Cantor Fitzgerald Purchases 241,493 Square Foot Columbus, Ohio, Office Tower
08/07/2018
CFI, together with Rodin Global Property Trust, Inc., a public, non-traded real estate investment trust sponsored by CFI, acquired the asset for $46.95 million, company officials said. The property is 100 percent leased through September 2032 to Comenity Servicing LLC, a subsidiary of Alliance Data Systems Corporation, which serves as guarantor of the lease.
"This acquisition demonstrates our commitment to investing in assets that possess both high credit quality tenants and strong real estate fundamentals," says Roger Shreero, Managing Director, Cantor Fitzgerald.
Recently constructed in 2017, the building is part of a three-property office campus that houses more than 1,700 employees and serves as the headquarters for Alliance Data Card Services.
The property is located in the Easton submarket of Columbus, Ohio, a 1,300-acre master planned community comprised of approximately 4.2 million square feet of Class A office space and almost 3.8 million square feet of retail space, as well as several multifamily residential properties and luxury hotels.
"This building represented another excellent opportunity for us to continue on our trajectory of disciplined growth, expanding our portfolio with exceptional assets and world-class tenants," explained Ken Carpenter, Managing Director, Cantor Fitzgerald and President of Rodin Global. "It demonstrates our continued focus on seeking strategic investments in mission-critical assets with creditworthy tenants on long-term leases."
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024