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  • Writer's pictureColliers | Columbus

THE WEEKLY REVIEW | June 2, 2023


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

“Crawford Hoying has started construction of a new warehouse in east Columbus. The Dublin-based developer is partnering with Contegra Construction to build a 205,000-square-foot infill spec building on Outerbelt Street between McCormick Boulevard and Broughton Avenue. Crawford Hoying says this is the first large Class A warehouse project constructed in this area of Columbus in more than 40 years. ‘Unlocking the value of complex infill sites is a core competency of Crawford Hoying,’ Crawford Hoying Development Principal Nelson Yoder said in a press release. ‘The site’s great location initially caught our attention, and a deeper dive revealed its potential.’ The spec building can be divided into as many as four tenant suites starting at 36,000 square feet. Those spaces will be marketed by the Columbus industrial team at Colliers."


2

“Effler Commercial plans to build a 164-unit mixed-use building with 10,000 square feet of ground floor retail at 1350 W. 5th Ave. in Columbus' Fifth by Northwest neighborhood. Erwin Effler, president of the firm, said he's hoping to attract a few restaurants to the $40 million project. The building would replace an office building currently on the site. Effler said people are currently in the process of moving out of the office building. The building that houses Mona's Pet Salon will also be torn down to make way for the development. Mona's representatives could not be reached for comment. Effler is planning to buy the building but hasn't yet closed on the purchase; comment was not immediately available from the current owner. The new six-story apartment building would have a pool, coworking space, a gym and a rooftop lounge with a view of the Columbus skyline. Plans include a 190-space parking garage."



3

“One of Downtown's biggest landmarks is being reimagined in a post-COVID era where some workers no longer come to the office, some come in a couple days a week and some are there all the time. The result at Nationwide's corporate offices: open, flexible floor plans where workers can connect, more welcoming space for visitors and additional amenities for workers, such as an updated fitness center filled with natural light, while at the same time providing private space where workers can make a phone call or be alone to focus. The work is not inspired to bring people back to the office, just make the office space better, said Kieran Sherry, senior vice president for corporate real estate for the insurance and financial services company."

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