Success Story

"Matt and Curt gave us a set of expectations then promptly exceeded all of them. They leased both suites before the prior tenant vacated, at market lease rates, then connected us with a contractor to smoothly handle the build-out. We would happily return to them for our leasing work across Columbus."

- Jessica Carney, Portfolio Director

Curt Berlin, SIOR
614 224 5221 | cberlin@ohioequities.com
Matt Osowski, SIOR
614 224 5229 | mosowski@ohioequities.com
Blake DeCrane
614 224 5269 | bdecrane@ohioequities.com

Flex Building Leasing Assignment

Project

NAI Ohio Equities’ Industrial Property Team listed 831-
841 Green Crest Drive, located in the Brooksedge
Corporate Center in Westerville, Ohio. After touring the
property, it was clear that this space was going to be
challenging to lease as traditional office due to location
and lack of parking. With the 21,390 square foot space
being made up of approximately 90% office and 10%
warehouse, the team recommended the owner make
changes to increase the warehouse square footage
and decrease the amount of office space. The owner
agreed and had architectural drawings completed to
show how this could be done.

Approach

The drawings proved it was possible to demolish some
existing office space (increasing the warehouse space)
and add a dock or drive-in door. This demonstrated
the space could also be demised and marketed as
two units. The Industrial Property Team put the full unit
on the market showing the possibility of of each unit
having approximately 40% office and 60% warehouse
space.

Results

Ultimately, based upon the changes made by the
owner, Right Way Medical leased 9,590 square feet
of space and CUSITECH leased the remaining 11,800
square feet. Both leases were executed prior to
expiration of the current tenant’s lease. Construction
began immediately after the existing tenant vacated.
Both new tenants are scheduled to occupy their
respective spaces by first quarter 2020.

© 2019 by NAI Ohio Equities, Industrial Property Team.

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