THE WEEKLY REVIEW | December 9, 2022
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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Memorial Health is an independent health system that is centered in Marysville. The health system is planning on expanding to a new location in Union County off Route 42. Spence Fisher, Memorial Health’s Executive Vice President, stated in a press release that the company had many patients in southern Union County, so this expansion makes sense to bring services closer to existing patients. He continued to say, “Meeting our patients where they live, work and play is of the utmost importance to Memorial Health. By expanding our services to the Plain City and Jerome area, we are able to deliver the same high-quality, nationally recognized health care that Memorial has become known for."
Patients will be open to use “primary care, specialty care, occupational medicine, ancillary services and urgent care. ”Over the next ten years, the new location will increase services to outpatients as needed.
From an interview with Bloomberg earlier this week, Ann Kelleher, Intel’s vice president in charge of technology development said, “we’re completely on track. We do quarterly milestones, and according to those milestones we’re ahead or on track.”
“That effort includes a $20 billion investment in Central Ohio, where Intel plans to build two fabs — chip manufacturing plants — with more potentially to come. The planned New Albany complex represents the largest private investment in the state's history and is expected to create thousands of jobs.”
Wawa announced this past week that it will be expanding to new states, one being Ohio. This is part of Wawa’s long-term growth with the plan to “fuel future store growth in adjacent and new markets.” Specific locations haven’t been announced yet, but Chris Gheysens, president and CEO of Wawa, stated, “these markets are the perfect places for Wawa to expand based on their strong business communities, their family-like atmosphere and the confidence that our unique offer and amazing associates will be welcomed by these communities."