1325-1397 W Lane Ave
Columbus, OH 43221 West Campus

$45.00 USD/SF/YR

Unknown For Lease • 2,320+ SF

Property Details

Property Type Unknown
Year Built 2023

28 Transit Score

51 Walk Score

2 Spaces Available

Name	Space Use	Size	Rent
1st Floor Ste Retail- 4	Retail	2,320 SF	Rate Upon Request
Date available: Now Lease term: Negotiable Service type: Triple Net Space Type: Relet
1st Floor Ste Retail/Rest- 1	Retail	3,600-10,500 SF	$45.00 USD/SF/YR
Asking $45 NNN with 3% annual increases for the hard corner Free parking in the attached garage. Retail 10,500 divisible SF $60/sf allowance above the cold dark shell as-is condition 2025 budget numbers for expenses CAM: 3.50/sf RE Tax 6.75/sf Ins:0.40/sf Tenant responsible for utilities which will be separately metered or sub-metered and Janitorial. On a commission the fee to the tenant side is 3% of the net rent for up to ten years Date available: Now Lease term: Negotiable Service type: Triple Net Built out as: Restaurants And Cafes Space Type: Relet

Description

Newmark is pleased to represent Continental Development Ventures in Columbus OH on their new mixed-use Project in Upper Arlington OH. The office and apartments are leased and we have European Wax, glo 30, Paris Baguette, a book store all signed/open.

We have a 10,500-sf endcap with two patios designed which can be nice amenity for office/medical office Tenant. The daytime population is very strong due to its proximity to Ohio State University and the new Carmenton office and medical office district.  We also have an 864 parking garage that is free parking, and we can designate spots for retail/restaurant on the main level.

As discussed, we have the premium hard corner endcap at Lane Ave and NorthStar in the new Upper Arlington Gateway Development. The lease plan shows approx 10,500 sf with 2 patio areas.

This is one of the best corners in upper Arlington and all of upper Arlington is looking forward to a first-class tenant for this dynamic corner.

The high tech business and biotech park to the east is thriving with hundreds of high paying jobs with many more planned. This only adds the strength of the market by adding offices adjacent to the project. Arlington is underserved for high quality restaurants.

Attached are recent articles about Carmentown District which is the 270 acre west campus innovation district that has four major buildings open in 2023 all with high paying jobs.

- The Energy Advancement and Innovation Center, now rising closest to the corner of Lane and Kenny, is scheduled to open in fall of 2023.

- OSU’s Interdisciplinary Research Facility, which sits immediately to the south, is on track to open in summer 2023.

- The eight-story Wexner Medical Center Outpatient Care building, located closer to the intersection of Kenny and Carmack, will be complete by the end of 2023.

- The first significant private investment in Carmenton recently opened at 1250 Arthur E. Adams Dr. – a 185,000 square foot gene therapy facility built by Andelyn Biosciences, an affiliate company of Nationwide Children’s Hospital.

In the Arlington Gateway project the office portion is leased with tenants including Office First Merchants Northwestern Mutual Assured Partners GAD Insurance Mix Talent Keller Williams DiPerna.