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SVN EQUITIES ACQUIRES THREE-PROPERTY PORTFOLIO FOR $20 MILLION

Posted on by in Midwest, Office

COLUMBUS, OHIO — SVN Equities has acquired a three-property commercial portfolio totaling 416,225 square feet of space around suburban Columbus from Och-Ziff Real Estate.
The properties, which were acquired for approximately $20 million, include Metro Lakes Office Building, a five-story 96,876-square-foot office facility located at Metro Place South in Dublin, Ohio; Westpointe Business Park, a four-building office community encompassing 238,982 square feet of flex office space located at 2249-2361 Westbrooke Dr. in Columbus; and Westpointe Industrial, two multi-tenant, single-story industrial buildings housing 80,367 square feet of space located at 4000-4014 Venture Ct. in Columbus. Frank Kosi of Sperry Van Ness’ Newport Beach, Calif., office represented SVN Equities; Chris Salomone of Grubb & Ellis/Adena Realty Advisors represented Och-Ziff Real Estate in the transaction. SVN Equities will oversee management of the portfolio, which are 84 percent occupied.

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