THE WEEKLY REVIEW | June 13, 2025

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

Retail - RaceTrac's local land buys surpass $13M with latest acquisition

“A new-to-market convenience and gas station chain has spent more than $13 million on local land for future stores. Atlanta-based RaceTrac opened its first Ohio location last December in Findlay and its arrival in the Columbus market isn’t far behind with construction on a Delaware site underway now.”

2

Housing - Proposed project would bring 350 residential units to Obetz

“A new residential community with over 350 units could be coming to Obetz. Obetz Council is considering a rezoning application and preliminary development plan for the residential community on approximately 50 acres on the west side of Bixby Road, east of Big Walnut Creek and south of Groveport Road. The site plan, dated April 2025, shows 355 units split between two subareas.”

3

Data Centers - Google continues its Central Ohio spending spree with $63M land purchase in New Albany

“Google has acquired nearly 85 acres in New Albany, the company confirmed to Columbus Business First. The tech giant paid $63 million for the property at 2565 Harrison Road NW. It purchased the land from DBT-Data, a real estate investment firm that develops data centers. DBT bought the parcel for nearly $1.6 million in January 2023, according to the Licking County Auditor.”