Columbus, Ohio — Newmark has arranged the sale of the office and retail components of The Pointe at Polaris, a mixed-use property located in Columbus. The Pointe at Polaris comprises 212,366 square feet of office space and 33,071 square feet of retail space, along with a 473-unit luxury multifamily component that was not included in the transaction.
The property’s office portion is fully leased to a mix of tenants such as Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is also fully leased to Kitchen Social, Condado Tacos, Sweetwaters Coffee & Tea and Club Pilates. The Pointe at Polaris is situated less than half a mile from Polaris Fashion Place, a 1.6 million-square-foot mixed-use lifestyle center.
Newmark represented the sellers, a joint venture between VanTrust Real Estate and NP Limited Partnership, and the buyer, Dallas-based DFWLAND, in the deal. Newmark also arranged financing.