250 Civic Center – Columbus, OH
Off-Market acquisition of a 105,000 sq. ft. Class A, a 6-story office building in the River South District of Columbus, OH with 70% occupancy at acquisition
The property includes a secured garage and surface parking and is located adjacent to Bicentennial Park, the Columbus Commons, and across the river from the $500+ million Scioto Peninsula mixed-use development
The business plan calls for a refresh of the common areas, including a lobby, restrooms, and common corridors. In addition, there is capital allocated to speculatively build out office suites to increase leasing velocity.
Columbus, OH is one of the fastest-growing cities in the country, and the city with the most population growth in the Midwest over the past 10 years (12.2%). This is Ravinia’s third office investment in the Columbus market.