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Knox County Land Bank Partners with NAI Ohio Equities to Help Bring Manufacturing and Jobs Back to Heartland Commerce Park

A nearly 200-year-old manufacturing campus in Knox County is once again coming to life five years after the announcement that one of the area’s largest employers, Siemens Energy, would cease operations there. The 47-acre property which includes 12 buildings totaling 670,000 square feet was acquired by the Knox County Land Reutilization Corporation, also known as the Knox County Land Bank, in 2020 after Siemens decided it no longer wanted to retain the property following the closure. The property has housed power generation systems manufacturers, from steam engines to jet engines to…

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February Closed Transactions

The pace for February remained constant with our brokerage closing 18 transactions equating to more than 136,000 square feet. Joe Menninger represented the buyer in our largest transaction of the month. His client, an investor, purchased an industrial warehouse at 2580 Harrison Road with tenant, Synagro, in place. Overall, roughly 30% of the month’s transactions were industrial. The Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird represented Healthcare Realty Trust in adding a new tenant, Hypertension Nephrology Consultants, Inc., to the medical office building at 500 E.…

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Maximizing Efficiency and Quality: The Importance of Periodically Bidding Out Service Contracts

If you’ve been using the same vendor for years without bidding out the service contract, you could be doing yourself a disservice. As a property management company, bidding out service contracts for our clients is a valuable tool that creates a balance between maintaining quality service and optimizing costs. In this blog post, we delve into the benefits of bidding out service contracts, including which services to start with and the frequency. Reasons for Periodically Bidding Out Service Contracts Cost Savings Regularly bidding out service contracts ensures you receive the…

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January Closed Transactions

Despite January typically being one of the slower months, our brokerage remained active, closing 20 transactions equating to more than 228,000 square feet. The Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird closed more than one-third of the month’s transactions. The team also closed the largest transaction of the month and represented the landlord, Healthcare Realty Trust in a renewal at 85 McNaughten Rd., with Mount Carmel Health Systems. MCHS occupies roughly 35,000 square feet of the eastside medical building. Overall, half of the month’s transactions were…

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Unintended Consequences: How the NAR Ruling Will Change Cooperative Compensation Practices

The $1.78 billion verdict in October against the National Association of REALTORS® has sent shockwaves across the residential real estate industry. The ruling in the case of Sitzer/Burnett v. The National Association of Realtors et al, including Compass Inc., EXP World Holdings Inc., Redfin Corp., Weichert Realtors, United Real Estate, Howard Hanna Real Estate Services, and Douglas Elliman Inc., claimed that the NARs “participation rule” and “cooperative compensation” practices forced home sellers to pay inflated commissions to buyer agents. Within hours of the verdict, the plaintiff attorneys in the case…

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NAI Ohio Equities Promotes From Within, Creates New Leadership Structure for Property Management

We are pleased to announce the promotions of Dave Wakeman and Devon Cotterman, who each have new roles as Vice President of Property Management for NAI Ohio Equities. “Dave and Devon have long-tenured careers here at the company and have established a standard of excellence for the properties they serve. It was imperative to look at our talented group of people and to promote from within our organization,” said President Mike Simpson. “We looked closely at our future goals and determined that it made a lot of sense for us…

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December Closed Transactions

The pace of transactions for December remained constant as the year came to an end. Overall, our brokerage closed 20 transactions equating to more than 112,000 square feet. The largest transaction of the month was the sale of 33 N. Grubb Street by the Office Brokerage Group of Matt Gregory, Andy Dutcher, and Philip Bird along with Mitchell Moore. The 25,610-square-foot building which was the headquarters of the nonprofit, Home for Families, was purchased by The Lincoln Center for Family and Youth. Home for Families will continue to operate its…

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Year in Review: Community Engagement Committee Reflects on 2023

We’ve had a busy year, but it hasn’t all been business. Our Community Engagement Committee is responsible for planning and coordinating the events that support our culture and has also been hard at work. It’s been a year of growth as we’ve coordinated 17 events, from internal events that have brought us together to external activities that support important causes and organizations that lift the Columbus community. As a locally owned and operated firm that has been helping to shape the skyline of Columbus for more than 50 years, we…

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November Closed Transactions

Our brokerage gained momentum in November closing 21 transactions equating to more than 1 million square feet, and of which one-third were million-dollar deals. Ryan McGreevy had the largest deal of the month. He represented the buyer, StarCharge, which purchased 425 and 535 Enterprise Drive in Lewis Center. StarCharge will use the facility to manufacture new energy solutions such as EV charging solutions. The Industrial Property Team of Curt Berlin, SIOR, Matt Osowski, SIOR, and Blake DeCrane partnered with Tim Kilkelly, SIOR of Foundry Commercial Real Estate to represent the…

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A Five Step Guide to the Tenant Buildout Process

Step 1: Narrow Your List To begin, hone in on what your needs are versus your wants for the space and narrow down your search to the top two to three options. Having a short list will help to simplify your ability to compare and contrast your total cost for each space. Step 2: Develop a Space Plan A space plan is a detailed layout or design that shows the contractor how you intend to use your space. The best way to do this is to hire an architect or…

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