lease for the 263,219-square-foot space. FST also worked with the team to expand its office space at 5025 Bradenton, adding 5,580 square feet. The Office Brokerage Group…

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April Closed Transactions

This month, NAI Ohio Equities closed 11 deals, with an uptick in the number of retail transactions this month. Chad Boggs had the highest-value retail transaction of the month. He represented Pitabilities in signing a lease for its first brick-and-mortar location at 2167 Stringtown Road in Grove City. The deal was completed all in-house with Bob Monahan representing the landlord. Office deals accounted for roughly one-third of transaction activity. Mitchell Moore was the lead agent and worked alongside the team of Philip Bird, Matt Gregory, and Andy Dutcher to represent…

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How Leveraging a 1031 Exchange Strategy Can Help You Achieve Your Commercial Real Estate Goals

A 1031 exchange is a real estate investment tool that allows investors to exchange an investment property for another “like-kind” property while deferring capital gains tax on the profit from the sale. As a commercial real estate investor, you’re probably familiar with the concept of a 1031 exchange, but do you fully understand how this tax benefit can be utilized as a tool to achieve other goals? In this article, learn more about the many strategies that leverage this powerful tool. Build a Portfolio/Leverage Up With a 1031 exchange, investors…

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March Closed Transactions

March was another active month for our brokerage, which included several notable deals. Overall, we closed 18 transactions equating to nearly 200,000 square feet. Mike Simpson closed the highest-value transaction of the month. He partnered with Skip Weiler of Robert Weiler Co. to represent Capital University in the sale of Trinity Lutheran Seminary Apartments to Continental Real Estate Cos. The developer plans to transform the property by building a $77 million mixed-use development at 2160-2184 E. Main St. in Bexley. Simpson also worked with Andrew Green to sell 741 E.…

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