Lane Bryant headquarters. Picture courtesy of Tempus Realty Companions
Tempus Realty Companions has acquired a 236,090-square-foot workplace campus in New Albany, Ohio, for $42 million. The corporate bought the property from Ascena Retail Group, the mum or dad group of Lane Bryant, in keeping with CommercialEdge information.
Lane Bryant, a ladies’s attire firm main in plus dimension clothes, is about to proceed its tenancy on the campus for a minimum of the following 20 years.
The Class A, two-building headquarters, is absolutely leased. Facilities embrace a workspace with on-site espresso store, health heart, strolling path, inexperienced area and a water characteristic.
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Positioned at 8323 Walton Parkway, tenants are in proximity to leisure and eating choices, in addition to resort and occasion areas. Route 161 is much less that 1 mile off the property offering entry to the Better Ohio space.
In accordance with the identical information supplier, the lot is 26 acres in dimension and consists of 671 parking areas.
The acquisition is Tempus Realty Companion’s sixth deal within the Columbus space. The corporate additionally owns the Places of work at Polaris, acquired in September 2018 for $17.8 million, the Huntington workplace constructing, acquired in November 2021 for $6.7 million, and the Hillard industrial constructing, acquired in December 2020 for $5.7 million, in keeping with its web site.
Columbus rising
The Columbus metro is experiencing will increase in demand for properties of every kind. Expertise and analysis corporations are increasing their operations within the space, bringing an influx of recent residents and staff.
Two corporations that started development on their new Ohio initiatives this 12 months embrace Stonemont Monetary Group and Intel. Stonemont Monetary Group is setting up a Columbus industrial park set to be some 859,240 sq. toes. Intel is creating two semiconductor manufacturing crops on a virtually 1,000-acre website within the space. The $20 billion challenge will carry 3,000 long-term manufacturing and engineering jobs to Columbus.
