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 on the site. The team also sold the Dispatch building at 62 E. Broad Street on Capitol Square for $1.1 million.
The number of medical office transactions increased dramatically in July accounting for more than a quarter of all transactions.
Industrial transactions led the pack this month with 44% of all closed transactions being industrial properties. The Office Brokerage Group represented the buyer in the largest industrial transaction of the month at 8205 Business Way in Plain City, Ohio. The Industrial Property Team of Curt Berlin, SIOR, Matt Osowski, SIOR and Blake DeCrane closed 62% of the month’s industrial transactions.
John Mally closed 22% of the month’s transactions, including the sale of 10649 SR-104 in Lockbourne, Ohio, a special purpose property that sold for $1.26 million, and 1550 Lockbourne Rd., a retail center in which he represented the buyer and then represented the landlord in leasing out a space within the center.
To view all of our July Transactions, view or download our list: https://indd.adobe.com/view/0c8222ca-4ad3-4e55-8aeb-ba5017c20bb0