Category Archives: Columbus

Columbus – Byers Chevrolet Retail Property Sold to NRI

The announcement came yesterday that Nationwide Realty bought the eight acre Byers Chevrolet property on W Broad Street, just west of Downtown Columbus on the Scioto Peninsula . Byers plans to be open in Grove City by November 15th according to Byers VP, George Kauffman.  Byers Automotive employs around 120 employees. Redevelopment plans have not been…

Retail and Restaurant Tenant Credit Ratings

This one is for my triple net retail investors. Net leased retail buyers desiring leverage know that national credit retailers’ credit ratings with S&P and Moody’s are hugely important for getting a loan at decent rates and terms or even getting the loan at all. Investment grade credit is S&P BBB or above. Once in…

Dublin, Ohio Arthritis Foundation Charity Car Show

For the 32nd annual show there was a record turnout last weekend with around 1,400 cars present, including me of course.   The perfect weather with no rain and moderate temperatures surely helped. As I’ve written about here many times, Dublin, Ohio has some big plans ahead for the revitalization of Dublin Granville Road from Sawmill…

Ohio State University South Campus Gateway Expansion.

columbus commercial real estate for sale and lease

Ohio State University plans to start the rezoning process for the Campus Partners for Community Urban Redevelopment properties on 7 acres immediately south of the existing South Campus Gateway.  This will be mixed use including ground floor retail with office space and residential above. The rezoning process will begin next month and is expected to be…

Retail parcel zoned for retail/restaurant needed in southern Delaware County, Ohio

Triple net retail leased restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use on route 23 in southern Delaware County (Columbus north) from approximately Orange Road up to Sandusky Street.   Zoning needs to already be commercial/retail.  Out parcels in front of Menard’s or Kroger’s preferred.  Build to suit opportunity, fine….

Panera Opens Dedicated Facility for Catering on Bethel Road in Northwest Columbus

Panera has repurposed their old Columbus area offices on Bethel Road into a centralized catering facility employing 40.  Based in Warren, Covelli Enterprises’  Panera Bread franchisee has been a hugely successful Columbus area net leased fast casual restaurant with 23 area locations. The Columbus area Panera catering business has grown to 10% of their revenue…

Land zoned for Retail / Restaurant Use Needed in Marysville, Ohio

Local restaurant client needs 3/4 acre up to 2 acres for fast casual restaurant use off of one of the route 33 exits in Marysville, Delaware, Main or Maple.  Zoning needs to already be commercial/retail. Columbus area commercial broker / agent /principal with product that meets above requirement, call me, Scott Harris at 614-905-6614 or…

Columbus Ohio 2014 Festival Schedule

columbus commercial real estate

If there’s thing that we really do well in Columbus Ohio, it’s the festivals that run from spring to mid autumn. At the link, thanks to Columbus Underground and specifically Anne Evans, is a complete, well researched directory to all of the events. I’ll link directly to some of them, but for the full list,…

Net Lease Retail Cap Rate Compression for First Quarter 2014

Cap rates fell 40 basis points and net lease retail product quality also falls in the first quarter of 2014. We’re thinking retail right about now as the national ICSC Global Retail Real Estate Convention is just around the corner running through May 18-20 and over 30,000 net lease retail professionals converge on Las Vegas….

Another Cincinnati Restaurant Favorite to Open in Columbus

Columbus triple net retail

The Columbus net leased restaurant market is getting another out of town addition, and again it’s from Cincinnati. Brian Ellis, president of Nationwide Realty Investors Ltd announced that Cincinnati restaurateur, Nada is taking the 6,000 plus square foot space at the new Columbus Gas of Ohio building at 240 Nationwide Blvd. Nada will be the…

How about a grilled cheese and tomato soup?

tom & chee

Central Ohio newcomer Tom & Chee with what’s being called “the ultimate grilled cheese experience” is planning up to ten fast casual type restaurants in Central Ohio with two opening this year. Tom & Chee has received national attention for primarily one specialty: the grilled cheese donut. It’s cheddar cheese melted between a glazed donut….

Columbus Seeking Proposals to Redevelop Closed Municipal Light Plant Site

Columbus Municipal Light (Chris Russell/Dispatch Photo)

Columbus will take proposals through May 8th to redevelop the site of the Municipal Light Plant at 555 W Nationwide Blvd. , adjacent to the Arena District, and originally opened in 1904. The hopes are to restore and save the original power plant building and redevelop the 1.2 acres into multifamily housing or condos.  I imagine…

Construction Well Underway for the Worthington Road Extension

Westerville net leased retail

Work began a couple of months ago on the Worthington Road extension that will run from Polaris Parkway at the top of the photo south to County Line Road at the bottom of the photo. Design of the $6.3 million project began in 2012 with completion expected by November of this year. Utilities and sewer…

New Albany Panera is the 34th for Central Ohio

Warren Ohio based Covelli Enterprises has just opened their 34th Central Ohio Panera at 5547 New Albany Road in New Albany . It’s the second of seven planned Columbus area net leased restaurant openings for Central Ohio in 2014. The first this year was in the old Clarmont in German Village. The New Albany location…

Columbus Ohio – Rust Belt Becomes Recovery Belt

Steve Steinour who coined the term ‘recovery belt’ after arriving in Columbus five years ago to head up then struggling Huntington Bancshares.  I think he’s been thoroughly impressed with the breadth and depth of not only Columbus and Central Ohio’s recovery , but Ohio as a whole. “We had our challenges, to be sure –…

North Columbus Area Retail Factory Outlet Mall in Delaware County

Simon Property Group and Tanger Factory Outlet Retail Centers have just won a challenge to the zoning of their joint factory outlet retail center to built in Berkshire Township at the Routes 36/37 and I-71 interchange. The competing Northgate Center project is still tied up in a rezoning battle with Berkshire Township.  Developers Craig Realty…

Republican National Convention for Columbus in 2016 is a No Go

It was announced that of Phoenix and Columbus, Cincinnati, Cleveland, Dallas, Denver, Kansas City and Las Vegas, Columbus and Phoenix were eliminated on the first round as the host city for the Republican National Convention for 2016. Given that Ohio is always pivotal in winning the presidency and that Columbus is one of the very…

Proposals for Columbus Convention Center Excess Property

Columbus net leased retail

Proposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale.  Wagenbrenner, Pizzuti, Starwood and a joint proposal from CoProposals from four developers have proposed hotels for the wedge shaped ground level parking lot directly across from the convention center on Goodale. Wagenbrenner,…

Caps for Columbus Downtown I-70 / I-71 Split Bridges

Columbus Capital South commercial real estate for lease

Caps similar to the High Street cap over I-670 have been under consideration for the new High Street and Third Street bridges over the new I-70 / I-71 split for quite a long time.  The new bridges will feature caps initially built as green space, but with the capacity to hold buildings just like the…

March 2014 – Commercial Construction Update for Columbus and Central Ohio

I’ll link shortly to Walker Evans at Columbus Underground for his summary of the current progress of Columbus commercial real estate for sale and lease. True, the weather has had huge effect on many of these projects, but now that hopefully it’s getting warmer, there will be much progress in the coming months.  We sure…