Keeping up with CRE trends is as easy as 1-2-3 with our weekly piece! The Weekly Review is a new blog series that will be released every Friday. The market is constantly growing and adapting to new ventures and ideas, and our goal is to provide up-to-date information into what is happening in both the Columbus and U.S. markets, as well as the commercial real estate industry as a whole. As stories evolve, the Weekly Review will continue to follow along and update our clients and community.
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1
“Microsoft has added to its Pataskala land holdings amid a surge of recent purchases in the area. The tech giant recently paid $11.4 million for 43 acres at 3000-3007 Etna Pkwy., Licking County property records show. The site is close to the 290 acres it acquired about a year ago on Refugee Road Southwest. Microsoft bought those parcels for $30.7 million.”
2
“A retail center near the Mall at Tuttle Crossing has changed hands. The property, located at 5700-5780 and 5800-5830 Britton Pkwy., was acquired by Tuttle Crossing Holdings LLC for $21 million. The limited liability company is tied to DLC Management Corp., a retail real estate firm headquartered in Elmsford, New York. The site is on the other side of I-270 from the Mall at Tuttle Crossing."
3
“Ohio State officials say building out Ohio State's 350-acre Carmenton innovation district will help the university compete with some of the top research institutions nationwide. The OSU Board of Trustees approved an agreement last month for New York-based real estate company Tishman Speyer to help plan and develop the next 50 acres of Carmenton. Sci-Tech, the OSU real estate affiliate responsible for the west campus district, also was approved to sublease portions of 13 additional acres to develop mixed-use projects.”