Category Archives: Commercial

Mixed Use Development Proposal for Clintonville Olympic Swim Club Site

multifamily apartments, net leased retail

No, it’s not a proposal for Columbus to host the 20xx Olympics, but it is a large 152 unit mixed use development with ground floor mixed use retail and possibly office with three floors of multiunit residential on top in Clintonville to be named the Olympic.  And finally something a little different in architecture for…

Proposed Ohio General Hospital at Polaris

According to Carrie Ghose with Columbus Business First, Adeptus Health of Dallas Texas is expanding into Central Ohio with a proposed three story 24 bed (expandable to 48) on a 5 .5 acre parcel.  The parcel at the corner of I-71 and Gemini Place in the Polaris Fashion Mall area  is currently owned by McGraw…

Polaris Area Restaurants Booming

There’s lots new cooking up around Polaris between new openings and under construction projects of polished casual and fast casual restaurants. Latest two to have opened are the Roosters at 1041 Gemini Place and  Matt the Miller’s Tavern at 1436 Gemini Place.   The polished casual bar and grill is not at now at four locations,…

A Break From Talking Commercial Real East in Almost Every Post

I’m a little tardy regarding getting some vids together on a few big car events we had here in the Midwest.  I thought I’d better post these now because there several more events coming with the Pontiac Nationals this weekend and then Woodward Dream Cruise in two weeks. So instead of droning on about triple…

1200 Fig With 648 High End Condos Reveal Today

los angeles net leased retail

648 condos in the twin 35 story towers will sit above eight stories of retail, parking and electronic signage in place of the two huge surface parking lots that face Staples Center now. The condos will range in size from 750 square feet to over 4,000.  A hotel may also be part of the project…

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…

Columbus North – Route 23 and I-270 Interchange

Anyone who spends much time around north Columbus and especially eastbound motorists on I-270 approaching the Worthington, High Street  / Route 23 Interchange has long known that there’s a serious problem. This is the third busiest interchange in Central Ohio and probably the state, with a vehicle count of over  173,000 traveling through it daily. …

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….

Century City’s Westfield Mall Gets $700 Million Facelift

West Los Angeles commercial real estate for lease

And what a facelift it is!  The revamped mall will feature an additional 422,000 square feet of new retail space with an additional 70 Los Angeles commercial real estate net leased, world class luxury retailers or restaurants for a total of 220 retailers and restaurateurs. There will be eight acres of outdoor space including a…

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…

Mercedes Benz Signs Largest Los Angeles Commercial Lease in a Quarter Century in Long Beach

Long Beach city and business executives broke ground on Mercedes-Benz’s new facility in East Long Beach near the Long Beach Airport where Mercedes will consolidate approximately 200 employees from its Western Regional Offices and other local operations. The new space will also be used as a center for preparing the high-end cars and SUVs, imported through…

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…

Big Mixed Use Project at Sunset and Crescent Heights Sure to Provoke a NIMBY Fight

los angeles commercial real estate for lease

This might be one that the NIMBYs will lose trying to derail this giant mixed use project at 8150 Sunset at the corner of Sunset and Crescent Heights to replace the old Garden of Allah estate. The project has received designation as a California Environmental Leadership Development Project, which means that any litigation against to…

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….

1031 Exchange – Retail – Client Requirement $1.6 to $3.2 Million

IRS Section 1031 need for replacement property. Exchanger in day 4 of 45 day identification period from closing relinquished property looking for triple net retail or absolute net retail, $1.6 mil to $3.2 mil. Exchanger prefers California triple net commercial real estate for sale , but will consider out of state. Must be credit tenant,…

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…