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NAI OHIO EQUITIES CLOSES TRANSACTION INSIDE CITY'S 315 RESEARCH
AND TECHNOLOGY CORRIDOR

Monday, February 11, 2008
 
Redevelopment of Ackerman Place Attracts New Tenants

COLUMBUS, OH—An NAI Ohio Equities’ agent closed a sales transaction last week inside the city’s 315 Research and Technology Corridor.   Agent Don Brokaw represented the Seller in its disposition of Ackerman Place; a repositioned medical office building located at 700 Ackerman Road. 

Built in 1986, the 110,000 square foot medical office building is located inside the city’s 315 Research and Technology Corridor; a 10,000 acre research complex comprised of 17,000 employees and over one billion dollars in research grants annually.

DON BROKAW
DON BROKAW


NAI Ohio Equities worked with the previous owner to modernize the office building in order to compete with other newly constructed buildings currently available in the market.  NAI Ohio Equities asset manager Chris Wagner, managed the 12-month transformation process aimed at attracting additional medical tenants due to its proximity to OSU Hospital and Riverside Methodist Hospital.

OSU Physicians LLC, worked with the City of Columbus, the property owner and NAI Ohio Equities, to take advantage of the Corridor’s opportunities.  Other major tenants in the Ackerman Place building include Wachovia Securities, Dynamic Medical Imaging, and OSU Managed Health Care.  With the sale, NAI Ohio Equities will retain the management and leasing of the building.

In addition to their own successful month, NAI Ohio Equities’ agent Pat Dwyer completed the sale of a 90,000 square foot multi-tenant industrial building located at 5075-5095 Westerville Road in Columbus.

Operating as central Ohio’s largest locally owned commercial real estate company; NAI Ohio Equities has been serving the Columbus real estate market for more than 37 years.  Located downtown in the Columbus Brewery District, NAI Ohio Equities is comprised of a team of 32 agents making up an experienced Brokerage Department specializing in land, retail, office, investment and industrial real estate.  In addition to the Brokerage Department, NAI Ohio Equities has a reputable Property Management Division managing more than 12 million square feet of property. As an affiliate of NAI Global, Ohio Equities is part of a network of 5,000 professionals working in 350 offices in more than 500 key markets around the world. For more information on NAI Ohio Equities or the NAI Ohio Equities/Anderson Layman Eastern Ohio Branch, including available brokerage and property management services visit www.ohioequities.com or please call 614-224-2400.

   
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