Author: Rj Boll Realty

Round Hill Furniture – Expansion and Relocation

Rj Boll Realty

Round Hill Furniture – Expansion and Relocation

ZaneTrace_RHF

Rj BOLL Realty would like to congratulate Round Hill Furniture on their recent purchase of 3640 Zane Trace Drive, Columbus, OH 43228 (pictured above); a 200,000 square foot distribution warehouse on the west side of Columbus, more than double the space of their current central Ohio distribution space. Round Hill Furniture was established in 2001 in Columbus, OH and is one of the largest wholesale distributors of bedroom sets, dining, living room, and accent furniture in the mid-west. Round Hill Furniture is dedicated to providing its clients with expertise and reliability that comes from twenty years’ experience in furniture import and wholesale.

Round Hill Furniture has continued to grow year after year and as a result they have out grown their current 95,000 square foot building located at 5357 Crosswind Drive, Columbus, OH 43228. Ray Boll and Jeff Boll of Rj BOLL Realty were vital in identifying the property and negotiating the final terms of the sale, and have been retained to list Round Hill Furniture’s current building while they transition into the new facility.

Listing information can be found in the links below:

http://www.loopnet.com/lid/19472141 – Sale Information

http://www.loopnet.com/lid/19472148 – Lease Information

 

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Columbus Commercial Market Report – Q3 2015

Rj Boll Realty

Columbus Commercial Market Report – Q3 2015

For the 3rd Quarter of 2015, the Columbus Industrial and Office Markets continue to remain strong with historic low vacancy rates as inventory continues to be leased and sold. For the first time in over a year, the Industrial Market had a negative absorption rate, which raised the overall vacancy slightly to 7.02% from 6.28% last quarter. In contrast, the Office Market had an overall positive absorption of over 243,000 square feet, dropping the vacancy rate, for the second consecutive quarter, from 13.7% to 12.8%.

With inventory dwindling, several developers are seizing the opportunity for more speculative projects. There is currently over two million square feet of industrial space under construction. It will be interesting to see how all of the current activity will play out through the rest of 2015 and into 2016. To read the full market reports, click the links below.

 

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Middle West Spirits – Expansion

Rj Boll Realty

Middle West Spirits – Expansion

Congratulations to Ryan Lang and Brady Konya with Middle West Spirits, producers of the OYO brand of distilled spirits, on their expansion into a 23,650-square-foot building on the near-east side. Lang and Konya worked closely with Rj BOLL Realty and Mike Grenert, SIOR, to negotiate final terms and secure the facility at 470 E. Starr Avenue.

The warehouse located at 470 E. Starr Avenue will be used mostly for storage and will allow Middle West Spirits to expand their current production facility at 230 Courtland Avenue. The $3.5 million expansion project includes the warehouse and distribution space in the Milo-Grogan neighborhood along with a small restaurant shoehorned into the production plant, located in Italian Village. After the renovations are complete, Middle West Spirits will be capable of producing more than 10,000 gallons of spirits per day, almost 80 times their current capacity of 130 gallons of spirits per day. They will have separate stills for whiskey and vodka, with a third set aside for rum, brandy, and gin.

Middle West’s project is self-financed, and the company is receiving some tax credit help from the city. The company will add 25 new positions, most of those coming on board within the next year.

http://www.dispatch.com/content/stories/business/2015/10/07/middle-west-spirits-installs-new-still.html

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Rj BOLL Realty Sells 2170-2200 Dividend Dr. & Acquires Property Management

Rj Boll Realty

Rj BOLL Realty Sells 2170-2200 Dividend Dr. & Acquires Property Management

Rj Boll Realty’s Ray Boll and Jeff Boll, in conjunction with Wayne Asmus, recently closed the sale of the property located at 2170-2200 Dividend Drive in Columbus, Ohio. The property consists of 43,975 square feet of office/showroom space, and sold for $1,055,000.00. Since the sale, the building is undergoing a transformation with a complete exterior refurbishing. The property is being rebranded as Westbelt Tech Center, offering high-tech office/showroom space with glass store fronts for lease. The interiors will feature loft-style finishes with exposed ceilings, ideal for high-tech users, healthcare, pharmaceutical practices, and engineering firms.

Rj BOLL Management also procured the property management contract for this property. The management team is committed to ensuring superior service, cost-effective maintenance, and high tenant-retention.

Located just one mile from Roberts Road & I-270, and less than five minutes from I-70, Westbelt Tech Center is the perfect location, providing excellent access to major freeways. Various units with freeway frontage and signage are available from ± 3,220 square feet up to 12,450 square feet.

Picture of Property at 2170-2200 Dividend Dr. and Rj Boll Realty Acquired the Property Management contract

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Columbus Office Market Report – Q2 2015

Rj Boll Realty

Columbus Office Market Report – Q2 2015

The Columbus Office Market has started to pick up steam in the second quarter of 2015 with an overall positive net absorption of over 485,000 square feet. The “Class A” office product posted the majority of that with over 382,000 square feet of positive absorption, due in large part to the delivery of the Columbia Gas building, which was fully occupied at the time. Vacancy rates for Q2 decreased from 14.6% to just over 13% in the second quarter of 2015.

A notable sale during Q2 was the office building at 350 Worthington Rd. The property consists of 48,000 square feet and recorded a sale of $4,175,000.00.
Read the Full Report

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Columbus Industrial Market Report – Q2 2015

Rj Boll Realty

Columbus Industrial Market Report – Q2 2015

The Columbus Industrial Market continues to perform well into the second quarter of 2015 with a positive net absorption of 294,635 square feet. The overall market vacancy rate declined to 5.6%, down 0.1% from the previous quarter. Asking rates have remained constant, hovering around $3.10 NNN per square foot.

The Columbus Industrial market is expanding with over 3 million square feet of warehouse space under construction. Notable projects range from 250,000 square feet up to over 1 million square feet and are primarily focused in the southwest, southeast, and east sub-markets.
Read the Full Report

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Baesman Group

Rj Boll Realty

Baesman Group

Rj BOLL Realty proudly represented Baesman Group on the purchase of a new auxiliary production facility at 3820 Zane Trace Drive, Columbus, OH 43228. Their new 98,500 square foot facility will allow Baesman to meet printing and fulfillment needs as the company continues to grow. More information about Baesman can be found at http://baesman.com/

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Four Strings Brewery

Rj Boll Realty

Four Strings Brewery

Congratulations to Dan Cochran and Four Strings Brewery on their expansion into a 25,000-square-foot building on N. Hague Ave. The building will house a new brewing system that can make 8,000 barrels of beer a year, more than triple the Four Strings’ current capacity at 985 W. 6th Ave. The 6th Ave. taproom will be used to make one-off and odd beers, which will also remain open for business.

Dan contacted Rj BOLL Realty to help him with his search for a new brewery location. Rj BOLL Realty was vital in every step of the process from site selection through final negotiations. We look forward to watching Four Strings continue to grow and remain an industry leader in Columbus’ expanding craft beer market.

http://www.dispatch.com/content/stories/business/2015/05/01/columbus-brewers-bigger-plant-part-of-taking-beers-statewide.html

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