New England Homes Relocates Corporate Headquarters to Powell, OH

 

Rj BOLL Realty recently arranged the lease for the relocation of New England Homes’ corporate headquarters to 9216 North Liberty Road, Powell, OH 43065.  The office building consists of ± 2,549 square feet of space, and is located ½ mile north of downtown Powell.  As a custom home builder, New England Homes specializes in a New England Style, with traditional designs for today’s living.  Featured at the 2016 BIA Parade of Homes, New England Homes was awarded second place in the Raymond S. Barry People’s Choice Awards for “Favorite House”!  For more information about New England Homes, please visit www.nehohio.com.

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Columbus Commercial Market Report – Q3 2016

 

The Columbus Commercial Market has continued to show strong absorption figures and low vacancy rates as we head into the final months of 2016.

The Industrial sector absorbed 2,931,340 square feet during Q3 of 2016 with the southeast submarket seeing the majority of that with just under 1.5M square feet of absorption. The vacancy rate remained steady at 6.0% from the previous year at this time. With inventory at an all-time low, developers are seizing the opportunity and currently have over 3.8M under construction.

During Q3 of 2016, the office sector reported negative absorption of 69,183 square feet. Despite the Q3 negative absorption, the overall vacancy rate has declined to 11.7% from 12.2% the year before. Similar to the industrial sector, office developers are taking advantage of the historically low vacancy rates and currently have over 300,000 square feet in the development pipeline.

If you are interested in finding out more about the Columbus Commercial Market, or need to find the perfect space for your company, contact the Professionals at Rj BOLL Realty and discover why we’re Central Ohio’s Elite Commercial Real Estate Firm.

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The All-American Quarter Horse Congress Returns to Columbus

 

 

The largest single-breed horse show in the world, The All American Quarter Horse Congress, celebrates its 50^th anniversary and returns to the Ohio Expo Center October 6 – 30, 2016.   The show attracts more than 650,000 people to the Columbus area, and generates $225 million for the central Ohio economy. The Congress features the best in Quarter Horse competition from reining to hunt seat to the excitement of barrel racing. Other entertaining events include the Country Concert, PBR (Professional Bull Riders) event, and the Tie-Down Roping Contest.  Also, don’t miss the great food and amazing shopping—there will be over 250 commercial exhibitors offering everything from show clothing to tack to equine art, jewelry, and home décor.  Admission is FREE!  For details on directions, parking and all events, visit www.quarterhorsecongress.com.

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Rj BOLL Realty Completes Leasing of 1076 Pittsburgh Drive

The 363,000 square foot multi-tenant office/warehouse building at 1076 Pittsburgh Drive, Delaware, OH was recently taken to 100% occupancy by Ray and Jeff Boll of Rj BOLL Realty.  Representing Westmount/Garrison, Ray and Jeff procured the tenant, NEX Transport, Inc., to occupy the vacant 163,000 square feet in the building, bringing the building to full occupancy.  NEX Transport, Inc. provides contract packaging, distribution, kitting, sequencing, line-side delivery, export, and mass production.  The building is located west of downtown Delaware, OH, with easy access to the freeway: less than 1.5 miles to US 42; +/- 3 miles to US 23.  For additional information on NEX Transport, Inc., visit www.nextransportinc.com.

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Kenosha Beef International, Ltd. Purchases 100% Leased Investment Property

Ray and Jeff Boll proudly represented Kenosha Beef International on the recent purchase of the fully-leased, single-tenant warehouse building at 1901 Dividend Drive, Columbus, OH 43228.  Ray and Jeff also negotiated the lease of the entire 144,850 square foot building to a major tenant.  In addition, Rj BOLL procured the property management contract for this property.  Rj Boll Realty’s team is committed to providing superior service and cost-effective maintenance, resulting in high owner/tenant satisfaction.  This property is situated in a prime location on the west side of Columbus in the Westbelt Business Park, +/- 1 mile from Roberts Road and I-270, with easy access to I-70.

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The 2016 Ohio State Fair!

The Ohio State Fair returns to the Ohio Expo Center!  Come out and enjoy the rides, attractions, concerts, and, best of all…THE FOOD!  The Fair opens its gates July 27 at 9am and runs through August 7, 2016.  You’ll easily find the Fair just north of downtown Columbus off I-71 at Exit 111 (17^th Avenue).  Visit www.ohiostatefair.com for more information on directions, hours, ticket & pricing, and the events calendar.

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Columbus Commercial Market Report – Q2 2016

The Columbus Commercial Market continues to show strong numbers well into 2016. Rental rates and sale prices continue their upward trend as the inventory remains at record lows.

The Columbus Industrial market had a positive net absorption of just under 625,000 square feet; more than half of that (382,245 square feet) being in the Southeast submarket as giants like Amazon lease large amounts of bulk warehouse space. The vacancy rate rose slightly to 6.4% from 6.0% the previous quarter. There is over 4 million square feet of Industrial space under construction, with over 70% of the space pre-leased.

Similar to the Industrial market, the Office market showed positive net absorption, although with a less impressive 1,400 square feet overall. The Downtown south market showed the highest absorption with just over 71,000 square feet. The vacancy rate has shown significant improvement from a year ago with a reported 11.7%, down from 12.4%. You can read the full market reports below.

If you are interested in finding out more about the Columbus Commercial Market, or you are having trouble finding the perfect space, contact the Professionals at Rj BOLL Realty and discover why we’re Central Ohio’s Elite Commercial Real Estate Firm.

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Red, White & Boom 2016!

 

The 36^th annual Red, White & Boom will light up the Columbus sky on July 1, 2016.  This all-day event attracts over 400,000 people to downtown Columbus to celebrate our country’s Independence Day.  This exciting celebration began in 1981 when 30,000 people gathered in Bicentennial Park to watch a small fireworks display.  It has boomed into what is now the largest single-day event in Columbus, featuring the most recognized firework display in the Midwest.  Each firework is custom made for Red, White and Boom.  Festivities begin at 11 am, and conclude with the Grand Finale Fireworks, presented by Marathon at 10 p.m.  Some of the activities featured during this event include Columbia Gas’ Children’s Park, Arena District’s Taste of Boom, the Ford Oval of Honor Red, White & Boom! Parade at 6pm, and numerous musical acts on four different stages.  For details on parking and activities, go to www.redwhiteandboom.org.

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ZOOFARI 2016 – One Wild Night!

The Columbus Zoo’s premier fundraising even returns!  Zoofari, presented by Nationwide Insurance, is Columbus’ best summer party.  It will be held on June 18, 2016, 7:30 p.m. – 1:00 a.m. at the Columbus Zoo, 4850 Powell Road.  This is the Zoo’s annual, adults-only fundraiser featuring more than 100 central Ohio restaurants and bars serving appetizer portions of their signature dishes and specialty drinks.  Guests “graze” their way through the Zoo enjoying live entertainment on multiple stages scattered throughout the Zoo grounds.  So, get out to Zoofari and support our Columbus Zoo!  It’s a whole new park after dark!  For tickets and more information, visit the Columbus Zoo and Aquarium’s Web site at www.columbuszoo.org.

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6500 Huntley Rd. Sold by Rj BOLL Realty

Wayne Asmus and Keith Joseph of Rj BOLL Realty represented the seller on the sale of 6500 Huntley Road, Worthington, Ohio.  This property consists of 53,560 Square Feet of single-tenant office/warehouse space.  It is located in a prime Worthington location, just south of Schrock Road; +/- one mile to I-71 and less than 3 miles to I-270.

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