May Closed Transactions
Activity increased in May with our brokerage completing 20 transactions. This past month, industrial and office transactions dominated, accounting for roughly 90% of the month’s activity.
The highest-value transaction of the month was an industrial lease at 3495 Gantz Road in Grove City. The team of Curt Berlin, SIOR, Blake DeCrane and Matt Osowski, SIOR, represented the tenant, FST Logistics, in signing the lease for the 263,219-square-foot space. FST also worked with the team to expand its office space at 5025 Bradenton, adding 5,580 square feet.
The Office Brokerage Group of Andy Dutcher, SIOR, Matt Gregory, SIOR, CCIM, and Philip Bird, SIOR had the largest office transaction by volume for the month. They represented Grange Insurance in leasing more than 15,000 square feet to the Ohio Capital Corporation for Housing at the Grange building located in the Brewery District.
Mitchell Moore and the Office Brokerage Group also had the second-largest office transaction by volume with the sale of 2041 Riverside Drive for $1.2 million.
The Office Brokerage Group represented the owner in the sale of 985 Schrock Road which was an all-in-house deal with the team of Mike Semon, Dan Sheeran and Dan Sheeran Jr. bringing the buyer.
In another in-house deal, Mike Simpson and Chad Boggs represented the owner of the retail center at 5433 Bethel Road, and John Mally and Andrew Green represented the tenant in leasing 6,000 square feet.
Overall, our brokerage closed on more than 354,000 square feet of industrial, office, and retail assets this past month.
