August Closed Transactions
Our brokerage gained momentum in August and closed 23 deals equating to more than 171,000 square feet. We also saw an increase in retail and land deals, however, office was the most active asset class this past month.
The team of Matt Gregory, SIOR, CCIM and Philip Bird, SIOR closed nearly half of all transactions for the month with 72% of the team’s transactions being office sales or leases.
In the highest value office transaction, the team represented the landlord in signing a new tenant, Merit Advisors. The tenant signed a lease for 2,777 square feet at 501 W. Schrock Rd.
The team also closed the highest value retail transaction of the month representing the buyer, U Crew, in the purchase of a retail building at 211 E. 5th St. in Marysville for $600,000.
The highest value transaction for the month overall was the sale of 5850 Zarley St. by the Industrial Property Team of Curt Berlin, SIOR, Matt Osowski, SIOR and Blake DeCrane. The 8,000-square-foot warehouse sold for $1.7 million. The team closed 80% of the month’s industrial deals.
Peter Griffith closed one of the most valuable transactions of the month with the sale of an industrial property at 2800 Fisher Rd. The sale was unique in that included the building’s contents. Peter secured a cash offer for the seller above asking and closed the deal in roughly two weeks.
Matt Gregory, SIOR, CCIM and Philip Bird, SIOR also closed the highest value land deal of the month with the sale of 1.49 acres along W. Dublin Granville Rd. for $735,000.
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