CBRE Brokers $77M Sale of Office Portfolio in Suburban Columbus, Ohio

by Kristin Harlow

DUBLIN, OHIO — CBRE has brokered the sale of the Columbus Office Portfolio, a seven-building office portfolio in Dublin. An affiliate of New York-based Group RMC Corp. purchased the portfolio for $77 million. The portfolio consists of 1.1 million square feet and includes the following properties: Atrium II, Parkwood Place, Emerald III, Blazer I & II, Parkwood II, 5515 Parkcenter Circle and 5555 Parkcenter Circle. The office buildings were constructed between 1991 and 2002. The portfolio is currently 76 percent leased to tenants such as Cardinal Health, NY Life, Allstate Insurance, Hewlett Packard and Xerox. Patrick Arangio and Jack Howard of CBRE arranged the sale on behalf of the seller, Blackstone. Donald Roberts and Philip Pelok also provided local market expertise and transactional assistance.

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