Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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1
“One of Central Ohio's fastest-growing private companies has purchased a Dublin building to serve as its new headquarters. Everhart Advisors, a Dublin-based financial advisory firm with additional offices in Dayton and Fort Myers, Florida, acquired the 50,000-square-foot building at 5200 Rings Rd. for $8 million, according to the Franklin County Auditor. The company is relocating from 535 Metro Place South.”
2
“A European window and door frame manufacturer has chosen Central Ohio for its U.S. headquarters. Gealan, based in Germany, will open the new site at 1475 James Pkwy. in Heath. The facility will support the company's sales, customer service and training programs. It will employ 27 people by the end of 2027. Gealan designs and manufactures European-style uPVC profiles, which are frames for windows and doors. These products are known for their energy efficiency, sleek design and sustainability, according to the company.T he $1.2 million investment in Heath was a "natural choice" to support its North American operations, Tino Albert, managing director of technology and finance for Gealan, said in a press release."
3
“The Gardens apartments on Stelzer Road have sold for $170 million, what experts say is a record price for a central Ohio apartment complex. The New York-based real-estate giant Blackstone Real Estate Trust sold the complex to another global firm, Brookfield Properties, in a multi-property deal valued at $845 million. The eight complexes in the deal include more than 4,000 apartments. "The acquisition of The Gardens by Brookfield Properties marks significance in the Columbus market as it's the largest single asset transaction in the market," said Cody Carey, who handles apartment properties for the Columbus office of Colliers.”
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