PACE PROPERTIES ACQUIRES 119,700-SQUARE-FOOT OFFICE BUILDING

WORTHINGTON, OHIO — St. Louis-based Pace Properties Inc. has acquired a 119,700-sqaure-foot office building located in Worthington, a northern suburb of Columbus. Northwoods I was formerly owned by a Dutch investment group. The building was 60 percent occupied at the time of acquisition. Pace evaluated more than 50 properties before committing to Northwoods I.