November Closed Transactions
November remained steady for transaction volume with our brokerage closing 16 transactions equating to 496,054 square feet.
The three largest transactions of the month were industrial leases. The largest transaction by volume was a lease completed by the Industrial Property Team of Curt Berlin, SIOR, Matt Osowski, SIOR and Blake DeCrane who represented FST Logistics in leasing more than 383,000 square feet in Fort Worth, Texas. The space will facilitate FST’s expansion into the region.
The team also had the second largest transaction by volume representing the landlord in signing a new tenant at 2351 New World Dr. that will occupy 10,710 square feet. Joe Menninger, CCIM represented the tenant in the third largest transaction, leasing 104 Heritage Dr. in Pataskala.
Office transactions accounted for nearly one-third of the month’s activity. The signing of a new tenant at the Vibe Westerville building at 579 Executive Campus Drive was one of the month’s largest office transactions. Philip Bird, SIOR, Matt Gregory, SIOR and Mitchell Moore represented the owner in signing HW & Co., a tax and accounting advisory firm which will occupy 5,395 square feet.
Retail transactions spiked in November, accounting for 44% of the month’s activity. In one of the month’s largest retail transactions, Mike Semon, Dan Sheeran Jr. and Dan Sheeran represented the owner of 1586 S. High St. in the sale to Lupita’s Mexican Cuisine & Bar where it is currently a tenant.
