Brewery Tower
855 Grandview
Columbus Office Portfolio - Columbus, OH
November 2019
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Columbus Office Portfolio:
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Brewery Tower: 94% leased, 142,300 sq. ft. Class A office tower with attached 579 space parking deck located in the Brewery District submarket of the Columbus CBD.
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855 Grandview: 100% leased, 84,800 sq. ft. creative office building and attached 25,550 sq. ft. warehouse located in Grandview Heights neighborhood just minutes from downtown Columbus.
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Both assets are dominant properties in high-growth Columbus, OH submarkets, each contiguous to new mixed-use live/work/play redevelopment projects. According to Forbes, Columbus is #1 US Opportunity City and #4 in Entrepreneurial Activity.
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Business plan focuses on tenant retention and rolling existing rental rates to market. 25% of Brewery Tower tenants planned for expansion/renewal, and 855 Grandview’s 25,550 sq. ft. warehouse can be redeveloped into 45,000 sq. ft. creative office space. Modest improvements include elevator modernization, bathroom renovations and roof repairs.