December Closed Transactions
Our brokerage wrapped up 2024 with a very active December, closing 24 transactions equating to more than 157,000 square feet.
In the month’s largest transaction by volume, Chad Boggs represented the buyer in the purchase of Rocco Commons at Hamilton Square. The 11,803-square-foot retail strip center at Hamilton Quarter in New Albany was purchased as an investment for $6.08 million.
John Mally, Andrew Green and Al DiLorenzo represented the buyer, Certified Cultivators, in purchasing 1901 Bechtle Ave. for $1.575 million, the month’s second-largest retail transaction by volume. John Mally also worked with Chad Boggs and Andrew Green to sign two new tenants at the Lilley Building which underwent a recent renovation creating upscale office and medical office space. Rogers Krajnak Architects Inc. and 614 Dental Group leased suites 200 and 205 respectively at 77-83 S. 4th St. John Mally closed 26% of the month’s transactions which spanned land, multifamily, retail and office.
In the month’s largest industrial transaction, the team of Blake DeCrane, Curt Berlin, SIOR and Matt Osowski, SIOR represented the buyer, Geotex Construction Services, in the purchase of 6492-6498 Taylor Rd. in Reynoldsburg. The growing excavation contractor sought more space and will be the owner-occupant of the building which it purchased for $1.8 million. The team closed 40% of the month’s industrial deals.
The office market had an exceptional end-of-year rally with the sector accounting for nearly half of the month’s activity. Mitchell Moore, Matt Gregory SIOR, CCIM and Philip Bird, SIOR represented the seller in the largest office transaction of the month at 5880 Venture Dr., the 5,528-square-foot office space was purchased by a law firm for $612,500.
