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2008
Alterra
Leased/Sold 284,918 Square Feet in First Half of 2008
2007
Two
Metro Purchased For $13.8 Million
Alterra
Leased/Sold 284,918 Square Feet in First Half of 2008
Columbus, OH
– Alterra Real Estate Advisors, a Columbus based commercial
real estate firm, announced that it leased or sold 284,918
square feet (SF) in the first half of 2008. This equates to
$15,000,000 in total gross revenue and square footages of the
transactions ranged from 382 to 24,500 SF.
Properties
included industrial, office and retail locations and some of
the larger lease transactions were:
HSM - Office -
24,500 SF
Kroger -
Industrial - 19,473 SF
Federal -
Government Office - 18,000 SF
Polaris
Automation - Industrial - 16,000 SF
Goodwill
Industries - Retail - 9,370 SF
Chipotle -
Retail - 4,209 SF
Most recently,
Ross Lanford of Alterra represented both the buyer and seller
in the sale of 6565 Worthington Galena Road, a 22,900 SF
medical office building, to 6565 Worthington, LLC for
$2,500,000.
Tom Freiburger of
Alterra completed the sale of 2835 Morse Road, a 25,412 SF
retail location, to Charter Schools Development Corporation (CSDC)
for $1,575,000. CSDC will be opening its third Horizon Science
Academy in Columbus at this location.
Alterra Real
Estate Advisors was founded by Brad Kitchen in 1999, applying
his 17 years of experience, to provide a premier level of
commercial real estate brokerage services throughout the
country, enabling their clients to locate new facilities,
reduce costs at their current facilities, and earn the highest
returns on their real estate investments. Alterra was named
one of ten Power Broker’s in the Columbus market place by
the CoStar Group, the nation's leading provider of electronic
commercial real estate information. For more information
regarding Alterra Real Estate Advisors, please visit
www.AlterraRE.com
Two
Metro Place Purchased For $13.8 Million
July
10, 2007, Columbus–OH
565 Metro Place
South has been purchased from Pizzuti by a group of local
investors headed by Brad Kitchen and Ronald P. Davis.
Two Metro Place is a 118,000 sq. ft. Class A office
building in the Metro Center complex.
Brad
Kitchen, President of Alterra Real Estate Advisors who
recently acquired other buildings in Metro Center, put the
building in contract in March when the building was 85%
occupied. However,
Kitchen and Ross Lanford of Alterra added enough tenants to
bring the building to 98% occupancy prior to closing.
One group moving into the building and becoming an equity
partner is Focus Lodging Group (FLG), consisting of Pete
Coratola, Fred Graft and Matt Studer.
FLG owns, develops and manages hotels around the country
including most hotels at the Port Columbus Airport and the new
Hilton Hotel under construction at Polaris.
Other
Tenants in Two Metro Place include Countrywide, Hartford
Financial, Hylant, Lowe’s, Sophos (formerly Smartpipes and
Endforce), OSU, and Siemens
This
brings Dublin’s Class A vacancy down to 8.4%.
Alterra
Real Estate Advisors, located at 500 S. Front St. in the Brewery
District was recently named one of ten, Power Broker’s in the
Columbus market place by the CoStar Group, the
nation's leading provider of electronic commercial real estate
information.
View all Alterra
properties available for Sale
or Lease
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