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Master-Class Office Property for Sale in Bustling Community Near Columbus, Ohio

Tuesday, April 05, 2016

HFF has announced a new investment opportunity with the global headquarters of the Retail Services division for Alliance Data Systems (ADS). The office property for sale is located in the 1,300-acre, premiere, master-planned community of Easton near Columbus, Ohio.

ADS office property The 327,037-square-foot office property is built on 24.27 acres and comprises two Class A office buildings currently under construction. The first, ADS I, will measure four stories and total 241,617 rentable square feet, while the second, ADS II, will measure three stories and total 85,420 rentable square feet.

Scheduled to be completed in 2016, the office property for sale resides in Easton, one of the premier, master-planned, mixed-use developments in the nation. The area has seen more than $1.5 billion in private and public investments with continued growth on the horizon. The office property also is located within minutes of the nationally-renowned Easton Town Center, a 1.8 million-square-foot lifestyle center highlighted by tremendous retail, dining and entertainment venues.

Easton's competitive office market enjoys the lowest vacancy rate in the market at 2.3 percent while commanding higher rents within the Columbus MSA market due to abundant amenities and talent attraction. Coordinated services, including internal transportation and security measures, provide for a comfortable experience for employees. Additionally, Easton's highways provide for quick access around the larger MSA area.

Office Property Investment Benefits

  • Phenomenal Location in Single-Tenant Market: The office property joins a market dominated by high-quality, single-tenant, Class-A office properties commanding significant rent premiums over the rest of the Columbus market.
  • Extensive Metropolitan Area: The city of Columbus is the largest city in the state of Ohio and 15th largest in the nation. With 2.1 million citizens within its limits, the city is highly regarded across major publications for accelerated growth in jobs and housing.
  • Young and Educated Population: The city's 138,000 university students, including 57,000 at The Ohio State University, are fueling the area's workforce as companies look to expand. Additionally, Columbus features a younger median age compared to the national average.
  • Pleasant Quality of Life: The city's young population and low cost of living will continue to attract businesses and new residents to the area. Citizens also enjoy Columbus' notable arts scene and expansive park space.

This office property in Columbus, Ohio, gives investors an opportunity to be a part of a competitive market looking to significantly expand in the coming years. For more information, contact HFF Managing Director Mark B. Katz in HFF's Chicago office.

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