Acoustic Ceiling & Partition of Ohio Acquires 691-697 Green Crest Drive in Westerville, OH

 

 

 

Rj BOLL represented Acoustic Ceiling & Partition of Ohio (ACP) on the acquisition of its new location in Brooksedge Corporate Center at 691-697 Green Crest Dr., Westerville, Ohio.   This 19,320 square foot multi-tenant investment property will be the relocation site of ACP’s Columbus division.  ACP will occupy 10,000 square feet of remodeled space within the building.  Two additional tenants occupy the building: Archive Data Solutions, LLC and Kingfisher Medical, Inc.  In addition, Rj BOLL Realty assisted ACP on the sale and disposition of its existing Dublin facility at 7686 Fishel Dr., consisting of 10,902 square feet of office/warehouse space.

Located in the Brooksedge Corporate Center, ACP’s new locations is conveniently situated near the intersection of Schrock Road and State Street, with close proximity to Uptown Westerville; easy access to I-270, I-71 and SR 161.

For additional information on ACP visit www.acpohio.com

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Columbus Commercial Market Report – Q1 2016

 

 

The Columbus Commercial Market is starting 2016 off with a bang! Rental Rates continue to rise and vacancy rates are steadily dropping from what was reported in 2015. Both the Office and Industrial Markets are poised to continue to show strong numbers as the inventory shrinks.

The Columbus Office Market experienced a positive net absorption of over 203,000 square feet in the First Quarter. The vacancy rate fell from 14.1% in Q4 2015 to just under 12% in Q1 2016. Eight new office buildings, totaling 1.3 million square feet, are currently under construction.

The Southeast Industrial Sub-Market showed the highest level of net absorption at just over 1.4 million square feet. Subsequently, vacancy rates fell this Quarter to 6.6% from 6.8% in Q4 2015. The Industrial Market currently has 3.4 million square feet of warehouse space under construction. Included in that, Amazon has 1.8 million square feet in development in the Southeast and Licking County Sub-Markets.

You can read the full market reports below.

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AMG Peterbilt Purchases Truck Maintenance Facility at 3815 Zane Trace Drive

 

 

Ray and Jeff Boll of Rj BOLL Realty represented AMG Peterbilt in its recent acquisition of a new truck maintenance facility at 3815 Zane Trace Drive.  This facility provides 15,736 square feet of space, situated on 2.18 acres of land, for AMG Peterbilt to utilize in its truck maintenance, sales, leasing, and service operations.

AMG Peterbilt is a full service Peterbilt dealership, offering new & used truck sales, heavy duty truck parts, and full-service repair, as well as truck rental/leasing.  This new location provides an excellent west-side location, one exit north of I-70 at the new Roberts Rd. and I-270 interchange.  AMG Peterbilt has three other locations in Plain City, Dublin, and Marietta, Ohio.  More information about AMG Peterbilt can be found at www.amgpeterbilt.com

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Columbus Commercial Market Report – Q4 2015

 

For Q4 of 2015, the Columbus Industrial Market continues to report strong figures as the inventory continues to be leased and sold at pre-recession rates.  The overall vacancy rate remained relatively steady at 6.7%.  The Southeast Industrial Submarket recorded the highest level of net absorption for the quarter with over 1.7 million square feet.

The Office Market reported a vacancy rate of 12.3%, similar to the rates seen in Q3 of 2015. The Central Business District (CBD) Office Submarket reported at positive net absorption of 53,868 square feet.  To read the full reports from Xceligent, click the links below.

With inventory dwindling and the market becoming tighter and tighter, now is the time to lease or buy.  Contact the trusted professionals at Rj BOLL Realty to help you search, select, and secure your ideal space today.

 

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