Press Release brought to you by NAI Ohio Equities

NAI Ohio Equities Represents Developer in Sale of 265,000 SF Former Industrial Building

07/05/2017

NAI Ohio Equities Represents Developer in Sale of 265,000 SF Former Industrial Building

 

 

COLUMBUS, OH – 7/5/2017–A 265,000 SF functionally obsolete industrial building located on 10 acres in the highly sought-after submarket of Clintonville, a suburb of Columbus, Ohio has recently sold to Vision Development Inc. The buyer plans to develop a new mixed-use project on the site. The Seller was a subsidiary of Dixie International, a wholesale aftermarket powersports accessory distributor.

 

Vision Development Inc. is planning to build a 300-unit apartment project along with commercial space. The project will include studio, one- and two-bedroom units, as well as a pool, lounge, and fitness center. Also included on the site are a parking garage, restaurant space, retail structure, and two office buildings.

 

“This project truly is an urban, mixed-use project,” Brent Wrightsel, President of Vision Development explained.

 

The $4.2 million sale was brokered by NAI Ohio Equities’ Peter Merkle, who represented the buyer in the transaction.

 

 

 

About NAI Ohio Equities

Operating as central Ohio’s largest locally owned commercial real estate company; NAI Ohio Equities, LLC Realtors has been serving the Columbus real estate market for 45 years. Our mission is to provide the highest quality real estate service by adding value to our client’s assets and real estate needs through expert analysis, market knowledge and personalized service.

 

For more information, please visit www.ohioequities.com

Source

NAI Ohio Equities

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