October Closed Transactions
Activity picked up in October with our brokerage department closing 26 transactions, a 30% increase over September, equating to more than 992,000 square feet sold or leased for the month. Our featured transactions for the month were all multimillion-dollar deals, which included long-term leases and renewals.
Mike Simpson represented Telhio Credit Union in its search for its newest location. Telhio signed a 10-year lease at 330 Rush Alley at The Peninsula in Franklinton. Citing a desire to be in a progressive area, Telhio sought a location that also offered building signage and kept all employees on one floor. Telhio is in the process of selling its 96 N. 4th Street location to an owner occupant which is expected to close later this month. It will lease back its current location until its Franklinton location is ready to occupy in summer 2023.
Industrial transactions accounted for about 40% of the month’s total transactions. Curt Berlin and the Industrial Property Team had the largest multimillion-dollar transaction of the month providing consultation services to the lessor at 4314 E. 5th Avenue on the approximately 700,000-square-foot lease to Geodis Logistics.
Philip Bird and the Office Brokerage Group represented the landlord in negotiating a lease renewal at 579 Executive Campus Drive in Westerville. ABB Inc. signed a long-term extension for its first-floor offices and flex space.
