News 

October Closed Transactions

While volume remained steady with 17 closed transactions for October equating to more than 420,000 square feet, we had an exceptional month in terms of the size and significance of the transactions that were closed. The Sheeran-Semon Team of Dan Sheeran Sr., Dan Sheeran Jr., and Mike Semon had both of the largest transactions of the month with a lease signed by TP Mechanical Contractors at 1675 Watkins Road. TP Mechanical will use the 290,573-square-foot space for fabrication and distribution. Reading Rock signed a lease at 2646 Morse Road. Cincinnati-based…

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Commercial Real Estate 101 

Navigating the Commercial Inspection Process

Commercial inspections may seem like a mundane detail in the process of buying a property, but they are an extremely valuable and important tool in gauging your risk when making a purchase. At first glance, it may seem as if all commercial property inspectors are the same, but we spoke to the experts and discovered that commercial inspections are affected by several factors and criteria that impact the value you receive from them. From how to choose a commercial inspector to what you should expect, this is what you need…

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News 

September Closed Transactions

The pace quickened in September with our brokerage closing 18 transactions totaling more than 107,000 square feet, several of which were million-dollar plus deals. Of those transactions, the team of Matt Gregory, Andy Dutcher, and Philip Bird closed 66% of the month’s transactions spanning retail, industrial and office product. The team also had the largest transaction of the month, with the sale of an industrial listing at 1370 Research Road. The location will house Purdy Company, a distributor of material handling and commercial storage equipment. The 13,281-square-foot building sits on…

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ohio equities office News 

Opportunity Spurs Growth at NAI Ohio Equities

Less than a year after Matt Gregory stepped into the role of Managing Director for NAI Ohio Equities, he is delivering on his commitment to focus on the brokerage’s growth and operational strategies. Gregory says the firm is being intentional with its plans to grow the brokerage and has recently hired five new agents and is launching its pilot of the NAI Ohio Equities Fast Track training program. Chad Boggs, Bastian Gehrer, Andrew Green, Peter Griffith, and Chris Wellington will be the inaugural class in the firm’s formalized training program. Gregory said that…

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News 

August Closed Transactions

Activity dipped slightly in August with our brokerage closing 14 transactions totaling 68,797 square feet. Overall, 57% of the month’s transactions were office sales or leases, beating out industrial and retail transactions. The team of Matt Gregory, Andy Dutcher, and Philip Bird closed six office deals, the largest being 445 Hutchinson Ave., where they represented the tenant. John Mally represented the tenant in signing a retail lease at 2170 Polaris Parkway, which was the largest overall transaction of the month. Mally closed nearly one-third of the month’s transactions. The Industrial…

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Commercial Real Estate 101 

Beyond the Deal: Four Essential Steps Now That You’re Closing on Your Commercial Property

Your offer has been accepted, you’ve completed your due diligence, and you’re closing on your commercial property – so, what’s next? Whether you are a commercial property owner or tenant, there are still more details to attend to. From preparing your space for occupancy to budgeting for long-term capital expenses, these are the must-do’s now that you’re closing. 1. Prepare the Space for Occupancy Now that you’ve found the perfect space for your business, or secured the ideal tenant, it’s time to begin making it your own. You’ll need to…

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News 

July Closed Transactions

July was a strong month for our brokerage with 18 closed transactions totaling 328,288 square feet – six of which were multimillion-dollar transactions. Once again, the Office Brokerage Group of Matt Gregory, SIOR, CCIM, Andy Dutcher, SIOR and Philip Bird, SIOR had the largest transaction of the month with the sale of 400 E. Campus View for $7.5 million. The 12-acre site, which is home to an obsolete one-story office building in the Crosswoods neighborhood of Worthington, was sold to Champion Cos. for redevelopment. Champion Cos. will build 395 units…

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News 

The Evolving Role of the Property Manager and the Tenant Experience

The role of the commercial property manager has evolved. Office vacancy rates continue to remain high due to work-from-home and hybrid policies and tenants are seizing the opportunity to upgrade their space. The flight to quality – a migration to amenity-driven spaces in walkable mixed-use communities, has posed a dilemma for building owners, property managers, and brokers, with a surplus of aging office space that continues to sit on the market. As a result, property managers are now finding that they have become curators of the “tenant experience” to compete.…

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News 

What You Need to Know About Starting a Career in Commercial Real Estate

So, you’re interested in a career in commercial real estate but want to learn more about what it’s like and how to get started. You’re in the right place. What Does a Commercial Real Estate Agent Do? As a commercial real estate agent your job is to assist clients in buying, leasing, or selling commercial properties which can include office, industrial, retail, and multifamily properties. Each of these product types can become even more specialized, but generally, these encompass the main market segments. The depth of broker specialization is largely…

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News 

May Closed Transactions

May brought a slight uptick in activity over the prior month with our brokerage department completing 20 transactions equating to more than 159,000 square feet. The Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird had the largest transaction of the month with the sale of 5051 Forest Drive, an 8,650-square-foot freestanding medical office condo in New Albany. Office transactions accounted for 38% of the month’s closed transactions, indicating that there is a demand for the right size and type of office space. Industrial transactions, however, remain the…

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